The big drop in mortgage rates did more to spur refinancing than homebuying, according to a weekly survey of lenders by the Mortgage Bankers Association, and now rates are rising again
Initial jobless claims for the week ending March 27 rose to 719,000, a number that surpassed the pre-coronavirus record, just one week after filings hit a pandemic low
Approximately 885K Americans filed new unemployment claims last week, up from 853K the week prior, according to data released by the US Department of Labor
Opinion
Although there is more demand for housing, there is also a higher risk of losing it, and many economic signs point to a rocky road ahead. Here's why this housing boom won't last
It's the lowest level of new jobless claims since the pandemic began spreading across the United States, but still far ahead of pre-COVID-19 norms
New initial unemployment claims topped 1 million for the 15th straight week
Claims have been decreasing for 15 weeks, from mid-Pandemic highs — when new unemployment claims topped 6 million — but remain ahead of pre-pandemic numbers
More than 1.4 million Americans filed for unemployment last week, according to the US Department of Labor
Roughly 30 million Americans have filed for unemployment since COVID-19 began spreading in the US
Commentary: Don't confuse housing improvement with strength
Commentary: Economy is on Fed, Treasury 'life support'
Conference Board index falls for fifth straight month