Daily Rate Update: Employment Data Sends Mortgage Rates Near 10-Month Highs

Mortgage Rates Highest In Nearly 10 Months After Employment Data

Mortgage rates vaulted higher today at their fastest pace since late January, after the Employment Situation showed an unexpectedly high number of jobs created in February. The Employment Situation is the most important piece of domestic economic data each month and always has the potential to greatly impact markets. This was indeed the case today, and it brings 30yr Fixed Best-Execution up to 3.75% for the first time since May 2012. Lenders are still offering lower rates, but at greatly increased…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299329.aspx

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