FOMC meeting this weekMortgage rates rose last week as investors gained confidence in the global economy. China and Europe posted better-than-expected manufacturing rates, U.S. Jobless Claims fell for the second straight week, and the worst of the European debt crisis appears to have passed. Last week's economic news pro...
28.01.13 04:45 PM - Comment(s)
The Bureau of Labor Statistics (BLS) Non-Farm Payrolls report for December exceeded Wall Street's expectations by 5,000 net new jobs, showing 155,000 positions created in December. The December tally raised the economy's 12-month total to 1.84 million net new jobs created nationwide. Jobs added in ...
09.01.13 04:45 PM - Comment(s)
Jobs data moves mortgage rates higherMortgage rates in Richmond rose during the first week of 2013. The fiscal cliff crisis was resolved prior to the market's opening Wednesday, when legislators voted to approve a deal. While many tax cuts were extended for taxpayers earning less than $450,000 annually, other facets of the fiscal cliff...
07.01.13 04:45 PM - Comment(s)

Jobs report is due Friday and could move mortgage ratesMortgage bonds improved last week, pushing mortgage rates lower in Virginia and nationwide.

Positive economic news and strong housing data was trumped by ongoing Fiscal Cliff discussions on Capitol Hill.

The "Fiscal Cliff" is meant to represent January 1, 2013 -- the date on which mandatory ...

31.12.12 04:45 PM - Comment(s)

Non-Farm PayrollsAccording to the Bureau of Labor Statistics (BLS) and its November 2012 Non-Farm Payrolls report, the U.S. economy added 146,000 net new jobs last month.

November's job growth exceeded Wall Street expectations of 90,000 jobs added for the month, and was a small increase from October's 138,000 jobs ad...

12.12.12 04:45 PM - Comment(s)

Non-Farm PayrollsFloating a mortgage rate? Consider getting locked Thursday.

ADP released its November 2012 Employment Report Wednesday in which the payroll-processing firm reported 118,000 new jobs created last month.

The company said the service sector created 114,000 new positions, the construction sector created 2...

06.12.12 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)

Unemployment RateFriday morning, the government's Bureau of Labor Statistics will release its Non-Farm Payrolls report, more commonly called the "jobs report".

Depending on how the jobs data reads, FHA and conforming mortgage rates may rise, or fall. This is because today’s mortgage market is closely t...

01.11.12 03:45 PM - Comment(s)
Rates rising on economyMortgage markets worsened last week for the first time in a month as the U.S. economy showed signs of improvement, and the Eurozone stepped closer to launching its $500 billion euro rescue fund. Conforming mortgage rates in Virginia rose last week on the whole -- even though Freddie Mac's Primary Mo...
09.10.12 03:45 PM - Comment(s)

Estimated Non-Farm Payrolls September 2012

It's a dangerous time for home buyers in Midlothian to be without a locked mortgage rate.

Friday morning, at 8:30 AM ET, the government releases its Non-Farm Payrolls report for September. More well-known as "the jobs report", Non-Farm Payrolls data has the power to move mortgage rates up o...

04.10.12 03:45 PM - Comment(s)
Jobs Report In Focus Mortgage markets improved last week for the second consecutive week. With no news coming from Europe, Wall Street was focused U.S. economic data and Federal Reserve Chairman Ben Bernanke's planned public speech from the Fed's annual retreat in Jackson Hole, Wyoming. Rate shoppers and home buyers in...
04.09.12 03:45 PM - Comment(s)

Non-Farm Payrolls Since July 2010

Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report. More commonly called "the jobs report", Non-Farm Payrolls is a monthly market-mover.

Depending on the strength -- or weakness -- of the data, mortgage rates will change. Perhaps sharply. Unfortuna...

05.07.12 03:45 PM - Comment(s)

Non-Farm Payrolls 2010-2012For the second straight year, the jobs market looks to be slowing into the summer.

Last Friday, in its monthly Non-Farm Payrolls report for May 2012, the Bureau of Labor Statistics reported 69,000 net new jobs created, plus a one-tick rise in the national Unemployment Rate to 8.2%.

2012 is shaping up ...

05.06.12 03:45 PM - Comment(s)
Unemployment RateAfter two weeks of no change, mortgage markets improved last week, pushing mortgage rates lower throughout Virginia. The majority of the improvements occurred Friday after the April jobs report failed to impress Wall Street, and after it became clear that the Eurozone's struggles with sovereign debt...
07.05.12 03:45 PM - Comment(s)

Non-Farm Payrolls 2000-2012

Been shopping for a mortgage rate? You may want to lock something down. Tomorrow morning, mortgage rates are expected to change. Unfortunately, we don't know in which direction they'll move. 

It's a risky time for Virginia home buyers to be without a locked mortgage rate.

The action begins at 8:3...

03.05.12 03:45 PM - Comment(s)
Fed Funds RateMortgage markets were mostly unchanged last week for the second straight week. Spain made few moves to allay concerns from its investors, the Federal Reserve did little to change its message on the U.S. economy, and newly-released economic data was in-line with expectations. Conforming mortgage rate...
30.04.12 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)

Non-Farm Payrolls estimateIf you're out shopping for a home this week, or trying to lock a mortgage rate, with Friday comes home affordability risk. Consider locking your mortgage rate today.

The March Non-Farm Payrolls report is due for release Friday morning and mortgage rates are expected to move. Unfortunately for th...

05.04.12 03:45 PM - Comment(s)
Jobs growth can influence mortgage ratesMortgage markets improved last week on renewed concerns of a European debt default, and Federal Reserve rhetoric. Conforming mortgage rates in Virginia dropped on the news, one week after posting a 5-month high. A major strike in Spain and growing unrest in Italy, both in opposition to recent auster...
02.04.12 03:45 PM - Comment(s)

Jobs growth can influence mortgage ratesMortgage markets improved last week on renewed concerns of a European debt default, and Federal Reserve rhetoric.

Conforming mortgage rates in Virginia dropped on the news, one week after posting a 5-month high.

A major strike in Spain and growing unrest in Italy, both in opposition to recent austerit...

02.04.12 03:45 PM - Comment(s)

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