2.65 percent interest you will pay on your 15-year fixed rate mortgage (on average) if you locked it in last week in the wake of the release of March 2013 employment numbers. The Bureau of Labor Statistics jobs report indicated that a net of only 88,000 new jobs were added in March and noted that the declining unemployment rate (down to 7.6 percent) was largely due to the loss of 500,000 individuals from the workforce[1].

 


[1] http://www.dsnews.com/articles/fixed-rates-tumble-following-weak-unemployment-report-2013-04-11