Mortgage Rates Down Slightly in the San Antonio Area

 

  

Jobless claims hold at 10-month low

 

 

 

Number of initial filers for unemployment insurance was unchanged last week at 505,000.

  

As reported by CNNMoney.com -- The number of first-time filers for unemployment insurance was unchanged last week, holding at the lowest level since January, said a government report released Thursday.

There were 505,000 initial jobless claims filed in the week ended Nov. 14, the same as the revised figure the previous week, the Labor Department said in a weekly report.

A consensus estimate of economists surveyed by Briefing.com expected 504,000 new claims.

The 4-week moving average of initial claims was 514,000, down 6,500 from the previous week's revised average of 520,500.

"After two hefty declines, claims were due a pause this week," said Ian Shepherdson, economist at High Frequency Economics, in a research note.

This blog was posted by Steve Brown of Gold Financial Services, universal City, TX. Gold Financial Services is a full service mortgage banking firm with a wide variety of conventional and government loan products, including Texas Veterans Land Board assistance program.                                                         www.mortgagesbysteve.com  (210)862-2885    sbrown0007@aol.com