Learn English: Jobs and Your House! (easy)

2 weeks, 4 days ago

Jobs and Your House!

Imagine the government counting how many grown-ups have jobs; those numbers are very important.

These numbers help decide if the interest rates for home loans go up or down.

Lots of people working means higher rates, making home loans more expensive for families.

Fewer people working might mean lower rates, so it could be easier to buy a new house.

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Source

Original: CNET

Tags

#Mortgage Rates #Federal Reserve #Interest Rates #Employment Data #Economy

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