Mortgage Applications Decline in Latest MBA Weekly Survey: Market Composite Index decreased -3.7%, Refinance Index decreased -0.1% and Purchase Index decreased -6%.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 4.65% from 4.69%.  The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) decreased to 4.48% from 4.50%.  The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 4.61% from 4.70%  The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.04% from 4.11%.  The average contract interest rate for 5/1 ARMs decreased to 3.97% from 4.04%.

Non- Farm Payrolls: Employers Added 304,000 Jobs in January,

More Than Expected. The unemployment rate rose to 4.0% and average hourly wages for private-sector workers grew 3.2% from a year earlier, continuing their steady rise.  December numbers were revised, slashing nonfarm payroll gains to 222,000 from 271,000, while the overall unemployment rate ticked up to 4% from 3.9%.  Construction employment rose by 52,000 in January.  average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $27.56, following a 10-cent gain in December.  The average workweek for all employees on private nonfarm payrolls was unchanged at  34.5 hours in January.

Initial Jobless Claims -19k to 234k in Latest Weekly Survey.

The 4-week moving average was 224,750, an increase of 4,500 from the previous week’s unrevised average of 220,250.  

The best way to introduce you to our services and show you how they might work for you is through individual contact. Let us share with you the details of our program. We can show you how Vice Capital Markets can safely bring 25 to 55 basis points of additional profit directly to your bottom line.

Our team is happy to help you and we can answer every your question. If you have some questions or would like to hear more, contact us at:

Vice Capital Markets

39555 Orchard Hill Place
Suite 240
Novi, MI 48375-5345
(248) 869-8100

cbennett@vicecapitalmarkets.com

 or complete the contact request form below:

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