Mortgage rates improved last week for the first time in 3 weeks.
Been shopping for a mortgage rate? You may want to lock something down. Tomorrow morning, mortgage rates are expected to change. Unfortunately, we don’t know in which direction they’ll move.
Mortgage markets were mostly unchanged last week for the second straight week.
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.
If you’re out shopping for a home this week, or trying to lock a mortgage rate, with Friday comes home affordability risk. Consider locking your mortgage rate today.
Mortgage markets improved last week on renewed concerns of a European debt default, and Federal Reserve rhetoric.
When jobs come back, analysts say, so does the economy. That should push mortgage rates higher.
Mortgage markets worsened last week as the U.S. economy continued to show that it’s in recovery, and as Federal Reserve Chairman Ben Bernanke publicly hinted at the same.
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