Rates closed the week

Rates closed the week up on some products and flat on other.

· Unemployment rate is up to 5.5% from 5.0% last month
· The half point raise was the biggest jump since February of 1986
· Oil prices continue to rise and started the day at $136 per barrel. Watch this as inflation causes interest rates to increase.
· It’s NOT all bad though… the stock market lost some of its gain today which is good for mortgage pricing. We’ll see how things play out next week.

This entry was posted in California, financial markets, Unemployment by Sean La Rue. Bookmark the permalink.

About Sean La Rue

Sean lives in the Palm Desert area and works with Franklin Loan Center as the Senior Vice President. Sean is ready to provide you the concierge level-of-service experience in purchasing or refinancing a home in Palm Springs, Palm Desert, La Quinta, Rancho Mirage, Coachella, Indio, or anywhere in California. His commitment is to treat your home loan like his own because he cares about your family.

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