Mortgage Rates 08-14-174

By Lisa Robison Updated on 8/14/2017

Are labor shortages getting worse? About a month ago, the National Association of Home Builders seized on the May Job Openings and Labor Turnover survey report as an indication that the constricted construction labor market might be relaxing. The report indicated a decline in the amount of untaken job openings.  The scarcity of skilled labor has been mentioned by NAHB as one reason for the slow salvage of the residential construction industry. It is a different story this month.

NAHB said the report shows the number of unfilled jobs in the construction industry rising significantly in June and have become even more widespread in July.

 

Bookmark this page for mortgage rates:

• 30 year (FRM) rates at 3.99% (+0.00%).
• 15 year (FRM) rates at 3.24% (-0.01%).
• FHA 30 year Fixed rates at 3.60% (+0.00%).
• Jumbo 30 year Fixed rates at 4.24% (-0.01%).
• 5/1 ARM rates at 3.17% (+0.01%).