A 10 million job surprise! America’s labor market unexpectedly rebounded last month, signaling the economy is recovering much faster than expected. 2.5 million jobs were created in May versus the 8.5 million expected to be lost.
To Lock or Not to Lock – that is the question facing many homeowners who want to refinance or buy a home. Mortgage rates are dependent upon the financial markets. So what does the Fed believe is happening to our economy right now?
Home loan rates continue to hover near all-time lows. Here are three reasons why rates should have improved last week, but didn’t.
This economic downturn is a result of COVID-19 and not a “mortgage meltdown,” so how will all of these out-of-work borrowers affect the mortgage market?