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Articles tagged with: unemployment rate

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[20 Mar 2011 | No Comment | 1,663 views]
Purchase mortgage applications hit yearly high

The national Mortgage Bankers Association announced that purchase applications hit a yearly high during the first week of March.
Specifically, the purchase mortgage index was down 14.3 percent from the same week in 2010 but up 14.3 percent from the previous week. That particular index tracks the volume of national applications made by people wanting to purchase new homes. That 14.3 percent jump represents the highest number of purchase applications made this year.
Here are a couple of things worth mentioning. Bear in mind that the index is down compared to the …

Business, News, Real Estate »

[8 Jan 2011 | One Comment | 1,361 views]
Purchase mortgages up slightly

Want a bit of good news from the real estate industry for a change?
According to the national Mortgage Bankers Association, people are starting to come back slowly to the housing market. It’s hard to do “apples to apples” comparisons these days thanks to increased sales activity from April 2008 through April 2010, but the association has reported a trend that is somewhat encouraging – purchase mortgages increased three of the four months prior to November.
Furthermore, the association predicts that purchase originations should increase to $615 billion this year from $473 …

Business, Features and such, News »

[13 Dec 2010 | 5 Comments | 3,260 views]
Looking for work? Here are some local resources that might help

As anyone who has been paying attention is well aware, the economy is still a mess.
The Arkansas Department of Workforce Services reported the unemployment rate was 7.8 percent in October — up slightly over the 7.7 percent rate in September and up from 7.5 percent a year ago. Meanwhile, the national unemployment rate was 9.6 percent — down from 10.1 percent a year ago.
In short, Arkansas’ civilian workforce totals 1.34 million and 104,800 of those able-bodied employees are looking for jobs.
Beverly Smith, co-owner of Career Staffing Services (CSS) in North …