The Bureau of Labor Statistics (BLS) Non-Farm Payrolls report for December exceeded Wall Street's expectations by 5,000 net new jobs, showing 155,000 positions created in December. The December tally raised the economy's 12-month total to 1.84 million net new jobs...
The Economy
Mortgage Rates Rising On 26 Straight Months Of Jobs Growth
According to the Bureau of Labor Statistics (BLS) and its November 2012 Non-Farm Payrolls report, the U.S. economy added 146,000 net new jobs last month. November's job growth exceeded Wall Street expectations of 90,000 jobs added for the month, and was a small...
November 2012 Non-Farm Payrolls Report May Show Hurricane Sandy Effects
Floating a mortgage rate? Consider getting locked Thursday. ADP released its November 2012 Employment Report Wednesday in which the payroll-processing firm reported 118,000 new jobs created last month. The company said the service sector created 114,000 new positions,...
October Jobs Report Blows Away Estimates; Mortgage Rates Falling
Another month, another good showing for the U.S. economy. Mortgage rates are performing surprisingly well after Friday's release of the October 2012 Non-Farm Payrolls report. The Bureau of Labor Statistics' monthly report beat Wall Street expectations, while also...
Find A Mortgage Rate Strategy Ahead Of Friday’s Job Report
Friday morning, the government's Bureau of Labor Statistics will release its Non-Farm Payrolls report, more commonly called the "jobs report". Depending on how the jobs data reads, FHA and conforming mortgage rates may rise, or fall. This is because today’s...
Coming Next Week : New, Mandatory Loan Fees For All Conforming Mortgages
Beginning as soon as next week, new, mandatory mortgage fees will push mortgage rates higher throughout Chicago and nationwide. Fannie Mae and Freddie Mac are raising their respective "guarantee fees". Guarantee fees are fees that mortgage-backed securities...