We end this holiday week with great news for mortgage rates and bad news for the economy as a whole as several key pieces of economic data disappointed. This morning, the Employment report showed that US employers hired significantly fewer employees than expected and the jobless rate increased to 9.1%. Earlier in the week, U.S. [...]

While rates have come down in the past month, mortgage rates this week may be affected by multiple bond auctions that are taking place, any of which can sway the market dependent on their volume.  For this reason, the market will be moving forward with less certainty, which makes this week a great week to [...]