AgentIndustry News

Jobs, economy to take spotlight at presidential debate

Stagnation keeps 30-year mortgages below 6%
Published on Oct 8, 2004

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by CareyBot

Job creation in September remained on the thin side, and mortgage rates are still safely in the fives – 5.75 percent on the lowest-fee 30-year deals.

Payrolls grew by only 96,000 last month, and half of that total comprised low-octane hires by government. Other data were similarly tepid, and the Fed has given its first hint that it may pause after the next couple of .25 percent hikes in the Fed funds rate.

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