This week's employment report was released, indicating employment has weakened. This news has sparked a rally in the housing market and caused long-term interest rates to fall. Now is the time for homeowners and home buyers to get in on the low rates before they go up again.
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Tag Archives: Economy
Home Sales Up, Long-Term Rates Low
Sales of new homes rose from last month, giving indication that housing is still doing well in 2006 and will continue to do so. A strong job market and low long-term interest rates continue to support the housing market. That's good news for anyone looking to buy a new home.
Existing Home Sales Ease Slightly from Last Month
Sales of existing homes eased a bit from last month's levels. But despite the drop, housing remains strong, supported by low long-term rates which more and more people are obtaining to avoid rising short-term rates.
Low Long-Term Rates Good for Housing
The housing industry continues to be supported by a strengthening job market. People interested in buying a home can still get in with low fixed interest rates.
April Home Sales Up; Strong Year Ahead
Sales of single-family homes were up almost five percent from last month. Steady job growth, a strong economy and low long-term interest rates continue to support a strong year for housing.
Job Growth Keeps Economy Growing, Fixed Rates Low
Nearly a quarter million jobs were created in October, keeping the economy growing strong. Long-term rates remain near-historic lows. What does this mean for you if you have a variable rate mortgage?
Housing Starts Rebound in October
The Commerce Department announced today that October housing starts increased after a 6% decline in September. Find out how this may impact the next Fed meeting.
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