1.Average US 30-Year Mortgage Rate at 4.13 Pct.
“Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.”
2.US New-Home Sales Plummet in June
“Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy.”
3.US Home Sales Increase 2.6 Percent in June
“Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.”
4.Across US Job Market, Layoffs Are Becoming Rare
“The risk of losing your job is getting smaller and smaller.”
5.The risk of losing your job is getting smaller and smaller.
“The U.S. real estate market is finally starting to fire on most, if not all, cylinders, with investors’ enthusiasm gathering steam seemingly each passing month.”
6.Global economy still limping along
“The world economy is stuck in low gear even as the risks to growth mount, the International Monetary Fund said Thursday. ”
7.U.S. new home sales post biggest drop in almost a year
“Sales of new U.S. single-family homes fell sharply in June and the prior month’s data suffered the biggest downward revision ever, casting a cloud on the housing market recovery and helping to send homebuilder stocks lower.”