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Mortgage rates are falling after the April jobs report It's a Wall Street quirk, though --one that should self-correct shortly.
Many people that believe that a recovery in housing will be tied to a recovery in jobs. So far, the theory holds true.
Mortgage rates are down after the March jobs report despite 18 straight months of growth and 3.6 million jobs made since 2010. Exploit this.
Jobs and housing are driving the U.S. economy and, in turn, U.S. mortgage markets. Here's a recap of what's going on.
Mortgage rates are spiking right now as Wall Street begins to bet *with* the economy instead of against it. January's jobs report may be a tipping point.
The jobs recovery appears to have stalled. For rate shoppers nationwide, it's good news. Mortgage rates are dropping.
Is the job market better than they say? Mortgage rates sank after an unexpectedly-strong July jobs report.
There's a silver lining in the poor June jobs report. Mortgage rates are sinking. It's a good day to shop-and-lock.
Last year, a sagging, slowing U.S. economy is one reason why mortgage rates were so low. As those conditions reverse, it follows that mortgage rates should reverse, too. And they are.
Unemployment Rates are dropping and the economy is adding jobs. Mortgage rates will hit their highest levels of the year. It's time to lock a mortgage rate.
Employers are back to adding jobs and it will figure big in housing and mortgage markets in 2011. If you're planning to buy a home or refinance one, look out. More jobs might mean less purchasing power, and higher mortgage rates.
According to the government, 95,000 jobs were lost in September. Economists expected a net loss of 5,000. Mortgage rates are improving as a result of "the miss".
No matter what you think about your mortgage qualifications -- too little equity, too little income, too big of a loan size -- take 5 minutes out of your day to call your loan officer. Find out whether you qualify for a mortgage at today's rates. Sure, rates may fall lower, but, then again, they might not.
On the first Friday of every month, at 8:30 AM ET, the U.S. government releases the Non-Farm Payrolls report, except most people don't call it that. They call it "the jobs report". Tomorrow is the first Friday of the month. The jobs report has always been influential with respect to mortgage rates but, lately, it's of larger import. This is because Wall Street believes that jobs growth is the way forward for the economy. No jobs, no growth.
According to the government, the U.S. economy shed just 11,000 jobs in November, a 100,000 job improvement from October and the lowest tally since June 2007. Furthermore, the national Unemployment Rate dropped to 10.0 percent.The data is building economic optimism on Wall Street, forcing a retracement of the flight-to-quality bets made since October. These safe-haven bond buys dropped rates to their lowest levels of all-time last week. This week, not so much.There's a massive MBS sell-off in process. Rates unwound 3 weeks of improvement in the first 3 minutes of trading.
Despite ongoing job losses and a rising Unemployment Rate, the jobs report reinforces the notion that the recession may be ending soon, if it hasn't already.
This 90-second video discusses gives some rate-locking strategies in advance of this Friday's jobs report. With the housing market seemingly on the mend and Wall Street cutting the week short because of Labor Day, national employment statistics are about to take center stage.
