Category: Home Loans
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Potent Cocktail
November was another good month for jobs with 178,000 new ones created and unemployment dropping to 4.6%. The bad news was that after an encouraging 0.4% gain in October, average hourly wages dropped back by 0.1%. Flat wages are not hurting home prices–at least so far. They continue to defy forecasts of smaller increases.…
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Demand for Higher Loan Limits
The Employment Situation report for October was a solid one again, with 161,000 new jobs, less than analysts’ consensus of 178, but in the mid-range of their estimates. The unemployment rate fell 0.1% to 4.9%, which Econoday says some consider full employment. Probably the sweetest data nugget however was average hourly earnings. They rose “an outsized”…