Mortgage default rate is an indicator of housing health.A high level of default implies that something in the market is going badly. It means more borrowers can no longer afford to pay their credit obligations, which in turn signifies a negative economic situation.For this reason, default Read more
Lowest Unemployment Rate Recorded in May
Settling at 4.3 percent, May set the lowest unemployment record in 16 years, thanks to the 138,000 new jobs added to the economy last month. Generally, unemployment fell by 0.5 point since January and the unemployed count declined to 774,000, approximately.Need financing? Let’s get you matched Read more
March Jobs Increase Fail to Meet Expectations
In a news release published by the Bureau of Labor Statistics on April 7, Friday, total nonfarm payroll employment increased by 98,000, a report almost half down of the 180,000 expected by experts. Industries that received a pronounced increase includes the professional, mining, and business Read more
