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Making A Rate-Lock Plan Before Friday's Jobs Report

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

 

Unemployment Rate

Tomorrow morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its Non-Farm Payrolls report for May. If you're floating a mortgage rate right now -- or are in the process of shopping for a loan -- consider locking your rate sooner rather than later.

The Non-Farm Payrolls report can be a major market mover, causing large fluctuations in both conforming and FHA mortgage rates in Lake Mary. It's because of the report's insight into the U.S. economy.

More commonly called "the jobs report", Non-Farm Payrolls is.....

 

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Making A Rate-Lock Plan Before Friday's Jobs Report

Comments(2)

Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Good Morning Chris, excellent input for buyers in the current market.

Jun 06, 2011 02:00 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Great tips for all the buyers and a good educational tool for agents to catch up on the market and what these reports mean...

Jun 06, 2011 02:05 AM