Mortgage Rates Improve On Jobs Report

Mortgages rates across the board improved today on the news of the unemployment rate falling to 8.6% from 9%. The unemployment rate has not been this low for 2 1/2 years.

Initially, the stock market improved on the news on .4 % change in the unemployment rate with a liquidation of bonds. During trading this afternoon, this stock market improvement became short-lived as money began pouring into the bond market after news came of the Fed’s commitment to purchasing treasury securities to help lift the bond market.

Mortgage rates are improving, time to lock in that mortgage interest rate.

You can secure a 30 year fixed-rate mortgage near 4% with little or no upfront overhead in the form of discount points. As mortgage the bond market continues to experience an influx of funds, mortgage rates will continue to improve. That’s the hard truth. It’s a great time to think about getting a mortgage loan for a purchase or for a refinance because you can scoop up a “hair cut” interest rate.

This chart represents the ebb and flow of money flowing into the bond market since November 2, 2011. Consistently since November 25 mortgage bonds have been is in a holding pattern of continual improvement providing lower mortgage rates across the board for consumers looking for the lowest possible interest rate.

Mortgage rates are looking very attractive, time to find the best possible interest rate for your next Sonoma County home loan.

You can fill out a request for a complementary mortgage rate quote and see just how good mortgage rates are. This improvement mortgage rates is across the board for all loan programs including both government and conventional. Mortgage rates have improved on the latest jobs report.

 

 

 

 

 

 

 

 

 

 

 

 

 

Posted in:

RELATED MORTGAGE ADVICE FROM SCOTT SHELDON

A scenic suburban neighborhood in Sonoma County, California, with diverse homes surrounded by lush greenery and rolling hills. Overlaid bold white text reads, “Buying a Home in Sonoma County in 2025: Income, Prices & Market Truths.”

Navigating Sonoma County’s Housing Market in 2025: What Buyers Need to Know

Sonoma County Home Buying in 2025: Navigating Economic Uncertainty and Affordability As a mortgage loan…

Line graph showing U.S. mortgage rate fluctuations in 2025 with key economic events like inflation spikes and Fed policy shifts annotated for context

What’s Driving the Volatility and What Comes Next?

Mortgage Rates in April 2025: What’s Driving the Volatility and What Comes Next As of…

Now or later?

Should You Buy a Home Now Or Wait for Lower Rates in 2025?

Should you Buy a Home Now at 6.5% to 7% Interest, or Wait? Let’s address…

"Bold white text on a deep blue background reading 'Why Mortgage Rates Vary Between Lenders'"

Why “Cheaper” Isn’t Always Better: The Real Story Behind Mortgage Pricing and Underwriting

Let’s get real for a second: mortgage pricing isn’t as wide open as most people…

View More from The Mortgage Files:

begin your mortgage journey with sonoma county mortgages

Let us make your mortgage experience easy. Trust our expertise to get you your best mortgage rate. Click below to start turning your home dreams into reality today!