Posts Tagged ‘jobs report’
Within the next 48 hours, mortgage rates may get bouncy. The Federal Open Market Committee will adjourn from a 2-day meeting and October’s Non-Farm Payrolls report is due for release. Of the two market movers, it’s the Non-Farm Payrolls report that may cause the most damage.
Tags: jobs report, Non-Farm Payrolls, Unemployment Rate
Posted in The Economy | Comments Off
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Mortgage markets improved last week on a weak jobs report, expectation for new market stimulus, growing evidence of a global economic slowdown. Rates were especially volatile, too, with the long Labor Day Weekend looming.
Tags: Ben Bernanke, Eurozone, jobs report
Posted in Mortgage Rates | Comments Off
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This week, mortgage rates will be jumpy. As well as a full slate of economic data, because of Labor Day, bond markets will be light on volume. When volume is light, pricing gets volatile.
Tags: bernanke, FOMC Minutes, jobs report
Posted in Mortgage Rates | Comments Off
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Be prepared for Friday morning. Mortgage rates and home affordability could worsen quickly. At 8:30 AM ET, the Bureau of Labor Statistics releases its April Non-Farm Payrolls report and momentum has been strong.
Tags: inflation, jobs report, Non-Farm Payrolls
Posted in The Economy | Comments Off
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Last week marked the 3rd consecutive week through which conforming mortgage rates dropped, the longest such streak since February. This week, the jobs report is due.
Tags: FOMC, Greece, jobs report
Posted in Mortgage Rates | Comments Off
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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…Read the Rest of Article
Tags: jobs report, rates
Posted in Mortgage Insights | Comments Off
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