Market Insider

By
Mortgage and Lending with Senior Loan Officer at US Bank Home Mortgage NMLS # 273204

 

 

Market Insider


 Not a good start this morning in the bond and mortgage markets. This is employment week when most attention is directed to working the estimates all week; current thoughts are for jobs to increase 185K with non-farm private jobs +220K and unemployment unchanged at 9.0%. The forecasts likely to be moving all week; on tomorrow we get a look at what ADP estimates, presently it is expected to show an increase of 170K private jobs. 

 Market data was weaker than expect so bond and mortgage rates have improved from where they started.

 

Comments (1)

John Saari
Worcester, MA
"The Mortgage Buddy"

Nice post Jon. It should be an interesting week of data. Good luck.

May 31, 2011 05:33 AM