Jobs Report Near Target

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Today was the big day when the government reported its tally of new non farm jobs.  Today's report showed 178,000 new jobs creates versus the 180,000 estimate and 28,000 less than ADP reported earlier in the week.  Crude oil cooled off a bit after the euphoria following the announcement of the production cuts by OPEC and other nations.  The next big event will be the Fed OMC meeting next Tuesday and Wednesday.  Most everyone expects a .25% post election rate hike.  The hike is already priced in to mortgage rates.  The Dow lost 21 points on the day.

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