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Real Estate News Brief: Best-Ever Mortgage Rates, September Rent Collection, Housing Market “Sugar High”
In this Real Estate News Brief for the week ending September 12th, 2020... mortgage rates dipped into record territory once again, apartment rent collection numbers, and a housing market that is on a “sugar high.”
We begin with economic news from this past week, and a mixed report on the job market. The number of people applying for jobless benefits rose slightly this last week. Continuing claims were also slightly higher than they were the week before. But, the government reported a 1.4 million increase in newly created jobs, and an unemployment rate that fell from 10.2% to 8.4%.