Fridays odd job #’s

    Friday’s Employment data was a bit puzzling to say the least. While the economy created 160,000 jobs, it was the weakest growth since Sept of last year and the labor force participation rate fell from 63% to 62.8%.

   But year over year wage growth increased from 2.3% to 2.5%, the 4th best reading since Oct 2009, the number of long-term unemployed fell to its 2nd best level since Sept of 2008, and the average workweek increased.

A June rate hike remains a faint possibility.

 Don’t let the bank Foreclose, you still have rights, Call me at 321-443-4028 or email me at info@PaulAntonelli.com for more information.

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 Paul Antonelli

Mortgage delinquencies still rising

In the third quarter of 2015 consumer Mortgage delinquencies rose from a record low of 1.36% in second quarter to 1.41%.
ForeclosedThese levels are substantially below the 15-year average of 2.25%, a level last seen roughly four years ago.
Statistically one of the lesser cost home purchases, Mobile home loans have the highest delinquency rate at 3.59%, followed by home equity lines of credit at 2.91%.

At the other end, auto loans enjoy the lowest delinquency rate at 0.74%, followed by RV loans at 0.95%. Makes perfect sence these days when dealerships offer up to 9 and 10 year car loans. People trade in after 3 or 4 years and just roll in the debit from the last loan, over and over.

I’m a firm believer that if you can not pay off a car loan in 3 years, you can’t afford it.

 Don’t let the bank Foreclose, you still have rights, Call me at 321-443-4028 or email me at info@PaulAntonelli.com for more information.

Claim Your Free Report Now To Sell Your Home For More Money . . . . Click Here

 Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
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April Jobs Report

Friday’s jobs report showed a solid gain of 215,000 jobs.
That said, the unemployment rate ticked up from 4.9% to 5% because the labor force grew by an even larger 396,000 persons!
As a result, the labor force participation rate rose by another 0.1% to 63%, its best level since 3/14 and up from 62.4% in Aug of 2015, a huge increase.
Wages rose a nice 2.3% Y-o-Y.

Has your property value gone up or is it a victim of the latest Neighborhood Foreclosure Syndrome. Find Out Now For FREE!    Go To: www.WhatsMyMarketValue.com !

Paul Antonelli
REALTOR Professional
Broker / Owner of NextHome Antonelli Realty