Today we will get the new jobless claims and continuing claims numbers, and Friday we will get the BLS Jobs Report for the month of August. The initial jobless claims and continuing claims number are always important, but they will serve to lay the foundation of the BLS Jobs Report that can...
Borrowing from an epic line, the new revisions to the BLS Jobs numbers from April 2022 to March 2023 show an overstatement of jobs by more than 300,000 jobs! Reminds me of another classic line, “You had just ONE job to do…” Well, the year-old numbers they shared are already...
The last of the strategies we can employ for the end of summer 2023 when working with our Realtor referral partners to help generate new listing and buy side opportunities is the “back to school rule!” Back to school impacts families in many ways, but one of the biggest is the...
Have you ever noticed how some people just go through the motions of completing tasks just to get them “done” instead of thinking about how to maximize the outcome for the expenditure of a little more effort? What if you could share a few simple steps, that don’t take much time...
The significance of asking the right questions cannot be undervalued. But how do you ask these three big questions if you don’t know what they are? Well, let me help you with those:
Could the rise in interest rates be over? The FED raised rates another 25bps and the markets are thinking this could be it. The next meeting is in September, so we will have a bunch of new data for the FED to digest before that meeting. We start that news with the ECB rate info, Jobless Claims,...
With mortgage applications off by more than 20% year over year, many are feeling the pain. Many had thought that we were going to see a much stronger mortgage bond market by now and rates would have been slowly heading into the 5% range. I was one of those people. I still believe that rates will...
After a good CPI number and a solid 10-year treasury auction, we saw a nice 75bp improvement in the UMBS 30YR 5.5% coupon, which followed up a 19bp gain on Tuesday. Today we have the PPI number and jobless claims, so we might see some more good news and another good day for bonds.
Despite all the...
Amazing how working a plan seems to work! The long holiday weekend was a wealth of opportunity for those that were out and committed to the plan. New contracts keep flowing in and a wave of updated preapprovals and new preapprovals seemed to just keep coming. The only “dry spot”...
Here we are, sitting on the cusp of a LONG holiday weekend. With July 4th on Tuesday, many are going to make the weekend more like a week! If you are planning to go away and be gone/unplugged for this weekend, please be safe and enjoy yourself. If you are planning on remaining connected and are...
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