Mortgage Report: Week of May 1st - 5th
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.