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It expected Fed Chief Bernanke to reveal clues about the Feds next move; and it expected the President to unleash a massive jobs creation program that would put more Americans to work. Both outcomes would have harmed mortgage rates as money flowed into stocks. However, neither happened. Bernanke kept mum on the Federal Reserves options and the White House announced a jobs program smaller in scope than was expected.

Mortgage rates fell throughout the day id theft protection Binghamton Thursday then received a big boost Friday. Amid rumors of a pending Greek default and the potential credit downgrades of several Eurozone banking groups, safe haven buying picked up and drove mortgage rates down. Markets open this week with rates lower than theyve ever been in history. There isnt much new data set for release this week so market expectations will continue to id theft protection Binghamton set the direction in id theft protection Binghamton which mortgage rates go. need a free credit report

If concerns for a Eurozone default rise, mortgage rates should fall.

Conversely, if id theft protection Binghamton Eurozone chatter settles, mortgage rates should rise. For now, mortgage rates remain at all-time lows and should not be taken for granted. If you see a rate that id theft protection Binghamton makes sense for you, consider locking it in. Tagged with Eurozone, Fed Chairman Ben Bernanke, Jobs Report.

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