| Mortgage Employment Continues Positive Trend
457,300 mortgage jobs in June August 6, 2004 By MortgageDaily.com staff |
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| Despite continuous announcements of layoffs by mortgage lenders, jobs in the sector edged up for the fifth month in a row, according to the government’s latest employment data.
The number of people working in mortgage-related jobs totaled 457,300 in June, which marks an increase of 3,000 from May’s revised figure, the U.S. Bureau of Labor Statistics reported. Last year at this time, less people worked in this sector as the number was 448,100. The Bureau, a division of the U.S. Department of Labor, reports the numbers about 30 days following the end of each month. June’s total was comprised of 329,900 people working in Real Estate Credit, and 127,400 mortgage and nonmortgage loan brokers, according to the report.
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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:...
