After Friday's reaction to a job report that show about one third more jobs created than the market expected, the euphoria had fully dissipated today. Stocks here shuffled and poked around the bottom of the market like so many catfish. The price of crude oil gushed to over $43 per barrel today as MBS bonds remained flat. I am currently floating rates on closings over 30 days out having locked all my short term closings at great rates. The Dow closed down 14 basis points today.
Richmond, TX
Jeff,
Thanks for the update on the financials! I hope you have a good start to your week!
Aug 08, 2016 09:01 AM
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker
Oil up is a good thing in my part of the world Jeff Jensen
Aug 08, 2016 11:11 AM
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Kartik Subramaniam
Rancho Cucamonga, CA
Adhi Schools, LLC - Rancho Cucamonga, CA
Market Analysis--Educational Content, Adhi Schools
Great, concise update. If oil could drop again for a few weeks so gas prices dip a bit before I drive across the country, that would be great
Aug 09, 2016 05:30 AM
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Bob "RealMan" Timm
Minot, ND
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