Mortgage markets worsened last week for the first time in a month last week.
Friday morning, at 8:30 AM ET, the government releases its Non-Farm Payrolls report for September. Mortgage rates may rise if job growth was strong.
Mortgage markets improved last week for the second consecutive week.
Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report. If you're actively shopping for a mortgage, today may be a prudent day to lock a mortgage.
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.
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.
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.
When jobs come back, analysts say, so does the economy. That should push mortgage rates higher.
It's a risky time to be without a locked mortgage rate -- especially with the pending release of January's Non-Farm Payrolls report.
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.