Rate Update

Mortgage rates are up today on the economic news of the day, the Jobs Report.  While this is some great news for our economy, its not good for interest rates.


According to the report, 162,000 jobs were created in March, making it the biggest one-month increase in 3 years. Adding to the positive news were upward revisions to January and February, which brought the last two month’s net job losses near zero.

Although rates are still good right now, they are up and we can expect them to gradually head higher over time. I recommend locking at this time."