| Mortgage Employment Sector Off
Decrease of 2,600 in ‘Real Estate Credit’ category October 6, 2003 By MortgageDaily.com staff |
| The number of people reported as employed in mortgage-related positions was down slightly in August.
The Bureau of Labor Statistics reported in its most recent monthly employment report that as of August, people working in the Real Estate Credit category total 308,800. The non-seasonally adjusted figures represent a decrease from the prior month’s 311,400, but an increase from last year’s 269,500. The “Mortgage and Nonmortgage Loan Brokers” category employee numbers increased to 113,300 from 111,800 the prior month — which was reported non-seasonally adjusted employment numbers for “Production Workers,” whereas this month’s figures represent “All Employees.” A year ago, this sector stood at 85,000, according to the report. The overall unemployment for September remained at 6.1% or 9 million people, the Bureau, a division of the U.S. Department of Labor, reported. Meanwhile, temporary help services maintained their upward trend and manufacturing jobs continued to decline at a slower rate. |
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:...
