So tomorrow we get the Jobs Report number and going off a few reports this week – we are going to see an increase in the number of folks working! Yesterday’s ADP report showed 246,000 jobs created and the Initial Jobless Claims, a measurement of those filing for unemployment declined by 16,000.
So I am going to say lock your loans in today, ahead of tomorrow’s Jobs number because if that number comes in higher than predicted, it will benefit Stocks more than it will benefit Bonds.
Granted, I still see light and if you can float past this week, lower rates are coming!
Geoffrey Davis is The Frisco Mortgage Guy! 214-529-9622