December 18th, 2009

Friday Scoop on Credit Karma & Housing Market News

1 Comment |

hiring

The unemployment rate is falling! A government report shows that more states, 36 to be exact, reported declining unemployment rates in November while only 8 states posted rising unemployment; 6 states held the same jobless rate. Across the nation, the unemployment rate improved to 10% from October’s 10.2%. Better prospects in the job market could ring in feelings of bottom-to-top economic recovery come new year. For news on Credit Karma and housing market, check out the following round-up:

Credit Karma in the News

Home & Mortgage News

This Week’s Mortgage Rates

Mortgage rates across the board are inching higher for the third consecutive week, as indicated by Bankrate.com’s weekly national survey. Rates for the three most popular mortagage types–30-year fixed, 15-year fixed, and 5/1 ARM–have increased nearly half a percent since last week. Bankrate.com reports that the continued rise in mortgage rates, which are closely related to yields on long-term Treasury securities, are being influenced by an improving economy and a glut of government debt that has served to push yields on government debt higher in recent weeks.


Bankrate’s recent survey results:

  • 30-year fixed: 5.13% — up from 5.04% last week (avg. points: 0.42)
  • 15-year fixed: 4.53% — up from 4.47% last week (avg. points: 0.40)
  • 5/1 ARM: 4.55% — up from 4.55% last week (avg. points: 0.39)

One Comment

  1. well well well, the recession is finally turning around. Although, did anyone ever take the time to notice that the stock market was climbing before the recession ended? I found that to be… condisending…no?

    Frank Vincent Ippolito at 2:00 am on December 19, 2009

Enter your comment