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.
Santos
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