Tag Archives: mortgage rates
Surprising jobs report
The July jobs report was better than expected but still not good enough. Continue reading
Blah jobs report good for rates
The economy is recovering at a snail’s pace –maybe a little slower. But that’s good for mortgage rates. Continue reading
More jobs, higher rates — maybe
The economy added 243,000 jobs in January. That’s the biggest gain since April and more than analysts had expected. The unemployment rate also fell slightly to 8.3 percent.
Great news! But not good enough to cheer up the 12.8 million people who remain … Continue reading
Big whoop from the BLS
We got relatively good news from the December employment report, released today by the Bureau of Labor Statistics. But it had little immediate effect on the mortgage market. That’s even better news.
The economy created 200,000 more jobs than it destroy… Continue reading
Rates yawn to jobs report
Bad news: The Labor Department says the economy added only 80,000 jobs in October. That’s short of the 95,000 jobs that economists had expected.
Good news: The unemployment rate dipped to 9 percent after it had been stuck at 9.1 percent since April. An… Continue reading
Rates may rise on jobs report
The U.S. labor market has shown signs of improvement. Employers added 103,000 jobs in September. That’s substantially better than the 60,000 jobs many economists had predicted.
Good for the economy. Not so good for mortgage rates.
Revised figures for A… Continue reading
Mortgage rates bounce up
Mortgage rates have bounced back from their record lows last week.
After the Fed announced plans last Wednesday to implement Operation Twist and buy $400 billion in long-term securities, many in the mortgage industry expected rates to fall. They tumble… Continue reading
Mortgage rates bounce up
Mortgage rates have bounced back from their record lows last week.
After the Fed announced plans last Wednesday to implement Operation Twist and buy $400 billion in long-term securities, many in the mortgage industry expected rates to fall. They tumble… Continue reading
Low rates, but not for you?
You’ve shopped around and finally zeroed in on a low mortgage rate. Your credit is stellar and you’re ready to pull the trigger. Trouble is, the lender has no incentive to give you the advertised lowest rate and offers a rate a full percentage point hi… Continue reading
Can low rates last?
Now that President Barack Obama has averted the first-ever U.S. default by signing off on a higher U.S. debt ceiling, the country is returning its focus to the sluggish economic and housing recovery. A consequence of plummeting Treasury yields surround… Continue reading