Initial Jobless Claims +3k to 222k in Latest Weekly Survey.

The 4-week moving average was 217,750, an increase of 2,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 215,000 to 215,250.

Mortgage Applications Jump in MBA Weekly Survey: The Market Composite Index increased by +26.8%, the Refinance Index increased by +47%, and the Purchase Index increased by +10%.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) decreased to 4.04% from 4.09%. The average contract interest rate for 30-year fixed-rate mortgages backed by FHA decreased to 4.09% from 4.24%. The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.53% from 3.65%. The average contract interest rate for 5/1 adjustable-rate mortgages decreased to 3.43% from 3.62%. The ARM share of activity increased to 7.9% of total applications.

Nonfarm Payrolls +75k, Unemployment Rate 3.6% in May.

Employers tapped the brakes on hiring in May, signaling companies are taking a more cautious approach at a time of slowing global growth and trade tensions and adding to other signs of slowing U.S. economic growth this spring.  The economy added 75,000 jobs in May, marking the 104th straight month of gains, but pulling back from two months of stronger hiring, the Labor Department said Friday. The jobless rate held steady at 3.6%, a near-50-year low.

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

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