Market News At A Glance

Marketwatch

Jobless claims fall to lowest level since mid-May

Jobless claims stay low in latest week

Consumer credit growth soars in December

CNBC Real Estate

Mortgage rates hit the highest level in a month, causing first-time homebuyers to drop out
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out.

Mortgage lenders now have more credit score options. What homebuyers should know
Lenders are beginning to use VantageScore 4.0, which factors in consumer data not currently considered in the score that's been used with mortgages for decades.

Warsh's take on Fed independence is met with confusion and some concern
Fed chair nominee Kevin Warsh is putting his own spin on the independence of monetary policy. Many former Fed officials aren't sold.

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