Unemployment surges to 7.6%, Mortage rates to decrease?

According to USA Today,the unemployment rate rose to a 16-year high 7.6% in January as employers slashed a seasonally adjusted 598,000 jobs, the most since 1974, the government said Friday in a report that showed the job market deteriorating at a rapid clip. For more information go to http://www.usatoday.com/money/economy/2009-02-06-job-losses-january_N.htm

This surge in unemployment could lead to a dip in the mortgage rates. So it is a good time for refinancing and buying houses for those with surplus cash. PrivoCorp's clients can help borrowers with speedy and low mortgage rates. For more information on banks that are offering lower rates contact info(at)privocorp.com or visit www.privocorp.com