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Incline Village Mortgage Rates and Incline Village Home Loans – End of Day – January 30, 2014

Incline Village Home Loans, Incline Village Mortgages, Incline Village Mortgage Rates and Incline Village Home Loan Rates:

Economic news was abundant today with some key reports regarding housing, the labor markets and economic growth. The government reported that Gross Domestic Product (GDP) in the fourth quarter of 2013 rose by 3.0% due in part to a burst in consumer spending and ramped up business investments. The 3.0% is down from the 4.1% recorded in the 3rd quarter of 2013. GDP is measured by the output of goods and services produced by labor and property located in the U.S.

The Labor Department reported that Americans filing for first time unemployment insurance rose in the latest week. Weekly Initial Jobless Claims rose by 19,000 in the latest week to 348,000 and above the 325,000 expected. The extreme cold weather coupled with the Martin Luther King, Jr. holiday could have contributed to the some of the increases. The four week moving average of claims, which irons out seasonal abnormalities, rose 750 to 333,000.

Over in housing Pending Home Sales, contracts signed but not closed, fell by 8.7% in December to its seventh straight monthly decline. The National Association of Realtors said that unusually disruptive weather last month in large stretches of the nation kept potential buyers from looking at homes and making offers. In addition, home prices are rising faster than incomes in addition to a lack of inventory of homes.

 

GDP declines in Q4 2013. Weekly Jobless Claims rise. Pending Home Sales plunge.

 

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The government reported that Gross Domestic Product (GDP), economic growth, in the fourth quarter of 2013 rose by 3.0% due in part to a burst in consumer spending and ramped up business investments. The Labor Department reported that Americans filing for first time unemployment insurance rose in the latest week. Pending Home Sales, contracts signed but not closed, fell by 8.7% in December to its seventh straight monthly decline.

 

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Economic news was abundant today with some key reports regarding housing, the labor markets and economic growth. The government reported that Gross Domestic Product (GDP) in the fourth quarter of 2013 rose by 3.0% due in part to a burst in consumer spending and ramped up business investments. The 3.0% is down from the 4.1% recorded in the 3rd quarter of 2013. Weekly Initial Jobless Claims rose by 19,000 in the latest week to 348,000 and above the 325,000 expected. Over in housing Pending Home Sales, contracts signed but not closed, fell by 8.7% in December to its seventh straight monthly decline.