Unemployment and Interest Rates Both Fall

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Mortgage and Lending with Guaranteed Rate Mortgage

Unemployment and Interest Rates Both Fall

Mortgage Rates FallThis morning it was announced that the US added 243,000 more jobs in January, the most jobs added since March and April of 2011. Unemployment followed suit and dropped to 8.5%; marking January as the fifth consecutive month unemployment has fallen. With these stats exceeding economists’ expectations, the market got off to a great start.

To add onto the good news, mortgage rates dropped to the lowest they’ve ever been in the entire 40 year history of the Freddie Mac Primary Mortgage Market Survey, shortly after the president announced details about his proposal to enable millions of homeowners the chance to refinance. At this time last year, borrowers were ecstatic to get a rate around 4.8%, and today we find rates almost a whole point lower.

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Rainmaker
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Kevin B. Tolbert PA Team
New Home Construction and Luxury Specialist!
Keller Williams Realty of Port Saint Lucie

Okay folks.  Let's reiterate, LOWEST UNEMPLOYMENT since Obama took office from Bush and lowest interest rates in 40 years and in many markets more business than the last 6 years, and rising prices.

I think we can no longer ignore the facts... Our President is making a difference in spite of the congressional resistence. 

Many news leaders have already started whispering that if the economy is on an absolutely positive track by the general election, it will be a purely academic election as no matter who you run against Obama. 

February 03, 2012 10:55 PM
Rainmaker
677,116
Patrick White
Put our 28 years experience and technolgy to work
Home Driven Realty, Inc

Good Evening Chad

Thanks for the post and good news. Have a great day

February 03, 2012 11:53 PM
Rainmaker
1,145,015
John Pusa
Your All Time Realtor With Exceptional Service
Sellstate Pacific Realty

Chad - This is very good news, unemployment and interest rate fall at the same time.

February 04, 2012 12:08 AM
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Rainer
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Chad Ronning

FHA, VA, USDA, Home Path
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