Market Commentary | November 8, 2013

Mortgage and Lending with Caliber Home Loans, Inc NMLS# 246871


by Caliber Home Loans, Inc or special contributors on 11/08/13

Weekly Update | November 8, 2013


After seeing moderate volatility early in the week alongside of numerous Fed speakers, mortgage rates drastically spiked after Friday morning's monthly Nonfarm Payroll release of 204,000 new jobs, which was much better than its 120,000 estimate. Unemployment met its estimation of 7.3 percent, slightly worse than its prior 7.2 percent, with the Labor Participation Rate falling to 62.8 percent from its prior 63.2 percent estimate.

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