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Mortgage rates moved lower today after having a report on the US labour market. The once-a-month Employment Situation (the name for the”tasks report” that frequently affects interest rates) was outside this afternoon and it had something for everybody. For people who’d prefer to remain upbeat on the labour market, a 196k gain was in the amount of jobs created in March, which compared favorably to forecasts. But components painted another picture. For those who desired to find the glass half empty, there was a reduction in the percentage. That is not always a poor…(read more)
Posted To: Mortgage Rate View