Archive For August 8, 2016

Mortgage Rates Jump After Strong Labor Report

Mortgage Rates Jump After Strong Labor Report

Mortgage rates for nearly all types of home loans jumped higher Monday after the Labor Department released a strong employment report. Currently, the average 30-year fixed rate loan stands at 3.63%, up .05 percent from Friday. Employment rose at a faster pace than expected for the second month in a row, and wages also continued…

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