For Thursday and Friday, expect jobs data to dictate where mortgage rates are headed.
October Jobs Report Blows Away Estimates; Mortgage Rates Falling
Mortgage rates are performing surprisingly well after Friday’s release of the October 2012 Non-Farm Payrolls report.
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.
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.
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.