Nothing impacts demand for housing more than employment levels. Quite simply, if someone is out of work or is concerned that they could lose their job, they are not going to make a major purchase such as a home. So, it is good news that for the second week in a row that the Initial Jobless Claims have decreased.
Initial Weekly Jobless claims dropped by 27,000 which was much larger than expectations. Continuing Claims also dropped slightly. The stock market rallied on this positive economic news.
Call us with any questions you have relating to residential mortgages (208) 287-1717, we are always very happy to help. We specialize in home loans for first time home buyers, move up buyers, second home purchases, and resort lending. The loan products available to my clients include FHA, IHFA, VA, Conforming Conventional, Jumbo and Super Jumbo Portfolio.
Our primary markets are Ada County (Boise, Eagle, Meridian, Kuna, Star), Canyon County (Nampa, Caldwell, Middleton), and Valley County (Cascade, Donnelly. Tamarack, McCall).
