For Thursday and Friday, expect jobs data to dictate where mortgage rates are headed.
Mortgage rates are performing surprisingly well after Friday’s release of the October 2012 Non-Farm Payrolls report.
Mortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked.
Conforming mortgage rates edged higher last 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.
Mortgage rates dropped last week, but, this week, there appears to be more reasons for rates to rise than fall. Plan accordingly.
On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls report.
More commonly called “the jobs report”, the government’s data include raw employment figures and the Unemployment Rate.
The jobs report hit the wires at 8:30 AM ET today. It’s making big waves in the mortgage market and [...]
Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. This week, it’s back to normal.
Mortgage markets worsened again last week as the holiday-shortened sessions did little to buck recent momentum.
Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again.
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