Mortgage rates have been falling since April, shedding more than 1 percentage point since the Refi Boom began. Today, that momentum could lose some steam.
Category Archives: The Economy
Jobs Data Shows Private Sector Growth, Hints At Lower Mortgage Rates
According to the government, 95,000 jobs were lost in September. Economists expected a net loss of 5,000. Mortgage rates should improve on the data today.
Home Affordability Gets A Boost From Weak Back-to-School Retail Receipts
The recent rise in mortgage rates was slowed this week after the government released its Retail Sales report for August.
August 2010 Jobs Report Pushes Mortgage Rates Higher
On the first Friday of each month, the Bureau of Labor Statistics releases Non-Farm Payrolls data for the month prior. 54,000 jobs were lost in August.
Nervous About Mortgage Rates Rising? Lock Thursday — Ahead Of Friday’s Jobs Report
Analysts expect that a net 65,000 jobs were lost in July. Wall Street — and Main Street — have a big interest in those results.
Friday’s July Jobs Report Could Spur Mortgage Rates Higher