Ouchy jobs report
Mortgage / Home Buyer News
A brutal employment report today bodes well for mortgage rates. Borrowers, rejoice in the bad news!
The economy added 36,000 jobs in January, according to the Labor Department. Private nonfarm employers added by 50,000 jobs, while government jobs shrank by 14,000. This is worse than expected: the consensus prediction had been an increase of around 150,000
Source: Bankrate.com » Mortgages