Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data
For Thursday and Friday, expect jobs data to dictate where mortgage rates are headed. Continue reading
Tag Archives: Jobs
October Jobs Report Blows Away Estimates; Mortgage Rates Falling
Mortgage rates are performing surprisingly well after Friday’s release of the October 2012 Non-Farm Payrolls report. Continue reading
Homes Get More Affordable On March Jobs Data
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. Continue reading
Fewer Jobless Claims Suggests Higher Home Prices Ahead
Economists believe the strength of the 2012 housing market will be closely tied to jobs. If they’re right, the housing market is ripe for a boost. Continue reading
Are You Locked ? Friday’s Job Report Will Make Mortgage Rates Move.
If you’re floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET. Continue reading
Strong Job Growth In July Trumped By Credit Downgrade
The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. Continue reading
A Mortgage Rate Strategy For July’s Jobs Report
At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If you’ve been watching mortgage rates fall to new all-time lows this week and fear a mortgage rate reversal, Friday could be the day. Continue reading
Retail Sales Rise For 12th Straight Month In June
The American Consumer will not be deterred. Despite worsening jobless figures and an increase in the Cost of Living, Retail Sales are climbing. Continue reading
Mid-Year Review : Were The Experts Right About The Market?
The year is half-over. It’s an opportune time to take stock of analyst predictions made at the start of the year, and to recognize that the “experts” can be wrong as often as they are right. Continue reading
Economy Expected To Have Added 80,000 Jobs In June
Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you’re currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report’s release. Often, by a lot. Continue reading