Rates haven't changed much! But the news today that Japan had thrown huge amounts of money into their market to debase their currency could have other countries doing the same. Korea with its low currency is definitely winning the car wars. I say about 6X more people at the Kia Store locally than at the Honda Store down the street! This will eventually led to inflation on a worldwide scale.
The Day Ahead: Jobless Claims
Upward pivot for Jobless Claims is bad news for the unemployed. The March 23 week saw the sharpest weekly increase and the highest level of the year, both now exceeded by the March 30 week with initial claims up 28,000 to 385,000. The 4-week average also shows its largest increase and highest level of the year, up 11,250 to 354,250.
Dow is trading at 14,585+34.22 the 10 yr bond is at 1.78 from 1.83 Yesterday, . Currently mortgages arebetter from Yesterday
Conv. - 3.5%
Average - 3.58%
FHA. - 3.25%
Have a super Thursday!!!
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