Real Estate News Feed
Mortgage Rates Inch Down
Fri, 03 Feb 2023 15:32:11 GMT
Freddie Mac reports 30-year fixed-rate mortgage averaged 6.09 percent as of February 2, 2023, down from last week when it averaged 6.13 percent. A year ago at this time, the 30-year FRM averaged 3.55 percent.
Unemployment Lowest In 35 Years
Fri, 03 Feb 2023 15:31:33 GMT
U.S. hiring accelerated sharply to 517,000 jobs in January and the unemployment fell to 3.4%, the lowest rate in more than 53 years, the Labor Department said Friday.
OC Gas Prices Up Again
Fri, 03 Feb 2023 15:29:47 GMT
The cheapest gas in Orange County has risen to $3.93/gallon and can be found at Moshen in Westminster. Costco in Cypress and Sam's Club in Fountain Valley offer gas for $3.94/gallon and ARCO in Huntington Beach offers gas for $3.95/gallon.
Fed Slows Tightening
Thu, 02 Feb 2023 15:50:28 GMT
The Federal Reserve nudged up short-term interest rates by a quarter-percentage point and signaled it was on track to do so again at its meeting next month while officials consider whether and when to pause increases late this spring.
Jobless Claims Edged Down
Thu, 02 Feb 2023 15:49:56 GMT
Applications for unemployment benefits declined slightly last week to their lowest level since April 2022, showing the labor market broadly remains tight as several companies announce job cuts.
Uptick for Construction Job Openings
Thu, 02 Feb 2023 15:49:20 GMT
Even though the housing market cooled in December, the constuction labor market saw an increse in job openings.