[mEDITate-OR:
not compare the Good News (interest rates down)
with the Bad News (new jobless claims up) again.
What you DO need to see in these two latest charts
is the fact that both show U.S. that for most of 09
both of them declined, substantially.
AND
that for all of 10 so far this year, they are basically FLAT
AND
that last week job losses when up & rate dropped.
What that means is that this is NOT a so-called "V" recovery, that it is NOT yet a "U" recovery, and it might actually be an "L" shaped recovery.
That is NOT very good news.
True, it may not get much worse, might or might not.
But, it also may not get any better..., for months....
or even years....!!!
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New jobless claims rise unexpectedly
The largest rise in three months shows precarious labor market
The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months.
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Mortgage rates fall to lowest level of the year
National average for a 30-year fixed loan is slips slightly to 4.84 percent
Mortgage rates fell to the lowest level of the year this week, as rates fell on U.S. government securities. The average rate on a 30-year fixed rate mortgage dipped to 4.84 percent.
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