It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report. [...]
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Mortgage markets improved last week during a holiday-shortened trading week. [...] At 8:30 AM ET Friday, the government’s Bureau of Labor Statistics will release its November Non-Farm Payrolls report. Have you been floating a mortgage rate? It may be time to lock. [...] Within the next 48 hours, mortgage rates may get bouncy. The Federal Open Market Committee will adjourn from a 2-day meeting and October’s Non-Farm Payrolls report is due for release. Of the two market movers, it’s the Non-Farm Payrolls report that may cause the most damage. [...] Mortgage rates are prepped to make big moves in the next 36 hours. Is it time for you to call in your rate lock? [...] Mortgage markets improved last week on a weak jobs report, expectation for new market stimulus, growing evidence of a global economic slowdown. Rates were especially volatile, too, with the long Labor Day Weekend looming. [...] This week, mortgage rates will be jumpy. As well as a full slate of economic data, because of Labor Day, bond markets will be light on volume. When volume is light, pricing gets volatile. [...] Mortgage markets were especially volatile last week, falling to new 2011 lows before sharply rising higher. [...] 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. [...] Last week marked the 3rd consecutive week through which conforming mortgage rates dropped, the longest such streak since February. This week, the jobs report is due. [...] |
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