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Morning Mortgage Rate Update: And down they went again - 9/5/2008

Fri, Sep 5, 2008

Market Update


Good Morning,

It has been an exciting time for people who want to buy a house or refinance their home.  This week’s interest rates fell every single day.  Will today be the same?

We’ll find out at 8:30am after the monthly Employment Situation is released by the Labor Department.  Yesterday’s weekly unemployment report for new claims rose higher than analysts forecasted, meaning more people filed unemployment than expected.  Although this is bad news for American’s looking for work, it helped to push interest rates down.

Will the monthly employment situation be as bad?  We will give you a rate update as soon as we analyze the data.

* We have also added a new CHAT feature click here to connect with me immediately if you want to see how low your mortgage rate can go!  You can also request a quick quote by filling out our small form here.



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