U.S. Unemployment Rate Holds Steady at 3.7%

The unemployment rate didn’t budge last month despite predictions from economists that called for a slight increase. The U.S. unemployment rate was 3.7% in January, according to Friday’s data from the Bureau of Labor Statistics. The unemployment rate didn’t budge last month despite predictions from economists that called for a slight increase. The U.S. unemployment…

Read More

Mortgage rates continue to trend down, but affordability remains a pipe dream: Freddie Mac

By: Rates for 30-year mortgages dropped again, but homes remain unaffordable in most areas.  (iStock) Mortgage rates dropped to 6.63% this week, according to Freddie Mac’s Primary Mortgage Market Survey. Rates for 30-years fixed-rate mortgages were 6.69% last week, dropping by 0.06 percentage points. Rates for 15-year mortgages also dropped slightly from 5.96% last week…

Read More