The December employment report brought mixed news for potential mortgage borrowers and homeowners.
The employment report released this morning is great news for the economy but not so much for mortgage borrowers.
The government’s latest employment reading shows hiring was better than expected during June.
The jobs report could have pushed rates higher today but it hasn’t yet thanks to the European Central Bank.
Mortgage rates didn’t move after investors realized that the jobless rate plunged because the workforce shrank.
The Labor Department says 175,000 jobs were added last month, while the unemployment rate rose.
This morning’s February employment report had mixed news for the economy and for mortgage borrowers.
The puzzling December jobs report may bring some good news to homebuyers and homeowners seeking to get a low mortgage rate.
Those looking for work should expect hiring to accelerate this year and the quality of jobs to improve.
The November employment report brings good news to the economy but should serve as a wake-up call to mortgage borrowers.