Mortgage Rates & Bond Yields Drop: The Importance of the Housing Sector In the New Recovery. The average rate for a 30-year fixed mortgage fell last week. Freddie Mac reported Thursday (March 3, 2011) , 30 year loan rates fell from 4.95 percent to 4.87 percent. Treasury bonds yields also dropped last week and concerns…
Government Shutdown Extension Until March 18, 2011: The Effects of More Extensions. The Federal government shutdown set for March 4 was averted and there has been an extension until March 18. President Obama may be willing to bridge the gap between his Republican counterparts and come to a solution to the budget crisis. The continued…
Employers Are Hiring, Unemployment falls to 8.9%, Oil Stabilizes Near $105 – China & the U.S. Growth Employers Are Hiring – 192,000 Jobs Added: Employers are hiring. We have been positive on the economy for weeks and the data continues to support our findings. The unemployment rate finally fell below 9 percent to 8.9 percent…
Jobless Claims at 3 Year Low, Ben Bernanke & The Beige Book: Initial jobless claims fall – again. The number of people filing for unemployment benefits fell to a 3 year low. We have been expecting “spurts” of this type to occur and initial jobless claims are a leading indicator that the unemployment tide is…
U.S. Car Sales Up 27 percent, Retail Sales Also Increase: The economy may be moving at a slow pace but this isn’t stopping consumers from purchasing automobiles. U.S. car shoppers came to dealerships in droves to get deals on new automobiles. Car manufacturers made prices attractive by adding incentives and keeping prices low. AP reports…
