It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report.
It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report.
Mortgage markets improved last week during a holiday-shortened trading week.
Mortgage rates are prepped to make big moves in the next 36 hours. Is it time for you to call in your rate lock?
Mortgage markets improved last week on a weak jobs report, expectation for new market stimulus, growing evidence of a global economic slowdown. Rates were especially volatile, too, with the long Labor Day Weekend looming.
This week, mortgage rates will be jumpy. As well as a full slate of economic data, because of Labor Day, bond markets will be light on volume. When volume is light, pricing gets volatile.
If the thought of rising Orlando mortgage rates makes you nervous, call your loan officer and lock in a rate today.
Last week marked the 3rd consecutive week through which conforming mortgage rates dropped, the longest such streak since February. This week, the jobs report is due.
In a volatile week of trading, mortgage markets closed unchanged last week.
Mortgage rates worsened 3 days in a row last week for the first time since late-April.
Non-Farm Payrolls is the official name of the government’s monthly jobs report and, given the fragile state of the U.S. economy, Wall Street will be watching it closely. Mortgage rates could spike come Friday morning.