I expect mortgage rates to rise. Any government report needs to be discounted as misleading and the numbers are always slanted in favor of the sitting administration.

Brian,

Given the number of unemployed, 280,000 seens like a drop in the bucket, it is positive but not enough.  On the subject of rates, predictions have been the last three years that the Fed will raise rates, and they still have not.  A

With inflation rated at about 1% with the target at 2.2% it doesn't have that much of an effect.

I think the numbers are not real, they have been massaged so much and we know from being in the trenches that though people may be working, wages are much lower. 

I feel the rates goin gup will be good in the long run...there are people with savings that are not spending becuase they are not making anything on the money

Wait three weeks and on page 92 of the paper you'll see the jobs number has been 'adjusted'.  That number will be less than today's advertised (ie, artificially inflated) figure...

It isn't just the high number of unemployed and under employed people here in the US, it is the fact that the economy globally is stuttering...so much so, that in a pretty unusual move, the IMF just today asked the Fed to delay its first interest rate hike until the first half of 2016.

Sure, one day mortgage rates will rise - but the economy will have to be in MUCH better shape than it is today in order to absorb the effects of rising rates.

One report isn't going to make a big difference in the long term. I think the inflation rate is a more significant factor in any action the Fed will take and it is still low.

As always very misleading. It's still not good with how many people are unemployed and with what seems like more and more cities doing the $15 minimum wage I'm sure jobs will be lost again in the future.