Mortgage Interest Rates should hold steady April 9, 2019

March’s job report was virtually perfect. 196,000 new jobs, upward revisions of 14,000 for January and February, wage growth that is steady at 3.2% Y-o-Y, the broadest measure of unemployment at 7.3%, its best showing since 3/01, and hours worked up from 34.4/week to 34.5/week. This report suggests the economy is not slipping into recession but also isn’t running hot enough for the Fed to raise rates soon. This should hold mortgage interest rates steady.