Jobs, economy to take spotlight at presidential debate
Stagnation keeps 30-year mortgages below 6%
By Lou Barnes, Thursday, October 7, 2004.Inman News
Job creation in September remained on the thin side, and mortgage rates are still safely in the fives – 5.75 percent on the lowest-fee 30-year deals.
Payrolls grew by only 96,000 last month, and half of that total comprised low-octane hires by government. Other data were similarly tepid, and the Fed has given its first hint that it may pause after the next couple of .25 percent hikes in the Fed funds rate.
more...
Copyright 2004 Lou Barnes
All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.
Bookmarking Sites
Story Tools Sponsored by:

