Mar 13 2017 31696 2

Dated: 03/13/2017

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Fed rate set to rise after positive jobs report
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February jobs growth sets stage for interest rate hike
An interest rate hike at the March 14 – 15 policy meeting is likely, given strong recent employment numbers from ADP and the Department of Labor. ADP claimed that businesses added 298,000 new jobs last month. Two days later, the U.S. jobs report showed a 235,000 increase to nonfarm payrolls. Mortgage rates have already reacted, with the 30-year fixed rate up to 4.21% from 4.10%, and the 15-year fixed rate at 3.42%, up from 3.32%, according to Freddie Mac. If the economy stays on course, two more rate increases are planned for 2017, so for those looking to refinance, renovate or buy a new home, the time is now to lock in a low rate!
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Johnny Stringer

Johnny Stringer has become one of the most progressive and highly regarded Realtors in Lubbock, Texas by always putting his client's needs first. Providing value and excellence in service highlights J....

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