Unemployment and Interest Rates Both Fall

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Mortgage and Lending with Guaranteed Rate Mortgage

Unemployment and Interest Rates Both Fall

Mortgage Rates FallThis morning it was announced that the US added 243,000 more jobs in January, the most jobs added since March and April of 2011. Unemployment followed suit and dropped to 8.5%; marking January as the fifth consecutive month unemployment has fallen. With these stats exceeding economists’ expectations, the market got off to a great start.

To add onto the good news, mortgage rates dropped to the lowest they’ve ever been in the entire 40 year history of the Freddie Mac Primary Mortgage Market Survey, shortly after the president announced details about his proposal to enable millions of homeowners the chance to refinance. At this time last year, borrowers were ecstatic to get a rate around 4.8%, and today we find rates almost a whole point lower.

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Ambassador
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Florida Tolbert Team of Keller Williams Realty Port St Lucie, FL
Keller Williams Realty of Port Saint Lucie - Port St Lucie, FL
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Okay folks.  Let's reiterate, LOWEST UNEMPLOYMENT since Obama took office from Bush and lowest interest rates in 40 years and in many markets more business than the last 6 years, and rising prices.

I think we can no longer ignore the facts... Our President is making a difference in spite of the congressional resistence. 

Many news leaders have already started whispering that if the economy is on an absolutely positive track by the general election, it will be a purely academic election as no matter who you run against Obama. 

Feb 03, 2012 02:55 PM #1
Rainmaker
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Patrick White
Home Driven Realty, Inc - Baldwin, NY
Put our 30 years experience and technolgy to work

Good Evening Chad

Thanks for the post and good news. Have a great day

Feb 03, 2012 03:53 PM #2
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Chad - This is very good news, unemployment and interest rate fall at the same time.

Feb 03, 2012 04:08 PM #4
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Chad Ronning

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