Bad Jobs Report… But Mortgage Rates Went UP Here’s Why скачать в хорошем качестве

Bad Jobs Report… But Mortgage Rates Went UP Here’s Why

Mortgage rates had every reason to fall last week… but they didn’t. The latest Bureau of Labor Statistics report showed 92,000 jobs lost instead of the expected 60,000 gain, and unemployment ticked up to 4.4%. Normally that kind of weak labor data would push mortgage rates lower. So what happened? In this week’s Mortgage Rate Update we break down: • Why the jobs report didn’t push rates down • How oil prices and global tensions are affecting inflation • The key CPI and PCE inflation reports coming this week • What the Federal Reserve may do next • Where mortgage rates stand today for conventional, jumbo, and VA loans Right now mortgage rates are roughly: • Conventional: ~6.1% – 6.5% • VA loans: mid-to-high 5% range With inflation reports, housing data, and GDP numbers all coming out this week, volatility could increase quickly. If you’re under contract or close to buying, the big question becomes: float… or lock your rate? My advice right now: If the payment works and you're comfortable with the numbers — locking may be the safer move. We’ll continue watching the inflation data closely. Subscribe for weekly mortgage rate updates and housing insights. Aloha.