Freddie Mac Rate Survey and Jobs Report

Freddie Mac Rate Survey and Jobs Report

Tomorrow the Bureau of Labor Statistics will be releasing February’s unemployment rate and nonfarm payroll.  January’s report had an unemployment rate was 3.4% and 517,000 jobs were created.  Traders are expecting the rate to stay at 3.4% and 215,000 new jobs created. Go to: around 9am tomorrow to find out the results and market reaction.


Freddie Mac Commentary - Mortgage rates continue their upward trajectory as the Federal Reserve signals a more aggressive stance on monetary policy. Overall, consumers are spending in sectors that are not interest rate sensitive, such as travel and dining out. However, rate-sensitive sectors, such as housing, continue to be adversely affected. As a result, would-be homebuyers continue to face the compounding challenges of affordability and low inventory.

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Below are the Historical Highs and Lows

On October 21, 1981 the survey said 18.39% on a 30-Yr FRM

On December 24, 2020 the survey said 2.66% on a 30-Yr FRM

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