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When to choose a fixed-rate mortgage vs. an adjustable-rate mortgage (ARM)

By: When shopping for a home loan, you’re likely to encounter two interest rate structures — fixed-rate and adjustable-rate mortgages (ARMs). Understanding the similarities, differences, benefits and drawbacks between these two different types of mortgages can help you choose the best option for your needs and financial goals.   Here’s what to know about ARMs vs….

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First time unemployment claims fall to 209,000

The rollercoaster ride of those filing the first time for unemployment benefits continued on Wednesday, with a seasonally adjusted 209,000 making initial claims last week, 24,000 fewer than the week … The rollercoaster ride of those filing the first time for unemployment benefits continued on Wednesday, with a seasonally adjusted 209,000 making initial claims last…

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U.S. unemployment claims drop by 24,000 to 209,000, another sign of labor market resiliency

The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates. WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates.The Labor Department reported Wednesday…

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