Weekly Mortgage Update: (06/05/2017)
Click here to download the PDF.
FIRST TEAM’S WEEKLY MORTGAGE WATCH (JUNE 4TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:
- Mortgage rates slipped slightly as last week ended.
- While the ISM Manufacturing Index managed to squeeze out a slight increase, the rest of the week’s economic data told a tale that we’ve been hearing for some time – slow growth.
- Friday’s employment report sported another drop in the unemployment rate, but it was due to folks leaving the workforce. Only 138,000 new jobs were created last month, and both April and March’s numbers were revised downward by a total of 66,000.
- Consumer Confidence remains elevated, but slid a bit more, as consumers notched down future expectations.
- This week is slim in terms of economic data points, but other factors could play heavily into financial markets’ volatility.
- If the ISM Services Index remains mostly flat, it may help to anchor rates a bit. However, the political drama playing out in Washington and Europe could sway rates.
- Former FBI Director Comey’s testimony, a snap election in the UK, and a meeting of the European Central Bank could make traders jittery, and the more uncertainty created, the more likely rates are to retreat.
THE BEST PLACES TO LIVE AS YOU GET OLDER
SeniorAdvice.com has developed a comprehensive data-driven scoring model to identify locations that are best and worst for seniors. The model takes into account more than 100 factors in four different categories: health and safety, recreation and leisure, finance, and general quality of life. Virginia takes the top spot for seniors. Rounding out the top ten, in order, are Hawaii, Nebraska, Oklahoma, Kansas, Maryland, Florida, Texas, Arizona, and West Virginia.
You can follow any responses to this entry through the RSS feed. You can skip to the end and leave a response. Pinging is currently not allowed.