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Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The number of Americans filing first-time unemployment benefits rose more than expected last week, a sign the labor market is starting to cool a tight as the Federal Reserve raises interest rates at the fastest pace in decades. Figures released Thursday by the Labor Department show applications for the week ended Oct. 1 climbed to
READ MOREPrivate payroll job growth rose faster than expected in September, suggesting that companies are continuing to hire new workers despite growing fears of an economic slowdown, according to the ADP National Employment Report released Wednesday morning. Companies added 208,000 jobs last month, topping the 200,000 gain that economists surveyed by Refinitiv had predicted. “We are
READ MOREU.S. job openings unexpectedly dropped in August to the lowest level in over a year as the Federal Reserve tries to bring down near-record high inflation and cool the labor market. The Labor Department said Tuesday that there were 10.1 million job openings in August – a major decline from the previous month’s revised reading
READ MOREMajor inflationary reports dropped this week, as August’s Consumer Price Index (CPI) and Producer Price Index (PPI) were released. CPI came in worse than expected, rising 0.1% from July to August and 8.3% from August 2021. Analysts had anticipated a decrease of 0.1% from July to August. Inflation for consumer core prices, which excludes food
READ MOREDSCR stands for Debt-Service-Coverage-Ratio. This means your loan is qualified based on the cash flow/ market rents of the subject property.
READ MOREWhat is an ITIN loan? An ITIN is a 9-digit number “Individual Taxpayer Identification Number”. It is a tax processing number only available for certain nonresident and resident aliens, their spouses, and dependents who cannot get a Social Security Number (SSN). It is a 9-digit number starting with the number “9” and formatted as an
READ MORENew 2023 conforming loan limits won’t be released until November … but we’re honoring them now for conventional loans locked, starting September 7th for FNMA, FHLMC, and VA. $715,000 for regular one-unit conventional / VA loans (increased from $647,200) $1,073,000 for regular one-unit conventional / VA loans in high-cost counties and in AK and HI (increased
READ MOREJobs, Jobs, Jobs: September ADP Employment Change was a little stronger than expected (208K vs. est. of 200K). Annual Pay rose by 7.8% for “job stayers” and up 15.7% for “job changers” Taking it to the House: Weekly Mortgage Applications tanked by -14.2%. Refinance Applications fell by -17.8% and Purchase Applications declined by -12.6% Trade
READ MOREWhen you’re buying a house, sorting out funding is often more challenging than finding the perfect home. From saving for a down payment to securing financing to managing your obligation long-term, there’s a lot of decision-making to be done. To kick off your research, here are some outside-the-box ideas from Your Real Estate Life /
READ MOREThe economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Prospects for future improvement anytime soon are dim as well. “The outlook for future economic growth remained generally weak, with … expectations
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