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Mortgage Market Update - 4/3/08

The jobless Claims reported that Unemployment surged last week the highest level since 2005. This news has calmed the Stock Market and all eyes will be on the Monthly Job Report due out tomorrow. Economists are expecting to see 50,000 job cuts. If the report post greater than 50,000 then the stock market will be down and the Bond Market could surge...giving us lower mortgage rates tomorrow.

If you are holding rate locks...Pay close attention to this report tomorrow. I have Friday pegged as the best day to lock this week...(But I have no crystal ball!)

Good Luck...

Posted by Sherry Connor on 04/03/2008 12:42 PM

Comments (3)

mortgage market update, sherry bradley, refi, finance, refinance, investment, mortgage loan officer

3 Comments on Mortgage Market Update - 4/3/08

APR

2008

I thought you had the crystal ball this week, dang who has it

Sherry,

Should I go to Vegas with your predictions?

Jim

Joe - I gave the crystal to you! I think you threw it out the window with your 8 ball!

Jim...Probably not...but what we all should have done was invest in Bear Stearn at $2 per share and cashed it in a week later at $10 a share. . .Now that is a good Vegas Trip!

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