Blog tagged as Non-Farm Payrolls

Net New Jobs Feb 2010-Feb 2012With home affordability at an all-time high, buoyed by the lowest mortgage rates ever, it's been a terrific time to buy or refinance a home using a mortgage.

The good times may not last, though, so today marks an ideal time to lock a mortgage rate. Friday brings risk. Here's why.

Since 2010, weak econ...

08.03.12 04:45 PM - Comment(s)
Net Non-Farm Payrolls (2010-2012)Mortgage markets worsened last week as the U.S. economy continued to show that it's in recovery, and as Federal Reserve Chairman Ben Bernanke publicly hinted at the same. In a congressional testimony Wednesday, Chairman Bernanke suggested that new, Fed-led stimulus may not be imminent, surprising Wa...
05.03.12 04:45 PM - Comment(s)
Jobs growth pushes mortgage rates higherMortgage markets worsened last week as domestic job growth surprised Wall Street and the Eurozone moved yet one more step closer to reaching a lasting Greece sovereign debt solution. Conforming mortgage rates in Virginia rose on the news, although you wouldn't know it from looking at Freddie Mac's w...
06.02.12 04:45 PM - Comment(s)
3-month rolling average NFP This week, once more, we find mortgage rates are on a downward trajectory. Conforming mortgage rates have returned to near all-time lows. After Friday morning's Non-Farm Payrolls report, however, those low rates may come to an end. It's a risky time for Virginia home buyers and would-be refinancers...
02.02.12 04:45 PM - Comment(s)
Net New Jobs, 2010-2011Mortgage markets improved last week as news from the Federal Reserve, the U.S. economy, and Europe combined to spur new demand for mortgage-backed bonds. Conforming mortgage rates rallied from Wednesday through Friday's close, ending the week near all-time lows set earlier this year. Last week's ral...
30.01.12 04:45 PM - Comment(s)
Retail Sales Growth (2008-2011) Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers,  it may also lead to higher mortgage rates later this week. Thursday morning, the Census Bureau will release its U.S. Retail Sales data for...
11.01.12 04:45 PM - Comment(s)
Net new jobs created (2000 - 2011) Have you been floating a mortgage rate? It may be time to lock. At 8:30 AM ET Friday, the government's Bureau of Labor Statistics will release its  November Non-Farm Payrolls report. Better known as "the jobs report", the monthly Non-Farm Payrolls figures provide sector-by-secto...
01.12.11 04:45 PM - Comment(s)
Non-Farm Payrolls Nov 2009-Oct 2011Mortgage markets worsened slightly last week through a bouncy, holiday-shortened trading week. Markets were closed Thursday for Thanksgiving and re-opened only briefly Friday. As in past weeks, though, economic, political, and financial news from the Eurozone dictated the direction of U.S. mortgage-...
28.11.11 04:45 PM - Comment(s)

Job growth since 2000

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. Rate shoppers across...

02.11.11 03:45 PM - Comment(s)

Federal Reserve meeting this weekMortgage markets moved across a wide range last week before, ultimately, finishing unchanged. The bailout of Greece both dominated headlines and dictated market direction.

It was a wild ride for rate shoppers.

Early in the week, mortgage rates spiked. Eurozone leaders expressed optimism that...

31.10.11 03:45 PM - Comment(s)

Unemployment Rate (2008-2011)Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction.

Conforming mortgage rates in Virginia rose last week, lifting rates off their all-time lows and causing ...

12.10.11 04:01 PM - Comment(s)

Estimated NFP results September 2009

Mortgage rates are prepped to make big moves in the next 36 hours. Is it time for you to call in your rate lock?

Friday, at 8:30 AM ET, the Bureau of Labor Statistics will release the Non-Farm Payrolls report for September. Issued monthly, the "jobs report" offers sector-by-sector job ...

06.10.11 04:03 PM - Comment(s)
Net new jobs, rolling average The U.S. economy is no longer adding new jobs. Last Friday, in its monthly Non-Farm Payrolls report, the Bureau of Labor Statistics reported that the U.S. economy added exactly zero new jobs in August as the national Unemployment Rate held steady at 9.1 percent. Despite the "zero" reading...
07.09.11 04:01 PM - Comment(s)

Non-Farm Payrolls (Sep 2009 - est. Aug 2011)

If you're shopping for a mortgage rate, today may be a good day to lock one down. That's because Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report for August 2011.

The "jobs report" tends to have a big influence on mortgage bonds and mortgage rate...

01.09.11 04:02 PM - Comment(s)
Job Growth (2000-2011) 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. The monthly jobs report is a market-mover and analysts expect that 196,000 new jo...
05.05.11 04:01 PM - Comment(s)
Retail Sales Rising -- 8 Straight Months Consumer spending is alive and well, it seems -- unwelcome news for today's home buyers. Wednesday, the Census Bureau will release its March Retail Sales figures and the report is expected to show higher sales receipts  for the 9th straight month. A strong reading like that should spell higher...
12.04.11 10:06 PM - Comment(s)

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