Freddie Mac reported long-term mortgage rates remaining stable and low this week. The 30-year fixed-rate mortgage (FRM) averaged 5.01%, up from last week when it averaged 4.98%.
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Despite all of the negative press of Toyota's recent vehicle recall, stemming from a problem with accelerator pedals, the company posted rising third-quarter profits this week.
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Treasurys rose Friday on reports of a decline in U.S. unemployment, although the economy lost 20,000 jobs in January. The unemployment rate fell from 10% to 9.7% in January according to the Labor Department report.
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