Mortgage rates are unlikely to change much in reaction to the January employment report, released this morning.
Learn the different mortgage payment methods and how to tighten your grip on your wallet, today on Bankrate.com.
On Friday, good news came in the form of the nonfarm payrolls report, which showed a growth in private jobs of 243,000 and a decrease in the unemployment rate to 8.3 percent. Investors rejoiced, and the Standard & Poor’s 500 index finished Friday up 1.46 percent from the previous day’s close. Last week’s release from
And so the holiday season ended for millions of Americans, clinking champagne flutes and slurring their way through a rousing rendition of “Auld Lang Syne.” Considering the economic news of last week, perhaps 2011 should have been greeted with a different theme song. The Knack’s 1979 hit ”Frustrated” seems particularly appropriate. Because in the first
Maybe the problem isn’t that there aren’t enough jobs. Perhaps there are simply too many people. How else do you explain the economic trends reported last week? Let’s review a few economic stats real quickly: Friday-after-Thanksgiving retail sales: solidly in the black. Cyber Monday: out of this world. Economic growth: inflating like a balloon in
Like the life of a male praying mantis, this week’s economic calendar is brief and uneventful until it ends with a bang. Friday morning brings us the May employment report. It’s the week’s most important report when it comes to mortgage rates. According to Briefing.com, the consensus is that the report will say that nonfarm