Category: The Economy

A Mortgage Rate Strategy For July’s Jobs Report

August 3rd, 2011, No Comments

At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If you’ve been watching mortgage rates fall to new all-time lows this week and fear a mortgage rate reversal, Friday could be the day.

Economy Expected To Have Added 80,000 Jobs In June

July 8th, 2011, 1 Comment

Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you’re currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report’s release. Often, by a lot.

Mortgage Rates Surge On May Retail Sales Figures

June 16th, 2011, No Comments

Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It’s an all-time high and another example of the U.S. economy’s resiliency.

Rising Retail Sales Threaten Low Mortgage Rates

May 13th, 2011, No Comments

Thursday, the Census Bureau released the April Retail Sales report. Excluding cars and auto parts, retail receipts rose for the 10th straight month and, at $321 billion, reached an all-time high.

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