U.S. Job Growth Leads Interest Rates Lower for Danville Home Buyers

U.S. Job Growth Leads Interest Rates Lower for Danville Home Buyers

For the second straight year, the jobs market looks to be slowing into the summer for would be job seekers. National Unemployment Rate 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 … [Read more...]

Pleasanton Mortgage Rates Climb Sharply This Week-

Pleasanton Mortgage Rates Climb Sharply This Week-

The U.S. economy is expanding, fueled by a renewed consumer optimism and increased consumer spending. As reported by the Census Bureau, Retail Sales in February, excluding cars and auto parts, rose 1 percent to $335 billion as 11 of 13 retail sectors showed improvement last month. Driving … [Read more...]

Consumer Confidence Rising, Bay Area Home Prices Expected To Follow

The U.S. economy continues to show signs of a rebound. According to the Census Bureau, Retail Sales climbed to $329 billion last month on a seasonally-adjusted basis, excluding automobiles. January's data marks the 18th time in 19 months that Retail Sales rose, a run that's increased total sales … [Read more...]

Bay Area Home Affordability Threatened By Friday’s Jobs Report

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 California home buyers and would-be … [Read more...]

All the Trips to Nortstroms Threaten Home Affordability- Thursday’s Retail Sales Data

You may want to lock your home loan ahead of Thursdays Retail Sales Data; it could move the market higher. Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers in Pleasanton, it may also lead to … [Read more...]

Friday’s Jobs Report- A Big Risk To Low Pleasanton, CA Mortgage Rates

Friday’s Jobs Report- A Big Risk To Low Pleasanton, CA Mortgage Rates

  Have you been floating a mortgage rate for your purchase or refinance? 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 … [Read more...]

Bay Area Interest Rate Alert: Friday’s Jobs Report Could Move Rates Higher

Bay Area Interest Rate Alert: Friday’s Jobs Report Could Move Rates Higher

  Within the next 48 hours, Bay Area 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. Market Movers Of the two market movers, it's the Non-Farm Payrolls report that may cause the … [Read more...]

With Retail Sales Expected To Rise; Will Mortgage Rates Rise Too?

With Retail Sales Expected To Rise; Will Mortgage Rates Rise Too?

Honey I'm going to run to Nordstroms Ill be home soon...The American Consumer is alive and well, it seems. Friday morning, the Census Bureau will release its Retail Sales figures for September. The report is expected to show an increase in gross receipts for the 15th straight month with analysts … [Read more...]

Jobs Report Scheduled Friday- Have a Mortgage Rate Locking Strategy Ready

Jobs Report Scheduled Friday-  Have a Mortgage Rate Locking Strategy Ready

  Mortgage rates are poised to make big moves in the next 36 hours. Is it time for you to call in your rate lock on your home purchase or Refinance? The "Jobs Report" Friday, at 8:30 AM ET, the Bureau of Labor Statistics will release the Non-Farm Payrolls report for September. Issued … [Read more...]

As New Jobs Flatline in the U.S.- Mortgage Rates Fall Across the Bay Area

As New Jobs Flatline in the U.S.- Mortgage Rates Fall Across the Bay Area

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, the … [Read more...]