Job gains boost real estate rates

Fed expected to hike key funds rate Tuesday

The lowest-fee 30-year mortgages reached 6 percent Friday morning following the 10-year T-note’s approach to 4.4 percent, both rising after a modest surprise in job creation and wages. Going higher, soon.

July payrolls beat the 180,000-job forecast gain by 27,000, and the June figure was revised up by 20,000, but these variations are way inside the range of error in the survey. Some legitimate concern might flow from a .4 percent perk up in wages, flat-lined in the three years previous, but there is no inflation danger or economic acceleration present in this report.