Real estate rates slide on shaky job gains

A week of frights ended with mortgages improved Friday, slightly under 5.75 percent for the lowest-fee packages.

The worst scare each month is the wait for the first-Friday-of-the-month payroll data. This month we need not have bothered: December payrolls gained only 157,000 jobs, plus a 25,000-job upward revision for November, still far short of the sustained 250,000-300,000 necessary to work down the unemployment rate and provide opportunity for the under-employed.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

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.