Morning Minute: Jobless claims drop, mortgage rates rise

The Labor Department reports that jobless claims fell by 4,000 filings for the week ending May 4, marking the third straight week of declines in initial claims, HousingWire reports in today’s article, “Jobless claims fall again.”

And more positive jobs news is triggering a rise in mortgage rates for the first time in six weeks. According to Freddie Mac’s latest release, the average 30-year, fixed-rate mortgage was 3.42 percent, up from 3.35 percent last week. The 15-year rate was 2.61 percent, up from 2.56 percent last week. Read more in today’s Chicago Tribune.

More news headlines:

Program to Help Struggling Homeowners Coming to Peoria – WMBD-TV

Fannie Mae profit soars, posts largest pre-tax quarterly income to-date – HousingWire

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