Morning MU (Market Update)

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | December 4th, 2009

Share Tweet

Currently we are down 50 bp this morning after the jobs report came out earlier. Only 11k jobs were lost in November (everyone was estimating close to 125k).  While this is good for the economy, its bad for interest rates. MBS have currently broken the 2nd level of support, and stocks are going upwards due to the weakening bond.

Hope you secured your loans yesterday as rates are going one direction at the moment- UP!

Tags: jobs report, rates | Category: Mortgage Insights |