After either tying or setting new record low interest rates for ten consecutive weeks, stronger than expected employment, housing and manufacturing data led mortgage rates lower last week. Against a consensus forecast for a decline of 110,000 jobs, the economy only lost 54,000, with temporary census workers accounting for 114,000 of the lost jobs. Private payrolls climbed 67,000 in August after a revised 107,000 increase in July. The Unemployment Rate rose to 9.6% from 9.5%, because the number of people out looking for work overwhelmed the number of openings. The S&P/Case Shiller 20-City Home Price Index showed a 1% increase in June from May, and climbed 4.4% in the second quarter from a year earlier. Pending Home Sales unexpectedly rose 5.2% in July after a 2.8% drop the prior month. Sales rose in all four regions, led by a 12% jump in the West and a 6.3% rise in the Northeast. The Institute for Supply Management’s Manufacturing Index rose to a three-month high in July, welcomed news since manufacturing accounts for about 11% of the economy. Also, the Consumer Confidence Index rebounded from a five-month low. Currently, the 30-Year Fixed is at 4.000% (4.141% APR) and the 15-Year Fixed is at 3.500% (3.749% APR). The markets will be closed for the Labor Day holiday. And later this week we will see the Fed Beige Book report and Treasury auctions.