Archive for September, 2007
Bonds Up On Weak August Jobs Report
7 September 2007Today’s market rallied after weak jobs data was reported for August. Rates should improve today by .375 of a point. The Labor Department reported that although the jobless rate remained steady, the number of new jobs created actually came in at a loss of 4,000 jobs. Additionally we saw downward revisions to June and July [...]
Week’s Focus is on Friday’s Unemployment Report
4 September 2007The bond market opened down after Labor Day weekend, following stock market gains. Mortgage rates should increase today by approximately .125 of a point.
The ISM (Institute for Supply Management0 posted the manufacturing index for August this AM, indicating a decline very close to forecasts. It had no impact on mortgage pricing today. [...]