TGIF - UGLY Jobs Report decreases mortgage rates

Mortgage and Lending with FAMILY HOME LOANS



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.


Comments (1)

Joe Virnig
RE/MAX Gold Coast REALTORS, Ventura County, California - Ventura, CA
No Ordinary Joe
Good news indeed!
Apr 04, 2008 02:48 AM