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15 Yr FRM 3.16% 0.02%
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Notice: 'Top News' and 'Fed and Economy Watch', have been combined into a new channel called 'MND Newswire'. Check back daily for the latest housing and economic news.

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U.S. Real Earnings Rise in October

Average real wages in the U.S. grew 1.4% month-over-month in October, up from the previous month's 0.6% reading, according to data released by the U.S. Bureau of Labor Statistics on Wednesday.

The report also cited annual growth of 0.2% in real average hourly earnings, combined with a 1.2% drop in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Average weekly hours remained unchanged at 0.3% from September's level.

Meanwhile, average weekly earnings in October rose by 2.9% year-over-year, coming in at $612.19 compared to the previous year's $594.88 level.

By Steve Stecyk and edited by Nancy Girgis
©CEP News Ltd. 2008

Filed under: ,
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.85%
  • |
  • 15 Yr FRM 3.23%
  • |
  • Jumbo 30 Year Fixed 4.10%
MBS Prices:
  • 30YR FNMA 4.5 106-23 (-0-03)
  • |
  • 30YR FNMA 5.0 108-04 (-0-02)
  • |
  • 30YR FNMA 5.5 108-32 (-0-01)
Recent Housing Data:
  • Mortgage Apps -1.01%
  • |
  • Refinance Index 0.83%
  • |
  • NAHB Builder Confidence 16.00%

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.85%
  • |
  • 15 Yr FRM 3.23%
  • |
  • Jumbo 30 Year Fixed 4.10%
MBS Prices:
  • 30YR FNMA 4.5 106-23 (-0-03)
  • |
  • 30YR FNMA 5.0 108-03 (-0-03)
  • |
  • 30YR FNMA 5.5 108-32 (-0-01)
Recent Housing Data:
  • Mortgage Apps -1.01%
  • |
  • Refinance Index 0.83%
  • |
  • NAHB Builder Confidence 16.00%
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