MMG Weekly Recap 5/28/20

by Bill Bodnar, on May 28, 2020 at 4:59 PM

Mortgage Market Guide's recap of what happened this week and why.
This week, per Freddie Mac, mortgage rates hit an all-time low. But there were some other good-news items within the findings, including a boost in housing demand, and increased refinance activity in lower loan amounts - meaning that many smaller loan amounts and likely lower income scale will see a financial benefit that should turn into economic stimulus going forward.
Continuing claims – a component of Weekly Initial Jobless Claims – surprisingly dropped by nearly 4 million, which means a lot of people either found a job or were rehired. Next week brings the important Jobs Report and more.
Find out more in the MMG Weekly Recap video:
MMG Weekly 28MAY20


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Hope and optimism are rising.  Have a great weekend.
Topics:Market analysisMortgage Market GuideMMGMortgage TechnologyMMG Weekly RecapMarket IntelligenceMortgage RatesUnemploymentcoronavirus