I was up at 5:00 a.m. waiting for the report. I am little surprised that rates increased yet again because it was not a very strong jobs report. We need to hit 200k jobs per month for about 4 consecutive months to really make an impact in the unemployment rate. Until then, expect continued volatility and swings in rate. Rates are firmly in the 4’s now, and if your clients were preapproved when rates were 3.5%, you need to get them back with the lender to update the approval.
Posted on: Fri, 07 Jun 2013 22:59:57 +0000
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