If you've ever wondered how the Non-Farm Payroll report affects mortgage rates, we have the answer for you. In general, the report looks at the number of jobs gained or lost in the last month (not including jobs related to the farming industry). An increase in jobs tells us the economy is doing well, which in turn will likely lead to an increase in mortgage rates.
So, why are farm related jobs not included in the report? You can find that answer as well as what is currently going on with mortgage rates in this week's Realtor Snapshot. Just click the photo below.
(Keep in mind that this page is updated weekly, so if you do not see the information you are looking for please contact us and we will get you what you need!)
Now that you know how the Non-Farm Payroll report affects mortgage rates, please pass the information along to anyone that may find it of use.