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Mortgage News- Employment report stronger than expected

By
Mortgage and Lending with CMG Home Loans NMLS 248937

 

 

The first Friday of the month always brings the Employment report for the previous month.

July Non-farm Payrolls are reported up 255,000 -- with the jobless rate unchanged at 4.9%. May and June payrolls were revised up 18,000. 

This is a "Good News" Report... and if you were not aware- Good news is bad news for interest rates.

over all this has been a great week for interest rates - The Bank of England lowered rates on BREXIT worries and that helped keep our rates low- near the lowest levels ever for 30yr fixed rates (which should be much higher based on a 4.9% UE rate)

Other news this week:  CoreLogic predicts a 5.3% increase in home prices from June 2016- June 2017.

Low rates now, and climbing prices- What a GREAT time to buy!! (Just do not wait for rates and prices to go up before you do)

 

Have a great weekend

Rob


Robert Rauf 
Mortgage Loan Originator NMLS# 248937
 
http://www.homebridge.com/RobertRauf 

or my blog: http://activerain.com/blogs/rrauf 
Office: 
 
RRauf@HomeBridge.com
 
www.RobertRauf.com
 
 

Since 1987 I have been helping my clients fulfill their dream of home ownership! HomeBridge Financial Services, Formerly REMN, HomeBridge Financial Services is located at 16 Madison Avenue, Building 2 Suite 2D Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit www.Homebridge.com for more information. NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgage in Ocean County NJ, Mortgage in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731, Lacey 08731 08734, Beachwood Bayville , Manchester 08757 08733, Manahawkin 08050, Robert Rauf is a Licensed Mortgage Loan Originator in New Jersey.

Robert Rauf 
Mortgage Loan Originator NMLS# 248937
 
http://www.homebridge.com/RobertRauf 

www.RobertRauf.com

or my blog: http://activerain.com/blogs/rrauf 
Office: 
 
RRauf@HomeBridge.com
 
Since 1987 I have been helping my clients fulfill their dream of home ownership! HomeBridge Financial Services, Formerly REMN, HomeBridge Financial Services is located at 16 Madison Avenue, Building 2 Suite 2D Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit www.Homebridge.com for more information. NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgage in Ocean County NJ, Mortgage in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731, Lacey 08731 08734, Beachwood Bayville , Manchester 08757 08733, Manahawkin 08050, Robert Rauf is a Licensed Mortgage Loan Originator in New Jersey.

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