|Mortgage Employment Continues to Strengthen
Labor report indicates overall rising unemployment
December 9, 2002
By MortgageDaily.com staff
|The mortgage industry established itself again last month as a hot place to work, even while general unemployment shot up.
The seasonally adjusted monthly report from the Bureau of Labor Statistics revealed that about 406,000 held the title of mortgage broker or banker in November, up from October’s 401,000 and September’s 381,000.
In November 2001, about 14.0% less people held those positions at 349,000.
The bureau also reported general unemployment for November at 6.0%, tied with April for the highest rate this year.
Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...