The economy shed 539,000 jobs in April, raising the 6-month total to nearly 4 million jobs lost.
And while the April data may look bad, it’s actually 10% better than what was expected.
As a result, it’s turning into a bad day to be shopping for mortgage rates.
After bottoming out early last week, conforming, 30-year fixed [...]
Posts Tagged ‘Marin Mortgage Rates’
Mortgage Rates Higher On April’s 539,000 Jobs Lost
$729,750 Conforming Loans: Going, Going…Soon to be Gone!
Back in February of this year (wow…doesn’t that seem SO long ago), the Economic Stimulus Act of 2008 was enacted and part of that Act was to temporarily increase the loan limit on mortgages backed by Fannie Mae and Freddie Mac to 125% of the average cost of a home, county-by-county, to a maximum of [...]
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