Mortgage Rate Predictions For The Next 7 Days (February 4, 2010)

On the first Friday of every month, at 8:30 AM ET, the U.S. government releases the Non-Farm Payrolls report, except most people don't call it that. They call it "the jobs report". Tomorrow is the first Friday of the month. The jobs report has always been influential with respect to mortgage rates but, lately, it's of larger import. This is because Wall Street believes that jobs growth is the way forward for the economy. No jobs, no growth.