Here is today's news for mortgage pricing and rates.
Still plenty of uncertainty in the marketplace, especially globally with China and Greece but as things start to format a direction I believe we will see improvement to the US Bonds and Treasuries.
Even in Fed Chair Yellen's speech yesterday expressing a desire to finally lift the overnight funds rate from 0 she is most likely going to be very cautious not to upset a very weak and fragile marketplace.
I think these combination of factors will lead us to improvements for rates and recovery of recent losses.
Also don't buy into the crap about jobless claims and continued claims improving, the feds are WELL aware that the REAL unemployment number is closer to 10% not the sub 6% being claimed.
Here is the actual data from today...
The number of people filing for unemployment benefits in the U.S. declined for the first time in four weeks. Jobless Claims fell -15K to 281K from a revised 296K prior. The four week average for Jobless Claims rose to the highest level since April, up from 279,250 to 282,500. Continuing Claims fell by -112K to 2.215 Million vs. 2.327 prior. Treasuries declined for the first time in three days after Janet Yellen stated yesterday that she sees a rate hike happening later this year in her semi-annual testimony, and as Greece moves closer to safety in the Euro. The curve has bear flattened
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