Been shopping for a mortgage rate? You may want to lock something down. Tomorrow morning, mortgage rates are expected to change. Unfortunately, we don’t know in which direction they’ll move.
Category Archives: The Economy
Homes Get More Affordable On March Jobs Data
Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs.
Jobs Report Due Friday; Mortgage Rates Expected To Change
If you’re out shopping for a home this week, or trying to lock a mortgage rate, with Friday comes home affordability risk. Consider locking your mortgage rate today.
Mortgage Rates Climb Sharply After Retail Sales Report
The U.S. economy is expanding, fueled by a renewed consumer optimism and increased consumer spending.
Fewer Jobless Claims Suggests Higher Home Prices Ahead
Economists believe the strength of the 2012 housing market will be closely tied to jobs. If they’re right, the housing market is ripe for a boost.
Home Affordability Threatened By Friday’s Jobs Report
It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report.
Home Affordability Set To Worsen On Thursday’s Retail Sales Data
Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers, it may also lead to higher mortgage rates later this week.
Lock Your Mortgage Rate : New Loan Fees Expected Within Days
Starting soon, nearly all home buyers and refinancing households nationwide will pay higher mortgage loan fees. Congress has made it law.
Are You Locked ? Friday’s Job Report Will Make Mortgage Rates Move.
If you’re floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET.