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The economy continues to struggle toward recovery with the latest jobless claims numbers in today. Initial claims rose more than expected today, belying yesterday’s Fed statement. However, the news isn’t all bad. MarketWatch reports on the silver lining associated with the latest jobs numbers:
Ian Pollick, economist at TD Securities, said that the rise in jobless claims was unsettling but that he was comforted by the fact that claims remain below the 500,000 mark.
Despite the increase, analysts said that claims remain on a downward trend.
So it appears that things, in general, are moving in an overall positive direction for the economy. As a result, then, it is little surprise that mortgage interest rates continue to inch upward.
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Add to:
Just because we’re unemployed doesn’t mean we have to stop living like American’s!
http://bit.ly/ozqT6
(satire)
Posted by: bondwooley | December 17th, 2009 10:04 am |
[...] market. With stocks falling on the prospect of increased interest rates in 2010, the fact that jobless claims are on the rise again and the news that the financial sector continues to struggle, some investors [...]
Posted by: Dollar Strength Sends Gold, Oil Lower in Trading - Money & Investing - Banks.com | December 17th, 2009 10:05 am |
[...] However, things are still difficult for many people in terms of the personal finance situation. Jobs are still scarce, and this makes it difficult for borrowers to make their mortgage payments in a timely manner. [...]
Posted by: LoanShak » Prime Mortgage Borrowers Slip Into Delinquency | December 21st, 2009 11:55 am |