Weekly Mortgage Update for Week of May 30th

Happy Memorial Day! We hope you all had a great and relaxing holiday weekend! We continue to benefit from the muted economic data along with the renewed uncertainty in Europe. Strong job postings that beat expectations will send rates upward as March payroll numbers are released Friday. Neutral-looks for rates to drift sideways will be the trend this week in anticipation for Friday's numbers. If the numbers beat estimates, rates will increase .125-.25%. Stay tuned to Friday's numbers...and if you are looking to purchase or refinance now would be a great time to lock.