The jobs report that came out about a week ago came in with a much lower number of new jobs created than analysts were expecting. While unemployment numbers are staying relatively low, the number of new jobs created in the economy was troubling to the financial community. The immediate result of the report was a pullback in the stock markets and a dip in the yields for government bonds. That dip in bond yields, as usual, correlated with a small dip in mortgage interest rates. So mortgage interest rates are looking good right now.
If you are considering a refinance or a home purchase, now is an excellent time to get the process started. Contact us in the sidebar for for refinance information, or on our home purchase page for info on home purchase mortgage programs.