unemployment rate

Mortgage Rates Fall as Unemployment Rises

By Marketing Relevance / July 16, 2011 July 16, 2011

We constantly talk about the importance of job creation for the recovery of the housing market, so it’s no surprise that this week’s less-than-expected job growth dropped a fixed-rate mortgage to a new yearly low. The 15-year fixed-rate mortgage averaged 3.65 percent for the week ending July 14, according to the latest Primary Mortgage Market …

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Slow Job Growth Pushes Rates Down

By Marketing Relevance / June 10, 2011 June 10, 2011

A further indication that the unemployment rate directly correlates with the recovery of the housing market: Fixed-rate mortgages fell to new lows again this week after a weaker-than-expected job growth in May. “Long-term Treasury yields moved lower following a weak jobs report and mortgage rates followed suit,” said Frank Nothaft, vice president and chief economist …

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