Mortgages

Small businesses with fewer than 50 employees continued to add jobs in June, albeit at a slower rate, but wage growth remained steady, payroll processor Paychex reported.

The jobs report blew past expectations, although the unemployment rate ticked up to 4%.

The jobs market showed signs of a slowdown last month as the private sector added 152,000 jobs in May, while annual pay grew 5% year over year, ADP reported.

Hourly earnings growth for employees slid to their lowest level since the middle of 2021, according to Paychex.

Changes in residency, qualified personal residence trusts and other methods cited by experts carry big savings — with some caveats.

Governor Maura Healey's $4 billion housing bond bill, the state's biggest-ever investment in its residential stock, includes a provision allowing cities to impose a transfer fee of 0.5% to 2% on property sales exceeding $1 million.

The pace of small-business job growth slackened in April, but hourly earnings ticked up to 3.34%, ending a nearly two-year slowdown, according to Paychex.

Annual pay increased 5.0% year over year, ADP reported.

Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.

It was the first hiring increase so far this year, according to Paychex, though it remained below pre-pandemic levels.