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
Tagged : Rates
Found 2 blog entries tagged as "Rates".
Freddie Mac Reports an Increase in Mortgage Rates
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…
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…