Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise. We've had our share or weak data and news, but it will probably continue or could even get worse.We recently had a poor unemployment report. A bleak Jobs Report greatly boosts the odds of not only a first-quarter recession, but perhaps a worse economic downturn than many economists fear. The Federal Reserve may respond to this increasing trend in job losses with additional interest rate cuts when they next meet to determine monetary policy on April 30 and June 25. As we've seen in the past though, such rate cuts do not translate into lower long-term rates for mortgages, so there is no better time than right now to refinance an existing mortgage or to structure a...
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