Friday, analysts expect to count another 190,000 jobs created. If the actual figure falls short, expect mortgage rates to ease. Otherwise, look for rates to rise. Probably by a lot.
Category Archives: The Economy
10 U.S. Cities With The Steepest Rent Increases (2010)
The average apartment vacancy rate is 6.6% nationwide, down from 8.0% last year, and the number of occupied apartments rose by more during Q4 2010 than during any comparable period of the last 10 years. It’s a major reason why rents are up 2.3%.
Make A Mortgage Rate Plan BEFORE Friday’s Jobs Report
Mortgage rates could move higher beginning tomorrow morning. The Bureau of Labor Statistics releases its February jobs report at 8:30 AM ET.
Retail Sales Rise For 7th Straight Month; Mortgage Rates Worsen
If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Retail Sales is higher for 7 straight months and is now at an all-time high.
Unemployment Rate Drops To Lowest In 2 Years
This morning, at 8:30 AM ET, the Bureau of Labor Statistics released its Non-Farm Payrolls report for January 2011. Mortgage rates are rising in response.
Retail Sales Weak In December; Home Affordability Gets A Boost
Mortgage rates are easing lower this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010.
December’s Job Report : Good For Home Affordability
For this month — and for the rest of 2011– employment data will figure big in mortgage markets and for home affordability. Today’s release is the first big splash.
Housing And Mortgage Predictions For 2011
With 2010 coming to a close, the “experts” are out in full force, making predictions for next year’s housing and mortgage markets on business television and in the papers.
Mortgage Rates Spike On Strong Retail Sales Data. Could 4 Percent Rates Be Done?
Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end.