Mortgage Interest Rate Update 5.4.12

The market was expecting 170k new jobs created, and the print was 115k….surprisingly bonds sold off a bit after the news but have recovered and are in positive territory for the morning.  Stocks are down and Oil is down more than 3%.  Mortgage interest rates should remain stable, possibly improve next week.  Mortgage loan programs are still abundant and HARP 2.0 seems to be working however not all lenders have rolled out a complete program yet.  Some lender’s are restricting their HARP 2.0 program however their is hope in the next month or two these lenders will ease the restrictions they have placed on the loan program.  Here is an excellent article to read: mortgage crisis.