Mortgage Update October 6 2017

“The September Jobs Report showed a jump in wage growth, which pushed Mortgage Bond prices lower. However, Non-farm Payrolls revealed negative job growth last month mainly due to hurricanes Harvey and Irma. Home loan rates have edged higher though they still remain historically attractive. After the recent decline in Mortgage Bond prices and with the Jobs report behind us, I am recommending carefully floating. If anything changes, I will get right back to you. The Bond markets are closed on Monday in observance of Columbus day. Have a great long weekend!”

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