Last Friday the Non Farm Payroll report came out and showed job growth that exceeded estimates.
This caused a Bond sell off, and resulted in higher mortgage interest rates Friday afternoon.
Rates are still low, and if you are considering refinancing I would recommend doing so right now.
We will see how the market behaves today. Hopefully this won’t be a new trend towards higher rates.
I’ll continue to watch it for you, and let you know!
That’s it for today!
Have a good day! …and thanks for reading.
Brett
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