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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.
Conforming, FHA, and USDA mortgage rates are rising. Will Friday's jobs report make them spike?
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.
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.
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.
Many analysts believe that confidence correlates to spending. Looking at the trendline chart, they've got good reason -- there relationship between sales and confidence appears to be direct. But there's some analysis worth doing, too.
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.
