Jobs - Articles

U.S. 30-Year Mortgage Rate Slips to 4.5%

Jonathan Alcorn/Bloomberg via Getty Images By ALEX VEIGA Average U.S. rates on fixed mortgages declined this week amid signs the economic recovery is slowing. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.50 percent from 4.57 percent last week. The average on the 15-year... Continue Reading »

View Our Post-Election Hangout With DailyFinance, AOL Jobs, AOL Real Estate

This live chat has ended, but view it on video below. Go to the AOL Jobs Google+ page at 12:30 p.m. EST and join in our post-election Hangout! We'll have our staff answering your questions about what Obama's second term could mean for the future of housing, jobs, and the economy. Don't have a Google+ account? No problem!... Continue Reading »

Can a Part-Time Real Estate Agent Get the Job Done?

Chris O'Brien became a part-time real estate agent for Re/Max in Doylestown, Pa. about 18 months ago because the economy had him feeling a little uncertain in his full-time sales position in the health care field. Now O'Brien is up against backlash from full-time agents, who have recently released ad campaigns and internet... Continue Reading »

Mortgage Applications, Refis Hurt by Job Market Stagnation

Minnesota homeowner Matt Kreger refinanced his $168,000 mortgage into a 4.75 percent 30-year fixed-rate three weeks ago, to get out of a 5-year, interest-only ARM with a 5.7 percent rate, which was set to change at the end of September. Borrowers such as Kreger were part of a push before Labor Day to close on the... Continue Reading »

Meredith Whitney Predicts Double Dip in Housing Market: Is She Right?

Could a double dip in the housing market be on the way? That's what influential banking analyst Meredith Whitney told CNBC's Squawk Box yesterday. And while the news is not all gloom and doom, Whitney -- one of Wall Street's best-known bears -- sees what she calls some "scary" behaviors by consumers that will continue to... Continue Reading »

Rise in Jobless Claims Surprises Economists

Hundreds of thousands of people lost their jobs and filed for unemployment last week. Officials processed claims at a seasonally-adjusted rate of 484,000 a week, up 24,000 from the week before, according to the Department of Labor. The rise in initial unemployment claims was the second in a row. Economists were surprised... Continue Reading »

Jobless Rate Dips Below 10%

Peace in our time! Mission accomplished! Unemployment down! The unemployment rate unexpectedly dipped below 10 percent in January, to 9.7 percent, according to the Labor Department. And stock markets rallied on the news. A jobless rate below 10 percent is certainly good for morale -- and for real estate. But hold the... Continue Reading »

Obama Visits Virginia Home Depot

"More saving. More doing." That's superstore Home Depot's slogan, and one that President Obama seemingly would like to adopt. The President visits the mega-store today in Arlington, Virginia. President Obama is pushing Congress to pass financial incentives for homeowners who retrofit their homes to make them more... Continue Reading »

No Jobs, No Housing, No Bull

This is my first post for AOL Real Estate. I am honored to be part of the new AOL. But if this is AOL Real Estate, why then am I writing about jobs? Because employment growth is key to ending the real estate depression (yes, depression) we have all been suffering through for more than a year. The key to real estate... Continue Reading »

Cash for Caulkers

With a winter chill in the air, President Barack Obama on Wednesday announced his much-discussed plan to spend billions helping people make their homes more energy efficient. Dubbed "Cash for Caulkers," the new program would "provide incentives for consumers who retrofit their homes to become more energy-efficient, which... Continue Reading »

Obama Gets Serious About Foreclosure Help

Amid rising foreclosures and public outrage over taxpayer-funded handouts to banks, the Obama administration is trying to put some teeth into its program to help ailing homeowners. The Home Affordable Modification Program (HAMP), announced in February, dangled financial incentives to banks and mortgage servicers willing... Continue Reading »

AOL RealEstate on Facebook