Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you’re currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report’s release. Often, by a lot.
Entries Tagged as 'The Economy'
Economy Expected To Have Added 80,000 Jobs In June
July 7th, 2011 · Comments Off on Economy Expected To Have Added 80,000 Jobs In June
Tags: The Economy
Mortgage Rates Surge On May Retail Sales Figures
June 15th, 2011 · Comments Off on Mortgage Rates Surge On May Retail Sales Figures
Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It’s an all-time high and another example of the U.S. economy’s resiliency.
Tags: The Economy
Making A Rate-Lock Plan Before Friday’s Jobs Report
June 2nd, 2011 · Comments Off on Making A Rate-Lock Plan Before Friday’s Jobs Report
Tomorrow morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its Non-Farm Payrolls report for May. If you’re floating a mortgage rate right now — or are in the process of shopping for a loan — consider locking in.
Tags: The Economy
Rising Retail Sales Threaten Low Mortgage Rates
May 13th, 2011 · Comments Off on Rising Retail Sales Threaten Low Mortgage Rates
Thursday, the Census Bureau released the April Retail Sales report. Excluding cars and auto parts, retail receipts rose for the 10th straight month and, at $321 billion, reached an all-time high.
Tags: The Economy
Job Growth Returning To “Normal” Levels — A Bad Sign For Mortgage Rates
May 5th, 2011 · Comments Off on Job Growth Returning To “Normal” Levels — A Bad Sign For Mortgage Rates
Be prepared for Friday morning. Mortgage rates and home affordability could worsen quickly. At 8:30 AM ET, the Bureau of Labor Statistics releases its April Non-Farm Payrolls report and momentum has been strong.
Tags: The Economy
Inflation Pressures Mounting; Mortgage Rates Rising
April 14th, 2011 · Comments Off on Inflation Pressures Mounting; Mortgage Rates Rising
The March CPI data is expected to show an increase in the cost of living for the 17th straight month — a reading that would take CPI to an all-time high. This would be awful for mortgage rates.
Tags: The Economy
Retail Sales Report Should Spell Higher Mortgage Rates For Wednesday
April 12th, 2011 · Comments Off on Retail Sales Report Should Spell Higher Mortgage Rates For Wednesday
Wednesday, the Census Bureau will release its March Retail Sales figures and the report is expected to show higher sales receipts for the 9th straight month. A strong reading like that should spell higher mortgage rates nationwide.
Tags: The Economy
Lock Now? Friday’s Job Report Expected To Push Mortgage Rates Up.
March 31st, 2011 · Comments Off on Lock Now? Friday’s Job Report Expected To Push Mortgage Rates Up.
Friday, analysts expect to count another 190,000 jobs created. If the actual figure falls short, expect mortgage rates to ease. Otherwise, look for rates to rise. Probably by a lot.
Tags: The Economy
10 U.S. Cities With The Steepest Rent Increases (2010)
March 23rd, 2011 · Comments Off on 10 U.S. Cities With The Steepest Rent Increases (2010)
The average apartment vacancy rate is 6.6% nationwide, down from 8.0% last year, and the number of occupied apartments rose by more during Q4 2010 than during any comparable period of the last 10 years. It’s a major reason why rents are up 2.3%.
Tags: The Economy