Tagged : Rates

There are currently 2 blog entries matching this tag.

Austin-Round Rock Area Experiences a Drop in Unemployment Rates

Friday, February 5th, 2010 at 2:00pm. 1,722 Views, 1 Comments.

According to the Texas Workforce Commission, unemployment levels within the Austin and Round Rock area fell by 6.9% in November. While this is still up from the 4.9% rate that the area was experiencing just one year ago, it does represent a decline in unemployment when compared to the previous month.

Previous data indicated that the unemployment rate in the Austin and Round Rock area was 7.2% in October. Compared to the state average of 7.9%, the Austin and Round Rock area is doing quite well with its 6.9% rate. This pattern remains true to the rates from the previous month, with the statewide unemployment rates being at 8.1% in October compared to the 7.2% rate of the Austin and Round Rock area. Similarly, the state had a 5.4% unemployment rate one month

Read Full Post »

Freddie Mac Reports an Increase in Mortgage Rates

Monday, January 4th, 2010 at 12:16pm. 1,668 Views, 0 Comments.

The financial experts at Freddie Mac have reported that mortgage rates have moved higher for the second week in a row. According to the report, a 30-year fixed-rate mortgage loan averaged a rate of 4.94% during the week ending on December 14, which is up from the previous week's 4.81%. This figure is still down when compared to the rate from one year ago, however, which averaged 5.19% at the time. When it comes to one-year, adjustable-rate mortgages, the rates increased to 4.34% for the week ending on December 14, which is an increase from the 4.24% rate from the previous week.

Although homebuyers certainly don't want to see the mortgage rate go up, the fact that the rates are increasing is a sign that the economy is moving in a positive direction. At the…

Read Full Post »