Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Cinco de Mayo Daily Lock Advisory 5/5/2011
Thursday's bond market has opened in positive territory again after a surprise jump in new unemployment claims. The stock markets have reacted as expected with the Dow down 98 points and the Nasdaq down 4 points. The bond market is currently up 10/32, which should improve this morning's mortgage rates by approximately .125 - .250 of a discount point.Today's economic data came from the Labor Department who posted the 1st Quarter Productivity and Costs report along with last week's unemployment figures. The productivity index rose at a 1.6% annual rate, exceeding forecasts of a 1.0% increase. However, this is good news because more worker productivity allows the economy to grow at a faster pace while helping to keep inflation risks lower. Even though this was favorably news for the bond market, it is not what is driving this morning's bond buying and stock selling.The influential data of the morning was the spike in unemployment claims. It was announced this morning that 474,000 new claims for unemployment benefits were filed last week, greatly exceeding forecasts of 400,000. This was the highest number of new claims since last August. It should be noted that some anomalies in the data could be a result ... more

__________________________________________________
Are you on The Rain? Grow Your Network!