Mortgage Report: Week of April 3rd - 7th

Posted on April 4, 2006 at 10.01 AM

Chairman Bernanke came out last Tuesday and flexed some muscle against inflation and hiked the Fed Funds rate another .25%. He indicated that there were still some inflationary concerns and the hikes may not be over just yet. Mortgage bonds declined and home loan rates increased by about .125%. For this week, the Jobs report number on Friday will be closely watched. A super hot Jobs number will be good for stocks and pull money away from bonds causing home loan rates to rise again. So, Friday's highly anticipated jobs number(198k) will likely dictate the next course of direction for home loan rates.

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