Call (248) 674-6450 For an Instant Pre-Approval!
by Trevor Sines

Mortgage rates held steady today, despite a key report from the Labor Department showing stronger-than-expected job creation in February.  Typically, a strong jobs report is bad for rates.  This one likely would have been bad as well, but markets got advance notice from another report earlier in the week.  

Remember Wednesday’s ADP data?  It thoroughly trounced the 190k expectation, coming in at 298k.  Given that the ADP data attempts to track/predict the Labor Department’s report, rates were able to rise preemptively before this morning’s data ever came out.  

…(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Your email address will not be published.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 *