Mortgage Rates have been updated.
Reactions - the market got a major blow today with the jobs report coming out with 533,000 job losses in November. That’s the largest amount lost since 1974 and about 200,000 more than expected. I’ll have more later today (or tomorrow) with my Mortgage Market Week in Review. If you aren’t signed up for it, click on Mortgage Market Week in Review and fill in the box in the left column to sign up. It’s free and it’s a solid analytical look at what the markets have done in the last week.
Recommendations - Lock all loans. Volatility continues and I believe there is more pressure pushing up than down.
Stay tuned,
Last 5 posts in Mortgage Rates
- A Kick in the Stomach? by the Fed? - November 5th, 2009
- So... What did the Fed do? - November 4th, 2009
- Home Refinancers Save $3 Billion - November 2nd, 2009
- So, How's the Mortgage Market Today? - October 29th, 2009
- RateWatch October 28 - Sustainable? Depends on what you mean. - October 28th, 2009
- Stumble it!
- Categories: Mortgage Rates
Comments
1 Comment so far
JANE MUI
I WOULD LIKE TO RECEIVE INFO ABOUT MORTGAGE RATE. THANKS.