Rate Update

"Mortgage rates started the day lower on worse-than-expected employment news, but have since given up their gains.

The official Jobs Report came in worse than expected, showing 125,000 job losses in June. The unemployment rate did fall to 9.5%, but that drop is due largely to 625,000 people being removed from the calculation because they're discouraged and no longer actively searching for work.

I reccommend locking today. Remember, the markets will be closed on Monday in observance of Independence Day."

Have a great weekend.