0 Energy: Where the jobs of today and tomorrow are found.

Renewable energy is the fastest growing energy sector, despite the fact we still get the majority of our power from non-renewable sources. Oil, coal and fossil fuels are not only in limited supply, but are also detrimental to the health of the planet. On the other hand, renewable energy is in infinite supply and draws its power cleanly and naturally. Solar, wind, water and geothermal energy sources are the future of the industry and are expected to create 12 million new jobs through 2030. In West Virginia alone, a mere two percent of the state’s geothermal power could replace its entire electrical capacity. In just one hour, the Sun provides enough power to meet the world’s energy needs for a year.

Detail: Energy: Where the jobs of today and tomorrow are found.

0 Job Market Improvement Boosts Jumbo Loan Rates

ADP reports:

Private-sector employment increased by 297,000 from November to December on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from October to November was revised down but only slightly, from the previously reported increase of 93,000 to an increase of 92,000.

This month’s ADP National Employment Report suggests nonfarm private employment grew very strongly in December, at a pace well above what is usually associated with a declining unemployment rate. After a mid-year pause, employment seems to have accelerated as indicated by September’s employment gain of 29,000, October’s gain of 79,000, November’s gain of 92,000 and December’s gain of 297,000. Strength was also evident within all major industries and every size business tracked in the ADP Report.

This latest report came in very strong vs estimates of about 100k new jobs added in this period. This has resulted in an small early morning rally on Wall St. Stocks  are slightly higher but the biggest change is a rise in the 10Y Treasury from 3.33% to 3.45% as of 12:11 EST. We have seen a boost in mortgage rates across the board. Market based jumbo loan programs are up about .125%-.25% from yesterdays best levels. The plane is boarding don't be late before the captain shuts the door on 5% fixed jumbo loan rates.  

Detail: Job Market Improvement Boosts Jumbo Loan Rates