Mortgage Report: Week of May 1st - 5th

Posted on May 2, 2006 at 7.51 PM

This Friday will bring the Jobs Report showing how many jobs the US economy added during the month of April. Bernanke and his team will dissect this report very closely because the next Fed meeting is on Wednesday. Bonds have been trying to stabilize recently but have been on a clear downtrend in recent weeks causing home loan rates to rise. If news this week continues to be strong and positive for the economy look for home rates to continue to tick higher.

Post a comment


To help maintain the integrity of the conversation we ask that each user simply paste the keyword (below in red) into the confirmation field below. Sorry, but if you forget this step, your comments will not be saved!