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Average Rate on 30-Year Mortgages Dips This Week
Average U.S. mortgage rates are near historically low levels. Mortgage company Freddie Mac said Thursday that the nationwide average rate for a 30-year loan dipped to 4.12 percent, down from 4.14 last week. The average for the 15-year mortgage, which had ...

U.S. job growth surges, unemployment rate near six-year low
* Unemployment rate falls to 6.1 percent from 6.3 percent WASHINGTON, July 3 (Reuters) - U.S. employment growth jumped in June and the jobless rate closed in on a six-year low, decisive evidence the economy was growing briskly heading into the second half of the year. Nonfarm payrolls increased by 288,000 jobs last month and the unemployment rate fell to 6.1 percent from 6.3 percent in May, the ...

Ameren Missouri seeking $264M rate increase
Utility provider Ameren Missouri sought approval Thursday for a $264 million rate increase for its electric customers, which could result in an extra $10 a month on a typical residential bill. With about ...

Why did demand for floating-rate notes decline?
Floating-rate notes (FLRN) are the Treasury’s most recent issue. Their first auction was held in January 2014. They offer you a term-to-maturity of two years. A floating-rate note (FLOT) is a debt security with a variable interest payment.

China Money Rate Poised for Biggest Weekly Decline Since May
China’s benchmark money-market rate headed for its biggest weekly drop in almost two months as demand for cash declined after the end of the quarter.

Construction June Unemployment Rate Down As Industry Adds 6,000 Jobs
Construction’s employment picture is getting a bit brighter, as the industry added 6,000 jobs in June and its jobless rate dipped to 8.2% from May’s 8.6%. The Bureau of Labor Statistics’ monthly employment report, released on July 3, also showed that ...

Sweden Rate Stunner Seen Forcing Norges Bank Move: Nordic Credit
Sweden ’s surprise interest-rate cut last week will probably prompt a Norges Bank response to shield the economy from a strengthening currency, according to DNB ASA (DNB) , Norway’s biggest lender.

Fed Seen Raising Main Rate Earlier After June Employment Surge
Wall Street economists moved up their estimated dates for the Federal Reserve’s first interest-rate increase since 2006 after job growth surged in June beyond forecasts, cutting unemployment to almost a six-year low.

BSP seen poised to raise borrowing rate in Q3
The Bangko Sentral ng Pilipinas (BSP) may raise its overnight borrowing rate—from the record-low level of 3.5 percent—this third quarter or the next despite some relief provided by the slower-than-expected increase in the June consumer price index, economists said.

Mortgage Rate Forecast: Have 30-Year Mortgage Rates Already Reached Their Lows For The Year?
30-year mortgage rates improved again last week, continuing this year's mortgage rate slide. Current interest rates fell for the third week-in-a-row, and for the 10th week of out the last thirteen. Low mortgage rates continue to define the 2014 Housing ...

June inflation rate slows to 4.4%
The country’s inflation rate slowed down to 4.4 percent in June 2014 from 4.5 percent in May, supporting a manageable and within-target outlook for the year, according to the National Economic and Development Authority (NEDA). Socio-economic Planning Secretary Arsenio Balisacan said the government expects that the country’s headline inflation rate for full year 2014 will average around 4.4 ...

U.S. job growth surges, unemployment rate near six-year low
Nonfarm payrolls increased by 288,000 jobs last month and the unemployment rate fell to 6.1 percent from 6.3 percent in May, the Labor Department said on Thursday. Data for April and May were revised to show a total of 29,000 more jobs created than ...

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