Business Briefs: Bob Corker says NLRB should keep vote

Business Briefs: Bob Corker says NLRB should keep vote

March 7th, 2014 by Associated Press and Staff Report in Business Around the Region

U.S. Sen. Bob Corker

Photo by Associated Press/Times Free Press.

Corker says NLRB should keep vote

U.S. Sen. Bob Corker said Thursday that the National Labor Relations Board has never overruled an election due to so-called interference by politicians as the United Auto Workers wants done at Volkswagen's Chattanooga plant.

"It would be unprecedented if the NLRB overrules an election for that reason," Corker said during an interview on Fox and Friends.

He said the UAW has been given until Friday to file additional arguments to its appeal of the VW vote. In February, VW workers voted 712 to 626 to not align with the UAW.

"Even though this is [President Barack] Obama's NRLB, hopefully they will do the right thing here," Corker said.


Mortgage rates edge lower

Average U.S. rates on fixed mortgages fell after three weeks of increases, edging closer to historically low levels.

Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the 15-year mortgage fell to 3.32 percent from 3.39 percent.

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A report released Tuesday by real estate data provider CoreLogic showed that U.S. home prices rose 0.9 percent in January after three months of declines, as a tight supply of properties likely supported prices despite slower sales.