Unemployment RateMortgage rates moved higher Wednesday up congressional leaders voted to avoid the "Fiscal Cliff".

Mortgage-backed securities (MBS) fell as investors bid up stock prices. Confidence among investors and consumers typically causes mortgage rates to rise. That's what happened Wednesday.

For Thur...

03.01.13 04:45 PM - Comment(s)

U.S. Non-Farm Payrolls 2010-2012

Another month, another good showing for the U.S. economy.

Mortgage rates are performing surprisingly well after Friday's release of the October 2012 Non-Farm Payrolls report. The Bureau of Labor Statistics' monthly report beat Wall Street expectations, while also showing a giant revision to the previ...

06.11.12 04:45 PM - Comment(s)
Jobs in focus this weekMortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked. There was little surprise in U.S. economic data and the unfolding story lines of the Eurozone continued unabated. Mortgage rates in Virginia worsened slightly on the news, climbing for the first time in two wee...
29.05.12 03:45 PM - Comment(s)
Homebuilder ConfidenceMortgage markets worsened slightly last week as positive U.S. economic news overshadowed growing concerns for the Eurozone's future. Political and economic issues continue to weigh on Greece and Spain, and it's still unknown how France's new President will change that nation's fiscal direction. Conf...
14.05.12 03:45 PM - Comment(s)

Unemployment Rate

Americans continue to get back to work.

Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs.

The March report marks the 18th stra...

10.04.12 03:45 PM - Comment(s)

Initial jobless claims 2008-2012

Economists believe the strength of the 2012 housing market will be closely tied to jobs. If they're right, the housing market is ripe for a boost. It spells good news for Henrico home sellers and may mean the end of bargain-basement prices for buyers.

Since peaking in mid-2009, the number of U.S. wor...

14.02.12 04:45 PM - Comment(s)

Unemployment RateIf you're floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET.

The Non-Farm Payrolls report is more commonly called the "jobs report" and, lately, it'...

05.01.12 04:45 PM - Comment(s)
Fed Funds Rate 2008-2011Mortgage markets improved last week as optimism for a Greek Bailout program faded, triggering a global flight-to-quality assets. Fear of a Eurozone rift outweighed positive economic remarks from the Federal Open Market Committee and an in-line U.S. jobs report. Although the Federal Reserve said the ...
07.11.11 04:45 PM - Comment(s)

Greece may not get its aidMortgage markets improved last week on worries that Eurozone leaders would decline to send aid to Greece. These concerns overshadowed optimism for the U.S. economy, the result of several strong data points.

Conforming rates across Virginia eased, giving homeowners and rate shoppers yet another chance...

24.10.11 03:45 PM - Comment(s)
Eurozone trouble aids mortgage ratesMortgage markets improved last week as a weakening Eurozone and questions about the U.S. economy sparked a global flight-to-quality. Conforming and FHA mortgage rates improved for the second week in a row. The storylines should sound familiar by now. They are the same ones that have dictated the pat...
12.09.11 04:02 PM - Comment(s)

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