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Weekly jobless claims post stunning decline to 199,000, lowest level since 1969

The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat...

Mortgage rates fell slightly, but weekly refinance demand dropped

People wait to visit a house for sale in Floral Park, Nassau County, New York.Wang Ying | Xinhua News Agency | Getty ImagesA slight reprieve from rising mortgage rates did nothing to invigorate mortgage demand. Total mortgage application volume fell 3.3% last week...