About 75 million jobs in the travel and tourism industry’ are at risk: CBS News Travel Editor – Yahoo Money




Business

Bloomberg

Mortgage Rates Slip While Home Sales Head for a Deep Freeze

The average rate for a 30-year fixed loan was 3.5%, down from 3.65% last week, Freddie Mac said in a statement Thursday. In an early sign of slipping demand, a index of applications for home-purchase loans tumbled 15% last week to its lowest level since August, according to the Mortgage Bankers Association. Home sales are going to drop, no matter what mortgage rates do, said Matthew Speakman, an economist at Zillow.