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How Did The Employment Report Affect Mortgage Rates?

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How Did The Employment Report Affect Mortgage Rates?

When looking back on the week that was, it seems like mortgage rates went on a wild ride. Lenders repriced for the better and lenders repriced for the worse, sometimes they did both on the same day. Yet, ahead of the most influential economic report released by the government, rates managed to find their way back to where they started the week: NEAR 2010 MORTGAGE RATE LOWS. At least until 8:30am this morning....

Published Fri, Mar 03 2010 9:57 AM by Victor Burek

Filed under: mbs, mortgage rates, unemployment rate, bls, non farm, employment report

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Two Brits were playing chess. Liam said to John, "Hey, do you want to make this more interesting?" John said, "Sure." So they stopped playing. One thing...

Mortgage Rates:

30 Yr FRM 3.90%
|
15 Yr FRM 3.26%
|
Jumbo 30 Year Fixed 4.15%

MBS Prices:

30YR FNMA 4.5 106-16 (-0-04)
|
30YR FNMA 5.0 107-30 (-0-03)
|
30YR FNMA 5.5 108-29 (-0-01)

Recent Housing Data:

Mortgage Apps -1.01%
|
Refinance Index 0.83%
|
NAHB Builder Confidence 16.00%

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