GGN- Economic News :: November 5, 2010

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . PLEASE SUBSCRIBE!!! (Reuters) - Gold prices rose to an all-time high within a few dollars of 00 an ounce on Friday as the US Federal Reserve's program to resume buying government bonds stoked inflation worries. - (Realestate.com) Renting is expected to become even more expensive due to a boost in population and a shortfall of new homes being built. For people caught up in the rental cycle, the process of securing a property at a reasonable price is likely to become trickier over the next year, a series of recent rental surveys show. - (Press TV) New records show the US homeownership during the third quarter has remained steadily unchanged, continuing to languish at its lowest level in almost 11 years. According to latest figures published by the United States Census Bureau -- a leading source of data about America's people and economy -- the number of Americans living in homes they own has shrunk to 66.9%, the lowest level since 1999. - (Bloomberg) More Americans than forecast filed applications for unemployment benefits last week, showing the labor market will take time to improve. Jobless claims rose by 20000 to 457000 in the week ended Oct. 30 from a revised 437000 the prior week, Labor Department figures showed today in Washington. The total number of people receiving unemployment insurance fell, while those on extended payments increased. - (Wall Street Journal) The total cost to rescue and then overhaul mortgage giants Fannie Mae and Freddie Mac could reach 5 ...

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