Member Center

Economic News

2/3/2012

January jobs report: Hiring ramps up, unemployment falls

Posted 4:18 PM 2/3/2012 by Annalyn Censky

NEW YORK (CNNMoney) -- American employers substantially stepped up their hiring in January, bringing the unemployment rate down for the fifth month in a row.

Employers added 243,000 jobs in January, the Labor Department reported Friday, marking a pick-up in hiring from December, when the (More)

Stocks: Investors cheer jobs report

2/2/2012

Mortgage rates hit a new low: 30-year fixed at 3.87%

Posted 12:48 PM 2/2/2012 by CNN Money

Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record.

The 30-year, fixed rate fell to an average of 3.87% and the 15-year fixed dropped to 3.14% for the week ending February 2, both (More)