New York, NY -- (ReleaseWire) -- 04/12/2013 --Freddie Mac (OTC:FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates edging down for the second consecutive week following weak employment reports. The average 30-year fixed-rate mortgage at 3.43 percent this week remains near its 65-year record low and continues to provide support for the housing recovery.
"Mortgage rates fell further this week following a lackluster employment report for March. The economy added just 88,000 net new jobs last month, about one-third as many as February and the fewest since June 2012. In addition, approximately 496,000 people left the workforce causing the unemployment rate to fall to 7.6 percent. Further, average hourly earnings were unchanged in March, indicating income growth remains tepid."
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AMR Corporation (OTC:AAMRQ)’ subsidiary American Airlines launched new service to Dusseldorf, Germany, from its hub at Chicago O'Hare International Airport, adding a new destination to American's global route map. The new flight, operated with a Boeing 767-300 aircraft with 28 Business Class seats and 184 Main Cabin seats, offers customers the opportunity to conveniently travel to Germany and to nearby Belgium and the Netherlands.
"The ability to reach foreign markets with direct flights has a profound effect on our economy," said Chicago Department of Aviation Commissioner Rosemarie Andolino. "It represents a great opportunity to grow business and tourism. In fact, the annual economic impact to the Chicago area from this new service is estimated at $125 million.”
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