Have you ever wondered why a single report could have such a huge effect on mortgage interest rates? The non-farm payroll figure (a.k.a. NFP) represents the number of jobs added or lost in the economy over the last month, not including jobs relating to the farming industry. The farming industry is not included because its […]Read More Why does the Non-Farm Payroll report affect mortgage rates?
although rates are STILL at extreme historic lows this week has been anything but good for potential home buyers and those thinking of refinancing. mortgage rates, on average, are up ~20 basis points (that’s almost a quarter of a point in laymen’s). not to worry, this isn’t a death sentence – the Fed states they […]Read More Radio Cole AND what’s UP with rates??