The unemployment numbers that came out this week are discouraging–9.1% overall for the U.S. and Seattle in particular–but they continue to ensure that mortgage rates remain low. I know that for the 9% of Americans who can’t find work, the sting of unemployment is painfully discouraging.
However, I can’t help but put an optimistic spin on things. 91% of Americans are employed, and right now is one of the best times to refinance a home or secure a mortgage. While the jobs report is discouraging, other economic factors (car sales are up and consumer spending grew in July) seem to indicate that we may be on the slow road to recovery. Read more