- Iran’s Rouhani: Israel, Islamic State are ‘tumors derived from the same origin’
- Rep. Tim Murphy: GOP knew HealthCare.gov would be an ‘unmitigated disaster’
- Political speak: Planned Parenthood dumps ‘pro-choice’ for ‘women’s health’
- U.S. attorney warns Cuomo not to interfere with anti-corruption probes
- Investigators reach Ukraine jet crash site
- Ohio gives Obama a thumbs down; Hillary Clinton tops GOP all-stars: poll
- Jesse Ventura suggests suit not over; HarperCollins could be next
- ‘No American is proud’ of certain CIA tactics: State Department
- Drug-filled drone crash outside S.C. prison sends police on alert
- GOP to Obama: Take your ‘golf cap off’ and get down to coal country
Question of the Day
Interest rates fall again, 30-year notes near record low
Fixed mortgage rates fell to at or near record lows. That’s good news for the few who can afford to buy a home or are able to refinance. But the rates have done little to lift the ailing housing market.
Freddie Mac said Thursday that the average rate for the 30-year fixed mortgage fell to 4.32 percent this week from 4.39 percent. The 30-year loan hit a record low of 4.17 percent in mid-November.
The average rate on a 15-year fixed mortgage, a popular refinancing option, fell to a record low of 3.50 percent, from last week’s record rate of 3.54 percent.
Aid applications at 395,000, a 4-month low for new claims
The number of people seeking unemployment benefits fell last week below 400,000 for the first time in four months, a sign that the job market may be improving slowly after a recent slump.
Applications for unemployment aid dropped by 7,000 to a seasonally adjusted 395,000, the Labor Department said Thursday. Applications had been above 400,000 for the previous 17 weeks.
The four-week average, a less-volatile figure, fell to 405,000, its sixth straight decline and the lowest level since mid-April. That suggests layoffs have eased.
The decline in applications helped lift stocks. The Dow Jones industrial average rose more than 85 points in the first hour of trading.
Applications fell in February to 375,000, a level that reflects healthy job growth. They soared to an eight-month high of 478,000 in late April, and have declined slowly since then.
There were fewer layoffs last week in the manufacturing, transportation and service industries, according to the report. Only nine states reported an increase in applications.
With 19 new 777 orders, backlog for planes grows
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
TWT Video Picks
By Ted Cruz
Israel saves its enemies; Hamas endangers its friends
- Al Gore's climate-changers at EPA hearings foiled by cool temperatures
- Geraldo Rivera: Matt Drudge 'doing his best to stir up a civil war'
- Chicken pox outbreak puts illegal immigrant facility on lockdown
- GOP report sees ties between rich donors, green 'nonprofits'
- NAPOLITANO: Is the president incompetent or lawless?
- Lois Lerner hated conservatives, new emails show
- EDITORIAL: The real Lois Lerner exposed in newly released emails
- House votes to sue President Obama over claims of presidential power
- Catholic League slams Obama: 'Do Christian lives mean so little to you?'
- 'Big Bang' star Mayim Bialik helps send bulletproof vests to IDF
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world