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Mortgage Rates 2/6/2015 Update

The jobs numbers SOAR!

Mortgage rates are up this am as the recent trend continues.  It is imperative to take advantage of these low rates now.  Mortgage Backed Securities and thus mortgage rates are at pivotal cross roads, you can see on the chart that they are sitting at support, but as I am typing this they have already dropped below.  The catalyst behind today’s move was an amazing jobs numbers which only beat the estimate by 27,000, but the previous 2 months were revised a combined 147,000 higher. Mortgage rates 2 6 15

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