I hope that everyone is having a great Saturday. Rates went lower on Thursday with the disappointing joblessness rate!
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Last week: Very Disappointing Job Reports
Today's employment report was very disappointing even though the unemployment rate eased-for the wrong reason. Nonfarm payrolls rose to a meager 88,000 from 268,000 in February.Private Payrolls increased 95,000 from 254,000 in February,. expectations were for a 200,000 gain. The unemployment rate edged down to 7.6 percent in March from 7.7 percent the prior month. The consensus projected a 7.7 percent unemployment rate. The decline was due to a drop in the labor force.The U.S. trade balance in February unexpectedly narrowed somewhat. The trade gap improved to $43.0 billion from $44.5 billion in January.
Dow is trading at 14,468-145.22 the 10 yr bond is at 1.70 from 1.78 Yesterday, . Currently mortgages are better from Yesterday
Conv. - 3.375%
Average - 3.40
FHA. - 3.25%
Last year - 3.96%
Have a super weekend!!!
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