report: Today's Employment Report Disappoints as US Economy Sheds 85,000 Jobs in December - 01/08/10 12:54 AM
The unemployment report which I saw on CNBC stated that the US economy lost 85,000 jobs in the month of December which could mean the mortgage interest rates could come down a bit from their existing positions.
 
The mortgage interest rates have been going higher and higher since November 30, 2009.  The poor report today could cause a small drop in rates and that's what most home buyers will be hoping for.
 
In my opinion, lower rates could cause much mortgage rate lock activity as most borrowers and most mortgage professionals did not lock in before November 30th. 
 
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