Mortgage Rates Continue Losing Streak On Stronger Jobs Data

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Markets had been anxiously awaiting Friday's jobs data and the movement that followed was decisive. Mortgage rates rose to their highest levels in two weeks after the important Employment Situation Report suggested labor market conditions were improving more than forecast. Best-Execution for 30yr fixed, conventional loans is up to 3.375% again for many lenders while some remain at 3.25% and others still, have moved up to 3.5%. ( Read More:What is A Best-Execution Mortgage Rate? ) Interest rates tend to rise when data indicate the economy is growing at a faster-than-expected pace. Today's employment data accomplished this in several ways. The portion of the government's data collection efforts that relies on surveyed households indicated that more respondents found work in September than in...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com