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Happy Monday! As we head into the week, here are today’s mortgage interest rates: VA 5.25% (APR 5.558%) FHA 5.125% (APR 5.935%) Conventional 5.5% (APR 5.625%) Jumbo 5.625% (APR 5.743%) The full breakdown of what’s driving mortgage rates this week is covered in today’s video. Bridge Financing In this update, we also break down Bridge Financing — a strategy that allows homeowners to use the equity from their current home to purchase their next home before selling. This can help you avoid making contingent offers and give you more flexibility when moving up into your next home. In the News – Strong Jobs Report January job growth came in well above expectations, with 130,000 jobs added compared to the 55,000 forecast. November and December payrolls were revised down by a combined 17,000 jobs, and the unemployment rate ticked down from 4.4% to 4.3%, showing continued strength in the labor market. Do YOU Really Need a 2-Year Job History? Yes… but here’s what most people don’t know. Most people think you need two full years on the job to qualify for a home loan — but if your degree is related to your current profession, your full-time college education can actually count as two years of work history. That means recent graduates like nurses, teachers, engineers, and accountants may be eligible to buy a home sooner than they think. If you’ve recently started your career, let’s connect for a quick Homebuyer Strategy Session to see what may already be possible for you. This Week’s Economic Calendar: Tuesday: ADP Employment Data, Case-Shiller and FHFA Home Price Appreciation Reports Wednesday: Mortgage Applications Thursday: Jobless Claims Friday: Producer Price Index (PPI) Inflation Report Homebuyer Strategy Session Formerly known as the Hopes & Dreams Conversation, this session includes: No applications No credit pulls No commitments Pure strategy Let’s build a plan together. Paul Olbrantz Clear2Close Brokers www.MyHomeLoanTeam.com Paul@Clear2CloseBrokers.com 707-494-7017 #MortgageRates #HousingMarket #FirstTimeHomeBuyer #HomeBuyingTips #BridgeLoan #RealEstateUpdate #MortgageUpdate #BuyAHome #CaliforniaRealEstate #LoanOfficer #InterestRates #HomeLoanTips #RealEstateTips