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Mortgage rates fall as labor market normalizes

Housing Wire

For now, we can say the labor market isn’t tight anymore, but it’s also not breaking. From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. At the time this would be a speedy labor market recovery, and it happened on schedule, too Total employment data 4.

Marketing 497
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Jobs data shows the truth about the labor market

Housing Wire

today should be between 158 million and 159 million , or in a weaker labor market growth scenario, between 157 million and 158 million. Now let’s look at the labor market on all fronts from the data we got this week to get a comprehensive view of the labor market today. From the St.

Marketing 443
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Inflation cooled further in March, but shelter costs are still high

Housing Wire

Indexes that contributed to the annual increase were food (+8.5%), motor vehicle insurance (+15.0%), household furnishings and operations (+5.6%), recreation (+4.8%), and new vehicles (+6.1%). Higher mortgage rates have slowed demand by pricing some would-be buyers out of the market,” Sturtevant said. compared to March 2022.

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FHA borrower fee gridlock draws ire of industry

Housing Wire

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. Income from FHA premiums go into the general Treasury fund when Congress passes a Transportation and HUD appropriations bill. The money can then be used for other programs.

Insurance 437
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Why a good jobs report is bad news for the Fed

Housing Wire

The government sector has had difficulty hiring people; some didn’t bother to go back to work for them. Transportation and warehousing jobs falling isn’t a surprise since many companies have hired too many people in that sector. The labor market is still creating jobs, which is not what the Fed wants.

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Increase in COVID cases holding back employment numbers

Housing Wire

Private employment gains were largely driven by some of the industries hit hardest by the pandemic – with rises in transportation and warehousing (+145,000) and professional and business services (+60,000), as well as an increased demand for those in the health care sector (+104,000). census count. million jobs, boost GDP by 3.5%

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Opinion: Fannie Mae’s title insurance pilot program overreaches

Housing Wire

Unfortunately, one of the proposals the President mentioned in the SOTU was to revive a previously discredited and shelved pilot program that would waive the requirement for lender’s title insurance on certain refinances by Fannie Mae. By law it is not an insurer nor is it capitalized or regulated to do this. million in claims.

Insurance 437