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Why Over 8% Unemployment Could Lie Ahead
Posted to: Around The Web
Monday, February 18, 2013 1:59 AM

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Severe fiscal tightening in the U.S. will lead to no growth or a contraction in the first two quarters of 2013 and will push unemployment over the 8 percent level, according to Lombard Street Research.

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Mortgage Rates:
  • 30 Yr FRM 4.02%
  • |
  • 15 Yr FRM 3.24%
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  • Jumbo 30 Year Fixed 4.20%
MBS Prices:
  • 30YR FNMA 4.5 106-26 (-0-01)
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  • 30YR FNMA 5.0 108-05 (-0-06)
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  • 30YR FNMA 5.5 108-26 (-0-05)
Recent Housing Data:
  • Mortgage Apps -3.25%
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  • Refinance Index -3.43%
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  • Purchase Index -3.04%
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