The March Jobs Report is in - a whopping 80,000 jobs were lost in March making it the worst report in 5 years.  The unemployment rate ticked up from 4.8 to 5.1% and projections were at 5.0%.  Because of this negative news, bonds are currently up +44 basis points.  The rate for a No Money Down, 30-year fixed Loan Amounts over $170k is 5.75%. 

Have a GREAT weekend.

Santos

 
Posted by Santos Sanchez on 04/04/2008 09:41 AM   Comments (1)   mortgage rates, unemployment rate, jobs report  
This post has been included in Michigan Information

1 Comments on TGIF - UGLY Jobs Report decreases mortgage rates

APR
04
2008
1 Featured Post
Good news indeed!
9:48am • #1

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