Mortgage Rates

Last week's economic reports included readings on job openings, retail sales and consumer sentiment in addition to weekly reports on new jobless claims and Freddie Mac's survey of mortgage rates. Job Openings Hold Steady in November; Quits and Hires Increase According to the Labor Department, job openings held steady with a reading of 5.50 million openings in November, which matched October's reading. Hires and quits showed more activity, which analysts deemed a healthy sign for the economy. Workers typically hold on to their current jobs in times of economic uncertainty, while they may be more comfortable with changing jobs in…

Last week's economic reports included readings on job openings, retail sales and consumer sentiment in addition to weekly reports on new jobless claims and Freddie Mac's survey of mortgage rates. Job Openings Hold Steady in November; Quits and Hires Increase According to the Labor Department, job openings held steady with a reading of 5.50 million openings in November, which matched October's reading. Hires and quits showed more activity, which analysts deemed a healthy sign for the economy. Workers typically hold on to their current jobs in times of economic uncertainty, while they may be more comfortable with changing jobs in…

Last week's economic reports were in short supply due to the Christmas holiday. Events reported included Case-Shiller home price indices, pending home sales and weekly readings on mortgage rates and new jobless claims. Consumer confidence was also released.   Case-Shiller Readings Indicate No Slowdown in Home Price Gains Case-Shiller's October readings for its home price indices showed continued growth in home prices. In spite of rising home prices and mortgage rates, high demand for homes and slim supplies of homes for sale continued to fuel higher home prices. According to Case-Shiller's national home price index for October, home prices rose…