The recent news reported that the number of people who filed initial requests for jobless benefits surged by 43,000 to a seasonally adjusted 474,000 in the week ended April 30, the Labor Department reported.
Economists surveyed had expected claims to decline to 412,000. Claims in the prior week were revised up slightly to 431,000.
This is good news for mortgage rates which have pulled back again over the last few days. It may not be too late after all to refinance and save money.
Call Today if you would like to discuss your options. 773-529-7000
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