So far things have been fairly quiet and stable with mortgage rates this week in anticipation for today’s high risk event, The Jobs Report. Otherwise known as the Non-Farm Payrolls report, the Jobs Report is released on the first Friday of every month and provides analysts and market watchers with very important data about the health [...]

The Bureau of Labor Statistics released the Non-Farm Payrolls report (otherwise known as the “jobs report”) this morning. The numbers significantly disappointed the market, which is driving mortgage rates down. There is a possibility that mortgage rates could make up any ground they lost last week as they move downward. Non-Farm Payrolls Data Disappoints The jobs [...]

Mortgage rates improved yet again last week, yet again hitting and ending near all time historic lows. Last week was marked the FOMC meeting and their announcement that they would be continuing their projection of  ”exceptionally low rates” beyond 2013 into 2014. The market reacted and mortgage rates went lower. Events Affecting Mortgage Rates This [...]

The Bureau of Labor Statistics released unexptected  employment data this morning in the form of the “Jobs Report” resulting in a decrease in mortgage rates. Mortgage rates are senstiive to the jobs report because jobs are what provide the income that is spent to power the economy. The data released showed that Nonfarm payroll employment [...]

We end this holiday week with great news for mortgage rates and bad news for the economy as a whole as several key pieces of economic data disappointed. This morning, the Employment report showed that US employers hired significantly fewer employees than expected and the jobless rate increased to 9.1%. Earlier in the week, U.S. [...]