Archive for May, 2008

Why Mortgage Rates Aren’t Falling Even Though The Economy Is Shedding Jobs

May 2, 2008

According to the Bureau of Labor Statistics, the U.S. economy shed 20,000 jobs in April 2008. The labor force now counts at 146 million people as employed. Normally, a loss of jobs would foretell economic weakness and would be a good thing for mortgage rate shoppers. Today, though, traders had been expecting a larger loss [...]

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