Forbes news video on the monthly jobs report. The report came out and showed that there were less jobs lost than expected. So the report was better than expected for the economy. This is good news for stocks in general, and bad news for bonds. What is bad for bonds, will be bad for mortgage rates. So bond prices were off on Friday. Mortgage rates are subject to change on a daily or hourly basis even. Just like stock prices trade throughout the day, mortgage bonds are traded as well. News that comes out every day about the economy can influence mortgage rates up or down and it is important to work with a mortgage professional that understands what really makes rates move. We have a couple of resources to help stay on top of the mortgage interest rate market. One is available for you to view daily right on our website at
http://www.BridgeCapitalLending.com/DailyRateLockAdvisory
Craig Garcia is a Managing Member of Bridge Capital Lending, LLC. A mortgage and investment firm specializing in Investor Loans that Use Private Lenders that fund Hard Equity Loans. Craig can be reached at 877-8GO-GREEN or 954-217-9518. Gene Schroeder and Angelo D’Alessandro are the founders and owners of Bank On It! – A Real Estate Investment Firm that sells Investment Properties at Wholesale Prices. Gene and Angelo can be reached at 954-515-0030. The three have also formed a service to connect prospective borrowers to a network of Local Mortgage Brokers called 888-2Lend-Fast.
