jobs report: TGIF - UGLY Jobs Report decreases mortgage rates - 04/04/08 02:41 AM
The March Jobs Report is in - a whopping 80,000 jobs were lost in March making it the worst report in 5 years.  The unemployment rate ticked up from 4.8 to 5.1% and projections were at 5.0%.  Because of this negative news, bonds are currently up +44 basis points.  The rate for a No Money Down, 30-year fixed Loan Amounts over $170k is 5.75%. 
Have a GREAT weekend.

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