Archive for 'labor department' Category
Rates Mostly Flat
7 February 2008Ratesﾃつ are flat or slightly up today over yesterday based on yesterday afternoon’s bond weakness.ﾃつ ﾃつ The Labor Department posted Unemployment Claims for last week today which were higher than expected.ﾃつ This was the only report related to mortgage rates out today.ﾃつ ﾃつ Typically this report has little to no effect on [...]
Rates Up On Increased Worker Productivity Report
6 February 2008Rates increased today after the Labor Department issued a report that exceeded expected levels of worker productivity and conflicted with concerns about a weakening economy and recession.ﾃつ Rates could increase by .25 to the points today.
The reported gain far exceeded the expected level of .5%, although labor costs were in line.ﾃつ ﾃつ ﾃつ [...]