Login | Sign Up |

MENU
  • Home
  • Property Search
  • Featured Homes
    • New on The Market
  • Buyers
    • Property Search
    • Dream Home Concierge
    • Mortgage Rates
    • Mortgage Calculator
    • Get Prequalified
  • Sellers
    • Home Values
    • How We Market Your Property
  • Neighborhoods
  • Beasley Times Story
  • Contact
  • Our Blog
  • Happy Clients
  • Home
  • Property Search
  • Featured Homes
    • New on The Market
  • Buyers
    • Property Search
    • Dream Home Concierge
    • Mortgage Rates
    • Mortgage Calculator
    • Get Prequalified
  • Sellers
    • Home Values
    • How We Market Your Property
  • Neighborhoods
  • Beasley Times Story
  • Contact
  • Our Blog
  • Happy Clients

Employment, Russia, and Mortgage Rates

Employment, Russia, and Mortgage Rates

May 5th, 2014

On Friday, The US Department of Labor released employment data, showing that the unemployment rate fell from 6.7% to 6.3% for April, which is great news for the economy – see the chart below. Many people are celebrating the fact that employment figues are approaching pre-recession numbers.

After the release of the employment data, mortgage rates also fell back down to around 4.25% for 30-year fixed rates. But wait – was it really due to the unemployment data? Also around the same time, there was a request from Russia for an emergency UN meeting as a result of escalating issues in Ukraine, and we all know that geopolitical concerns between nations have quite a large effect on the economy.

Whether rates dropped because of the employment data or other factors, they are still extremely low, and it remains a great time to lock in a mortgage loan or get started looking for property. Please call right away if you or anyone you know is interested in buying or selling!

employment data chart

David L. Benavides, Broker / Owner

If you, or someone you know is interested in buying or selling property, please call right away!

Share on:

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post:
Mortgage Rates Drop Dramatically
Next Post:
Mortgage Rates Hold Steady After Fed Meeting
Rodney Beasley
Broker GRI
(800) 640-0509
rodneybeasley@beasleytimes.com
CALDRE#01702135
Recent Posts
  • Auto Draft
  • An agent you can rely on.
  • Summer is here!
  • Keeping it Real Estate
  • 5 Love Languages
Categories
  • Real Estate News
  • Social Media Posts
  • Uncategorized
Recent Comments

     

    Questions? Ask Here!

    © 2021 Rodney Beasley, (800) 640-0509, 01702135, Beasley Times Realty, 40605 Alder Court Temecula CA 92591, 047685
    Websites for REALTORS