Mortgage Update: Rates, Jobs & a Big Fannie Mae Change We got some important mortgage news over the last week. First, the August jobs report came in much stronger than expected. The economy added 162,000 jobs, compared with expectations of roughly 56,000. Normally, a strong jobs report is good news. For mortgage rates, though, it can have the opposite effect. A stronger economy gives the Federal Reserve less reason to lower rates and can keep inflation concerns alive. Treasur
