After the last couple of weeks of mortgage bonds dropping they are current up 41 basis points today due to a very poor jobs report.
November had 39,000 newly created jobs. Estimates were at 130,000 new jobs to be created.
Unemployment also ticked up to 9.8% from 9.6% from the month before. Expectations were for this to remain the same so that was a bit of a shock.
With this being extremely volatile if you haven't already refinanced I would suggest locking in your rate today. Rates are still very low and will rise in 2011.
Ron Meyer is a Wisconsin licensed Sr. Loan Originator NMLS #222688 with GSF Mortgage Corporation NMLS #1018 located at 300 Patriot Dr. Little Chute, WI 54140 We specialize in financing purchases and refinancing home loan mortgages for all of Wisconsin. As a local lender we pride ourselves on offering quality service before and after your closing. Our underwriting is all done in house, allowing us to have quicker than normal processing time of your loan.
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