Bad jobs report = great rates
Mortgage News
The disappointing May jobs report released this morning means bad news for the economy and for investors, but not for mortgage rates.
The unemployment rate inched up to 8.2 percent and the economy added only 69,000 jobs in May, says the Labor Department. Economists had expected at least 150,000 new jobs.
It gets worse: revisions from previous
Source: Bankrate.com » Mortgages