Mortgage Rates Boosted By Solid Jobs Report - Construction Jobs Suffer

October 18, 2007

Buoyed by the strong employment figures for September that were
released last week, mortgage interest rates rose
slightly in all categories according to Freddie Mac’s Primary Mortgage
Market Survey for the previous week.

It is interesting that, with the exception of the short-term ARM,
rates were virtually identical last week to the rates one year ago.