Mortgage charges dip for first time since January and different enterprise tales

Mortgage charges drop in previous week

Mortgage charges fell for the primary time in additional than two months as patrons proceed to be stifled by excessive costs and restricted provide.

Mortgage purchaser Freddie Mac reported Thursday that the benchmark 30-year mortgage price dipped to three.13% this week from 3.18% final week. At this time final yr, the long-term price was 3.33%.

The price for a 15-year mortgage, widespread amongst these seeking to refinance, fell to 2.42% from 2.45% final week. One yr in the past it was 2.77%.

Mortgage charges have been traditionally low for years, however sturdy demand and low stock have pushed costs increased.

Last week, the National Association of Realtors reported that its index of pending house gross sales tumbled 10.6% in February, its lowest stage since May of 2020. Contract signings are actually barely behind the place they have been final yr after eight straight months of year-over-year positive factors.

 

Tennessee gives free on-line job coaching

Tennessee employees displaced by the financial disruption brought on by COVID-19 can enroll in free on-line courses to advance their talent set by a state partnership with Coursera, one of many world’s main on-line studying platforms.

Through the Coursera Workforce Recovery Initiative, unemployed Tennesseans have free entry to 4,000 programs that can assist them develop the information and abilities wanted to search out significant employment. Coursera companions with 200 of the world’s main college and business educators to supply programs educating job-relevant abilities throughout enterprise, know-how, and information science.

“This type of training and education helps develop a stronger workforce development pipeline across the state,” stated Jeff McCord, commissioner for the Tennessee Department of Labor and Workforce Development. “Coursera provides courses for Tennesseans to learn new, marketable skills so they can advance their careers or start down the path to a new career.”

Through this partnership, Tennesseans can earn skilled certificates from main firms like Google.

To register, Tennesseans have to create an account at Jobs4TN.gov.

 

Netflix positive factors rights to high Sony movies

Netflix additional beefed up its movie catalog on Thursday in a multi-year deal that can make it the brand new streaming house to Sony Pictures’ high releases within the U.S.

Beginning subsequent yr, Sony’s new movies will stream domestically on Netflix after their theatrical runs. That consists of films in widespread franchises like “Spider-Man,” “Venom” and “Jumanji,” in addition to 2022 releases like “Morbius,” “Where the Crawdads Sing,” “Uncharted” and “Bullet Train.”

The settlement additionally offers Netflix a first-look possibility on any movies the Culver City, California-based studio elects to ship on to streaming.

— Compiled by Dave Flessner

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