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Mortgage rates have been low for months, and they'll stay that way until more people go back to work

6 days ago   |   By Business Insider

Summary List Placement Mortgage rates tend to go up when the US economy is thriving and down when it's struggling. Unemployment is one of the most significant economic factors that affects mortgage rates. When employment numbers increase, rates tend to follow suit.
The US Department of Labor released the May jobs report on Friday, and the report shows that job growth is on the right path .
You probably won't see mortgage rates spike soon, but information in the jobs report indicates that they could go up in the next few months.
The labor market needs to improve for mortgage rates to...
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