Archive for May, 2013

What affect does the Unemployment Rate have on the housing market and mortgage rates?

The national unemployment rate was released this past week and the results were positive.  We learned that the rate dropped to 7.5% which is a 4 year low.  The last time unemployment was lower than it is now was in December 2008, when it was 7.3%.  The economy seems to be benefiting from a resurgent housing market, rising consumer confidence and the Federal Reserve’s stimulus actions, which have helped lower borrowing costs and lift the stock market.  There are some ...

Continue Reading →
0