Get Your Mortgage Rate Quote in Just 30 Seconds

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below.

Mortgage Jobs Hold Up

Mortgage Jobs Hold Up271,100 mortgage jobs in February

April 3, 2009

By staff

As U.S. jobs continued to tumble, mortgage employment held steady.U.S. nonfarm employment decreased 663,000 in March, data released today by the Bureau of Labor Statistics indicated. Total job losses since the recession began in December 2007 total 5.1 million — with 3.3 million job losses just since November.

The number of unemployed people currently sits at 13.2 million, bringing U.S. unemployment to 8.5 percent.

But mortgage sector jobs, reported on a one-month lag, are holding up.

The bureau, a division of the U.S. Department of Labor, reported 271,100 people employed in real estate finance in February — nudging down from a revised 271,300 in January. During February 2008, job count in the sector was a revised 329,100.

Employees in “real estate credit” accounted for 197,400 of February’s total, off from a revised 197,800 the prior month.

“Mortgage and nonmortgage loan brokers” represented 73,700, slightly higher than January’s revised 73,500.

Impacting February were 754 California layoffs at Citigroup Inc.

next story

back to current headlines

Popular posts

7 Refinance Strategies
7 Refinance Strategies

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:...

7 Refinance Strategies
Is Refinancing With Your Present Lender Preferable?

Do Not Accept the First Refinancing Offer You Receive Homeowners should not accept the first refinancing rate provided to them. This is particularly important if you are applying with your existing lender. Some mortgage lenders have mechanisms in place that prioritize...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

Fannie Mae Profile

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC...