News
Soft jobs report shifts outlook for Fed policy path
6+ hour, 32+ min ago (772+ words) Job growth softened considerably in June after a string of outsized monthly gains during the first half of 2026, newly released government estimates show. The Bureau of Labor Statistics (BLS) reported Thursday that nonfarm payrolls netted 57, 000 positions last month compared to…...
States are stepping up to solve America's housing shortage
1+ day, 7+ hour ago (29+ words) Scotsman Guide States are stepping up to solve America's housing shortage By Arthur Gailes and Amanda Nascimento Dial...
Construction spending shows monthly gains, but remains below last year's levels
1+ day, 1+ hour ago (410+ words) Construction spending reached a seasonally adjusted annual rate of about $2. 21 trillion in May, rising a slight 0. 1% from April's revised estimate of $2. 207 trillion, according to the U. S. Census Bureau. Home building, however, remained weak, helping to drive May construction spending down 1. 5% from…...
Private payrolls post lowest growth in three months in June
1+ day, 5+ hour ago (342+ words) After private-sector hiring beat forecasts in May, the slowdown in June continues a trend of slow job creation amid uneven though resilient labor market conditions. Private employers added 98, 000 jobs in June compared to 122, 000 in May and 105, 000 in April. Economists polled…...
Mortgage rates clock seventh straight week over 6. 5%
1+ day, 8+ hour ago (439+ words) Mortgage applications held steady at week-before levels over the seven days ending June 26, which included an adjustment for the Juneteenth holiday, the Mortgage Bankers Association (MBA) said Wednesday. The MBA's Mortgage Composite Index, a measure of mortgage loan application volume,…...
U. S. home prices decline nationally in April: FHFA
1+ day, 23+ hour ago (458+ words) National home prices declined 0. 1% on a monthly basis in April, according to the Federal Housing Finance Agency (FHFA), the second monthly decline in 2026. Posting 2% annual growth in April, home prices also moderated notably from the 3. 3% yearly increase recorded the previous…...
Industry Watch: MBA, Better, FICO, Optimal Blue and others make notable announcements in June
2+ day, 1+ hour ago (444+ words) FICO announced that Optimal Blue has integrated FICO Score 10 T into its product suite " including its product, pricing and eligibility engine and mortgage servicing rights valuation tools " allowing lenders to price and decision non-agency loans using the 10 T model directly…...
Job openings beat May expectations, though hiring slides lower
2+ day, 5+ hour ago (464+ words) Job openings were roughly flat on a monthly basis in May, the third month of the war with Iran, according to newly released government estimates. Hovering just under 7. 6 million positions, the U. S. economy had almost 4% more job openings in May than…...
Landmark housing bill presented to Trump for signature on Monday
2+ day, 7+ hour ago (355+ words) The 21st Century ROAD to Housing Act was officially presented to President Donald Trump on Monday, kicking off a 10-day countdown for Trump to sign it into law. Despite the landmark legislation passing with overwhelming majorities in the U. S. Senate and House…...
Arc Home
2+ day, 22+ hour ago (447+ words) That shift is being driven by a combination of market conditions and borrower demand. Homeowners today continue to hold substantial levels of equity, but many remain locked into historically low first mortgage rates they are unwilling to refinance away from....