This Week’s Interest Rates, Mortgage Updates & Real Estate News

posted on November 6th, 2013 | filed under: Uncategorized

busy week lies ahead on the economic calendar, in particular it is a busy week for announcements that pertain to the mortgage rates. On Tuesday the Mortgage Bankers Association releases purchase application data for the past week, providing an idea of the current demand for housing.

On Thursday, jobless claims will be released, giving an idea as to the strength of the economy in terms of employment. It recently spiked to the highest levels since April, due in part to the government shutdown, making this indicator useful  in surveying the aftermath and effects of the shutdown. In relation to mortgages, increased jobless claims suggests a slowing economy and decreased purchase activity. MORE INFO

jobless claims

Article Courtesy of Samuel Scott Financial Group

posted by Jeff DeChamplain

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Jeff DeChamplain