Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again.
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.
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.
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.
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
U.S. News and World Report lists Oklahoma City among the top 10 in its’ “America’s Best Places to Find a Job in 2009”! The article states that no American city has been immune to the economic downturn, but several stood out as steady performers. Not necessarily marked by steep job growth in recent years, steadiness […]