Mortgage rates moved sideways near the lowest levels of 2010 yesterday as benchmark interest rates had little motivation to move in either direction. This allowed lenders to keep rate sheets unchanged on the day. "No trend" seems to be "the trend" in the financial markets lately. Both stocks and bonds have held to a tight range and mortgage rates have held steady. We have a couple economic reports to discuss today. The Department of Labor released the weekly jobless claims. This report provides three measures on the health of the labor market: Initial Jobless Claims : totals the number of Americans who filed for first time unemployment benefits Continued Claims : totals the number of Americans who continue to file for benefits due to an inability to find a new job Extended…(read more)
Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels.
Go to Source