Mortgage Rate Update July 8, 2011

Posted on by Evan in Rate Update

Mortgage rates are better this morning.

This mornings Bureau of Labor Statistics report showed very tepid job growth for June.  After yesterdays better-than-expected jobs figures from the ADP report analysts had been expecting over 100,000 new jobs.  But as we pointed out yesterday’s ‘rate update’ the ADP & BLS report rarely show correlation.  That proved true again this morning.

We are in a floating position!

Current Outlook:  floating

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