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...]

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...]

Interest Rate Shoppers in Pleasanton be Ready- Rates This Week Dec 5, 2011

Interest Rate Shoppers in Pleasanton be Ready- Rates This Week Dec 5, 2011

Mortgage markets made little change last week for the fifth time in as many weeks. As Wall Street watched both the Eurozone and the U.S. regain their respective footing, expectations for a new Fed-led stimulus increased, which prevented mortgage rates from rising. Mortgage Rates Flat According … [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...]

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...]

With The Jobs Report Looming, Mortgage Rates May Rise in the Bay Area

With The Jobs Report Looming, Mortgage Rates May Rise in the Bay Area

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 rates in Bay Area … [Read more...]

Strong Job Growth In July Trumped By Credit Downgrade- Mortgage Markets Move

More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. In addition, May and June's originally-reported figures were both … [Read more...]

How to Lock a Mortgage Rate- A Rate Strategy For July’s Jobs Report

How to Lock a Mortgage Rate- A Rate Strategy For July’s Jobs Report

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 are buying or refinancing a home. If you've been watching mortgage rates fall to new all-time lows this week and fear a mortgage rate reversal, Friday could be … [Read more...]