Business news

30-year rates fall to 3.79 percent


WASHINGTON — Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.

Mortgage buyer Freddie Mac says the rate on the 30-year loan dipped to 3.79 percent. That’s down from 3.83 percent last week and the lowest since long-term mortgages began in the 1950s.

The 15-year mortgage, a popular option for refinancing, declined to 3.04 percent. That’s down from last week’s 3.05 percent.

SRS veteran Webb named Fluor VP

Savannah River Site communications veteran Clifton Webb was named this week as the new vice president of corporate affairs for Fluor Corp.

Webb, with 35 years in government and public affairs roles, has most recently served as vice president of corporate communications for Savannah River Nuclear Solutions, a joint venture led by Fluor that manages SRS operations for the Energy Department.

Webb’s experience includes senior-level roles at DuPont. Webb began his career with the Energy Department at SRS and later became deputy director of external affairs.

Webb, whose new job begins June 1, will replace Fluor’s Lee C. Tashjian, whose retirement takes effect June 29.

Georgia jobless rate falls again

ATLANTA — Georgia’s seasonally adjusted unemployment rate has declined for the ninth consecutive month, state labor officials said Thursday.

Georgia’s April jobless rate of 8.9 percent marks the first time in more than three years the rate has dropped below nine percent, Labor Commissioner Mark Butler said.

The state’s unemployment rate was 9.8 percent in April a year ago.

The last time Georgia’s jobless rate was below nine percent was in February of 2009, when it was also 8.9 percent.

Industries showing growth included trade and transportation; leisure and hospitality; professional and business services; construction; and education and healthcare.

While the state gained jobs overall, state and local governments shed 3,300 jobs, state labor officials said.


Sat, 08/19/2017 - 01:11

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