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.
Archive for the ‘The Economy’ Category
Make A Mortgage Rate Plan Ahead Of The Jobs Report
Posted: May 3, 2012 in The EconomyTags: Home Affordability, Jobs Report, Non-Farm Payrolls
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Homes Get More Affordable On March Jobs Data
Posted: April 10, 2012 in The EconomyTags: Jobs, Non-Farm Payrolls, Unemployment Rate
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.
Jobs Report Due Friday; Mortgage Rates Expected To Change
Posted: April 5, 2012 in The EconomyTags: Bureau of Labor Statistics, Jobs Report, Non-Farm Payrolls
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 Rates Climb Sharply After Retail Sales Report
Posted: March 15, 2012 in The EconomyTags: Census Bureau, Home Affordability, Retail Sales
The U.S. economy is expanding, fueled by a renewed consumer optimism and increased consumer spending.
Mortgage Rates Expected To Rise On A Strong Job Report
Posted: March 8, 2012 in The EconomyTags: Bureau of Labor Statistics, Non-Farm Payrolls, Unemployment Rate
When jobs come back, analysts say, so does the economy. That should push mortgage rates higher.
With Retail Sales And Consumer Confidence Rising, Home Prices Are Expected To Follow
Posted: February 15, 2012 in The EconomyTags: Home Affordability, Retail Sales, Survey of Consumers
If you have plans to buy a home in 2012, the best time to buy may be now. Today’s mortgage rates are low and so are the home prices — a combination that’s unlikely to last.
Fewer Jobless Claims Suggests Higher Home Prices Ahead
Posted: February 14, 2012 in The EconomyTags: Department of Labor, Initial Jobless Claims, Jobs
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.
Home Affordability Threatened By Friday’s Jobs Report
Posted: February 2, 2012 in The EconomyTags: Jobs Report, Non-Farm Payrolls, Unemployment Rate
It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report.
Home Affordability Set To Worsen On Thursday’s Retail Sales Data
Posted: January 11, 2012 in The EconomyTags: Consumer Spending, Non-Farm Payrolls, Retail Sales
Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers, it may also lead to higher mortgage rates later this week.
Lock Your Mortgage Rate : New Loan Fees Expected Within Days
Posted: January 10, 2012 in The EconomyTags: Congress, FICA, Payroll Tax
Starting soon, nearly all home buyers and refinancing households nationwide will pay higher mortgage loan fees. Congress has made it law.
