(Bloomberg) — U.S. mortgage rates fell for the first time in three weeks. But for would-be homebuyers frozen in fear of an economic meltdown, borrowing costs are no longer a prime concern.
The average rate for a 30-year fixed loan was 3.5%, down from 3.65% last week, Freddie Mac said in a statement Thursday.
Unemployment claims jumped today to the highest ever.
Pennsylvania and Ohio lead the nation in unemployment (jobless) claims.
Did someone say Deep Freeze?