Tag Archive for: unemployment rate

Rates Edge Higher Again; Normality? Will Rates Fall Further?

Mortgage interest rates edged higher again today, and the 10 Year Treasury is at its highest level since late March. Rates edged higher largely in response to a stronger than expected employment report; unemployment was expected to hit 20% but was instead at 13.3%. So, we are back to “normal” to some extent b/c mortgage […]Read More

3.3 Million Unemployment Claims & Rates UP! Why? Lenders Misleading Borrowers

3.3 million people filed for unemployment last week, shattering the previous record of 700,000 set in 1982. Normally, such news would send rates into a massive downward spiral – but not in today’s world. Rates remain higher primarily b/c of the extra risks involved with mortgages now. These risks are enormous and include job losses […]Read More

Strong Employment Report; Rate Discussion

Rates increased again this morning in response to a strong employment report. Job creation was up more than expected; the unemployment rate dropped more than expected, and wage rates increased more than expected. This surprisingly strong report makes it more likely that the Fed will actually raise rates in December, but we’ve heard this before […]Read More