A quick look at the markets for the week ending July 5, 2024 ‌ 

According to ADP, private payroll growth edged lower in June. A slowdown in the labor market could be good for rates.
Unemployment claims increased modestly last week. Continuing claims rose for the 9th straight week to the highest level since November 2021.
Private payroll growth edged lower in June, according to ADP. A slowdown in the labor market could be good for rates.
  
Construction spending unexpectedly fell 0.1% in May. Single-family construction spending fell 0.7% after rising in April.
Purchase mortgage applications dropped 3.3% for the week and were 12% lower year over year.
ICE’s 2024 Borrower Insights Survey found 36% of homeowners plan to sell in the next 2 years, led by Gen Z and Millennial owners.
  
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