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Unemployment rate dropped to 7.7% for February
byJohn McClellanonMarch 8, 2013
The unemployment rate dropped to 7.7% for February, and RTRS reports that U.S. FEB NONFARM PAYROLLS +236,000 (CONSENSUS +160,000).
That is a VERY large jump: Mortgage rates reacted badly, and we will see significantly higher mortgage rates today.
On the flip side, a stronger economy means more demand for housing. Now, if Central Texas just had more inventory to sell!