It's a dangerous time for home buyers in Phoenix to be without a locked mortgage rate. Friday morning, at 8:30 AM ET, the government releases its Non-Farm Payrolls report for September. More well-known as "the jobs report", Non-Farm Payrolls data has the power to move mortgage rates up or down. Unfortunately, ahead of the release, we can't know which. Last year, job growth more than doubled between August and September. If this year shows that same growth, Arizona mortgage rates are expected to rocket higher. The connection between rising jobs and rising rates is a chain reaction-type link, … [Read more...]