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March 19, 2005
Fewer Mortgage Brokers
As might be expected when mortgage rates increase, mortgage and non-mortgage broker jobs are going down.
January’s employment by the Bureau of Labor Statistics reports that employment in the mortgage industry hit an all time high of 489,400 full time employees. But, mortgage and non-mortgage broker jobs were 123,100, the lowest number since September of last year.
This is in line with the estimated 30-60% decrease in overall broker activity that has been reported during the most recent quarter.
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Posted on March 19, 2005 07:38 PM by Mortga104.
Filed in Real Estate under mortgage brokers.
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