Mortgage applications slightly increased 0.2% for the week ending Nov. 21, according to the Mortgage Bankers Association (MBA). It’s a tick up from a week ago when new home loan demand decreased 5.2%. Meanwhile, the refinance share of mortgage activity decreased to 53.4% of total applications from 55.4% the previous week. The adjustable-rate mortgage (ARM) … Read more
After weeks of delayed data, we finally have an update on the labor market—and it’s not exactly what most people expected. Data that was delayed by the federal government shutdown is starting to trickle out. We learned that hiring was more robust than many expected in September, with 119,000 jobs added in the month—largely in … Read more
Pollster Mark Penn dropped $17.5 million on a waterfront Miami Beach mansion, a $5 million discount from its last listing price. Penn and his wife, Nancy Jacobson, bought the house at 5785 Pine Tree Drive from Pinetree Holding Corporation, managed by Mohammad Eleyyan of Staten Island, according to public records. Andrew Katz with Howard Chase … Read more