Last week's economic news brought good news to U.S. consumers on several fronts. Mortgage rates fell and national unemployment fell to its lowest rate in 50 years. Inflation slowed and the Federal Reserve held its target federal funds rate steady.
Last week's economic reporting included readings on sales of new and pre-owned homes; weekly reports on mortgage rates and new jobless claims were also released along with a report on consumer sentiment.
Last week's economic news included readings on homebuilder confidence in housing market conditions, minutes of January's Federal Open Market Committee meeting, and existing home sales reported by the National Association of Realtors(R). Weekly readings on mortgage rates and new jobless claims were also released.