Industry News

Job gains spark rise in mortgage rates

Economy added 167,000 jobs in December, report finds
Published on Jan 11, 2007

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by CareyBot

Mortgage rates climbed this week following Friday’s Department of Labor announcement that the economy created significantly more jobs in December than expected, Freddie Mac said today. The 30-year fixed-rate mortgage rose to an average 6.21 percent this week from 6.18 ...