Its been a wild week in mortgage rate land. Lenders have repriced for the better, they have repriced for the worse, only to reprice for the better again! And that's just two days of action. Its been a roller coaster ride to say the least, but some how we've managed to end up right back where we started: MORTGAGE RATES HAVE HELD NEAR 2010 LOWS ALL WEEK The economic calender provided plenty of reason for mortgage rates to move today. The first set of data to be released was Weekly Jobless Claims. This report provides three measures on the health of the labor market: Initial Jobless Claims : totals the number of Americans who filed for first time unemployment benefits Continued Claims : totals the number of Americans who continue to file for benefits due to an inability to find a new job…(read more)
Locking Loans Ahead of Employment Report. More to Lose than Gain
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