Posts Tagged ‘current rates’
Weekly Mortgage Update
The labor day weekend is here and it is somehow ironic that we are celebrating our labor force when Friday’s announcement from the Department of Labor showed that the number of net jobs added in August was ZERO. Why am I not singing the blues? Well, for one thing, the household survey of employment showed…
Read MoreWeekly Mortgage Update a little late
The new normal is what this week is all about. The economic data shows that the pace of the recovery has slowed. While new home sales came in above last month’s numbers, the level is still low by comparison to prior years. Businesses are ordering less durable goods (big stuff) and unemployment remains stubborn. But…
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