Tag: monthly jobs report
Rate Update July 2, 2009
In yesterday’s ‘rate update’ we recommended floating rates into today’s jobs report and fortunately our advice paid off. Both fixed rates and ARMs are down significantly this morning. FHA rates remain unchanged. Analysts’ expectations were for 363,000 jobs lost last month. The report issued this morning showed that the economy lost over 100,000 more than [...]
Posted: July 2nd, 2009 under Rate Update.
Tags: monthly jobs report, mortgage rates, Rate Update, should I lock or float my interest rate?
Comments: 1
Rate Update July 1, 2009
Mortgage rates are unchanged from yesterday and are expected to remain here until tomorrow’s monthly jobs report. Click this link to learn why the jobs report is such an important economic report for mortgage rates. Given the current condition of the economy it’s expected that tomorrow’s jobs report will be ugly which would ordinarily help [...]
Posted: July 1st, 2009 under Rate Update.
Tags: monthly jobs report, Rate Update
Comments: 1