Mortgage Rates Change Little Amid Positive Employment Report

Frank Nothaft, vice president and chief economist at Freddie Mac, reports Mortgage rates were little changed after encouraging employment report from the Bureau of Labor Statistics.  The economy added 216,000 jobs in March and the unemployment rate fell for the fifth consecutive month to 8.8 percent marking the lowest rate in tow years.  Additionally, the private sector has gained 560,000 workers in the first quarter of this year, which represents the largest quarterly increase since the first quarter of 2006.