{"id":800,"date":"2013-03-11T15:38:29","date_gmt":"2013-03-11T15:38:29","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=800"},"modified":"2013-09-06T22:53:55","modified_gmt":"2013-09-06T22:53:55","slug":"us-mortgage-rates-now-linked-to-monthly-jobs-reports","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/us-mortgage-rates-now-linked-to-monthly-jobs-reports\/","title":{"rendered":"JOBS REPORT AND MORTGAGE RATES"},"content":{"rendered":"

\"us-mortgage-rates\"<\/a><\/p>\n

One important financial which really helps shape the interest rate mortgage market is the jobs report.\u00a0 This is a report that comes out once per month and is considered by most to be the main economic report for the economy.\u00a0 Since 2010 the general trend in this job report has been a slow and steady increase to the number of jobs created.\u00a0 Some are even stating the this job report may foreshadow a stronger ending in 2013 which will set us for great 2014\u2026 But lets not get ahead of ourselves shall we.<\/p>\n

5.1 Million Jobs Added Since 2010<\/h2>\n

This report comes out the first Friday of each month and eagerly anticipated.\u00a0 On Friday the rport is given before most financial markets open at 8:30.\u00a0 The report is broken down into different sectors.\u00a0 The Non-Farm payrolls are what experts take in the most consideration.\u00a0 Most recently this job report has been getting better and better which some feel could start to be the end of great mortgage rates.<\/p>\n

Since the bottom of the Great Recession the U.S. has added 5.1 million jobs.\u00a0 This is a staggering number to think about but just remember that we lost 7.4 million jobs during the great Recession.\u00a0 We are starting to get back to where we were before this great meltdown but still have a ways to go.\u00a0 At this rate it could take us years to just gain bask the number of jobs that we lost and if our goal is to get better then we were before then we still have a ways to go.<\/p>\n

RELATED: Michigan Mortgage Calculator<\/a>– Figure your payment with current mortgage rates.<\/p>\n

RELATED: Grand Rapids Mortgage Rates<\/a> – See current mortgage rates in Michigan.<\/p>\n

The Job\u2019s report always shake up the Mortgage Rates<\/h2>\n

If you are in the middle of a mortgage loan you mnay want to condier locking in your interest rate before this report comes out.\u00a0 This economic report really can make interest rates spike one or the other.\u00a0 If you feel like you want to gamble you could really benefit for these numbers if they are lower then expected.\u00a0 One thing is for certain you need to call the experst at Riverbank Finance today to discuss you rate lock options.\u00a0 Call us at 80o-555-2098 today!<\/p>\n\n

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