Happy Father’s Day!

WEEKLY ECONOMIC UPDATE
 
The Jobs Report showed that 217,000 jobs were created last month, which was in-line with expectations. The Official Unemployment rate was unchanged at 6.3 percent.

CoreLogic issued a report showing home prices – including distressed sales – increased over 10 percent year-over-year in April. This extends the gain in home prices to a 26th straight month.

Also, the European Central Bank did “ease” their monetary policy, which is aimed at stimulating the sluggish economy in the Euro Zone.

Bottom Line for Mortgages:
Rates are at some of the best levels of the year right now, so it’s an excellent time to find affordable financing.
 
 
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