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Bureau of Labor Statistics’ Employment Situation Summary for November 2016:

  • The unemployment rate declined to 4.6 percent in November.
  • Total nonfarm payroll employment increased by 178,000.
  • Employment gains occurred in professional and business services and in health care.

Mortgage rates:

 

Home equity rates:

Most recent market news:

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage (FRM) averaged 4.08 percent with an average 0.5 point for the week ending December 1, 2016.
  • This is up from last week when it averaged 4.03 percent.
  • A year ago at this time, the 30-year FRM averaged 3.93 percent.

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U.S. Census Bureau’s October 2016 construction report:

  • Construction spending during October 2016 was estimated at a seasonally adjusted annual rate of $1,172.6 billion.
  • This is 0.5 percent above the revised September estimate of $1,166.5 billion.
  • The October figure is 3.4 percent above the October 2015 estimate of $1,134.4 billion.

Attom Data Solution’s Q3 Home Refinance Originations report:

  • More than 1.9 million (1,919,180) loans were originated on U.S. residential properties (1 to 4 units) in the third quarter of 2016.
  • This is down 2 percent from the previous quarter and up less than 1 percent from a year ago.
  • The report also shows total dollar volume of loan originations increased 8 percent from a year ago to more than $502 billion thanks to higher average loan amounts.

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