Happy April Fools Day! 13 years ago today, I began my mortgage career at Mortgage Master Service Corporation…time flies when you’re having fun! April Fools is also the day I married my husband, Rob, seven years ago. Neither of these events impact mortgage interest rates – here are some scheduled economic indicators for this week that may:
Monday, April 1: ISM Index
Wednesday, April 3: ADP National Employment Report and ISM Services Index
Thursday, April 4: Initial Jobless Claims
Friday, April 5: THE JOBS REPORT
We’ll see on Friday if the unemployment rate continues to trend lower. Remember, positive data or signs of inflation tends to drive mortgage rates higher as investors will trade the safety of bonds (like mortgage backed securities) for the potential higher return of stocks. The reverse is also true.
Mortgage rates are still very low. You can see what rates I’m quoting as well as tid-bits about mortgages if you follow me on Twitter or Facebook. If you would like me to provide you with a mortgage rate quote for your purchase or refi on a home located anywhere in Washington state, click here.