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Atlanta, GA Market Update - September 2, 2010
Thursday continues to be another bad day for mortgage bonds and mortgage interest rates.  The Initial Jobs Claims report was released this morning.  Claims fell by 6,000 to 472,000.  This is slightly better than the expected 475,000. 
This has given some optimism heading into tomorrow's Nonfarm payrolls.  Expectations are for Nonfarm payrolls to show a loss of approximately 100,000 to 120,000 jobs. 
There was an unexpected increased in Pending Home Sales for July.  There was a 5.2% month over month increase.  Little change was forecasted. 
All of this positive data has treasuries and mortgages declining this morning.  This in turn, leads to higher interest rates.
 


 
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