Quizzle Weekly Must-Reads: May 6, 2012
Economic News that Affects Your Budget:
- The job market is getting better: Fewer Americans filed for unemployment benefits last week. New jobless claims were 365,000 which was less than economists expected.
- Mortgage rates fell to all-time lows: 30-year fixed interest mortgage rates were at an average of 3.84%.
- House prices are about to go up: There’s never been a better time to buy a home, with house prices down 34% since 2006. Many real estate market economists believe that housing prices are going to start going up by the end of 2012.
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Quizzle Links of the Week:
- Octomom files for Bankruptcy: What can we learn from the story of Nadya Suleman, who recently declared bankruptcy with over $1 million in debt from raising 14 children?
- Reality and Humor Collide at the White House Correspondents’ Dinner: See what Jimmy Kimmel had to say to President Obama about the economy. (53% of Americans believe the economy is still getting worse.)
- Are you getting caught by balance transfer traps? Transferring a credit card balance to a new card can be a good way to stay ahead of your debt, but you have to be careful…
- Munch’s “The Scream” fetches $120 million: A famous painting by Edvard Munch brought a record price at an auction this week. What can this tell us about America’s relationship with money and madness?
Quizzle Weekly Must Reads – May 6, 2012 was originally featured on Quizzle Wire
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