Remember, the June numbers reflect the strong real estate market of May 2015. Starting Memorial weekend I have noticed a gradually softening Gilroy real estate market which will be reflected in next month's edition.
Looking back to 2014, the Gilroy number of homes sold in June compared to May dropped by 20 percent. Will we see the same scenario again?
This week's selling pressure in the mortgage market has largely been
created by mortgage investor profit - taking in front of Friday's May
nonfarm payroll figure. The majority of analysts are currently
projecting the May headline non farming report will show the economy
created 225,000 new jobs nationwide. The national jobless rate is
expected to continue to hover at 5.4% while hourly earnings are
projected to edge 0.2% higher. These numbers are already well priced in
the mortgage market. Mortgage update provided by Turnkey Mortgage Solutions .
