Mixed Day Leaves Rates Slightly Higher
Call (248) 674-6450 For an Instant Pre-Approval!
by Trevor Sines

Mortgage rates were noticeably lower this morning as bond markets responded favorably to the important jobs report.  While the headline job growth was stronger than expected (typically bad for rates), wages came in much lower than expected and were revised lower for the previous report as well.  That was enough for most lenders to offer lower rates with today’s first set of rate sheets.  

Bond markets (which underlie rate movement) stayed strong throughout the morning.  Things changed in the afternoon when a member of the Fed (Williams) said the Fed may hike in March. 

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Share this article

Leave a comment

Your email address will not be published. Required fields are marked *