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.
Rates are at some of the best levels of the year right now, so it’s an excellent time to find affordable financing.
LK Marketing and Real Estate 
Leave a comment