Hi Team, Good Monday Morning! Here is what is going on in the economic market today, and this week! Financial markets are back in full swing after last week's Thanksgiving holiday break. Stocks are higher and mortgage bonds are lower to start the week. It’s jobs week, which will likely be a key factor in the Fed’s December 18th rate cut decision and the future direction of the Bond market and interest rates. The November jobs report is scheduled for release this Friday, and it will be the final monthly jobs report before the Federal Reserve meets later this month to decide the course of interest rates. Fed policymakers have recently indicated that they are in no rush to cut interest rates further and that any future decisions will be data driven. If Friday's jobs report comes out strong, this may cause the Fed to delay any further interest rates until later next year. Mortgage pricing may be volatile this week as investors adjust their positions ahead of the jobs report, and then as they react to the report once it comes out on Friday. We are often asked by real estate professionals, “So where are interest rates?” The reason mortgage advisors can’t answer this question directly with an exact percentage, is because each loan is different, each borrower is different (loan amount, credit score, debt to income ratio, loan to value, property type, occupancy, loan type, etc.) and the interest rate depends on each individual borrower and loan. One way to get a general idea is to google: “fixed mortgage interest rate national average.” See below for today’s answer: Emily Howard Mortgage Advisor, CMPS NMLS# 1633389- AL, AK, AZ, CA, CO, FL, HI, ID, IL, IN, IA, MI, MN, MO, MT, NM, OH, OK, OR, SC, TN, TX, VA, WA 32129 Weyerhaeuser Way South, Suite 204 Federal Way, WA 98001 Direct: 206-999-7262 Walter: 206-920-9258 eFax: 866-415-0827