Downside Surprise - Jobs Report: BADAnalyst had estimated that 500K jobs would have been created in the month of May. The non-farm payrolls job report, released this morning at 8:30, showed that 431 jobs were created, but the kicker - all but 20K of those jobs were census workers. Unemployment dropped to 9.7% but stocks took the news poorly. The dow is currently down 209 and the 30-year Fannie Mae bond, on which long-term interest rates are based, is up 69 basis points.
Lock or Float?
This is an Historic opportunity. If you or anyone you know and care about is looking to refinance or purchase a home, there has never been a better time - interest rate wise - to get a mortgage. I advise Apply and lock now.
Copyright © 2012 Carolina's Lending Source, Inc.Portions Copyright © 2012 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
