Following this morning’s much worse-than-expected November jobs report, mortgage bonds are up 47 basis points, which brings rates down by about .125% so far today—when bond prices rise on a rally, rates drop. [UPDATE 3:20 ET: rates up again as 47bps gain goes to zero] The report showed 50,000 private sector jobs were gained, so
BLS
Following this morning’s better-than-expected October jobs report, mortgage bonds are down 50 basis points which brings rates up by about .125%. The report showed 159,000 private sector jobs were gained, and the economy has now added 1.1m private sector jobs this year. Commentary and charts below. The economy gained +151,000 non-farm jobs in October—the administration
Following this morning’s worse-than-expected September jobs report, mortgage bonds are up 34 basis points continuing a six session up-trend that’s brought rates down by .2%. The report showed 95,000 non-farm payrolls were lost and 64,000 private sector jobs were gained. Despite the private sector adding 863,000 jobs this year, the overall jobs report was perceived
Don’t Fight The Fed At this point, expectations are that the overnight Fed Funds rate stays near 0% well into 2011, if not further. And traders know the old saying, “Don’t fight the Fed”. We’ve already seen this with low rates – and no one expects rates to trend higher in the near future. For
Currently the Dow is up 72 and mortgage bonds are down 47 basis points, bringing rates up by about .125% following the better-than-expected Bureau of Labor Statistics jobs report showing 67,000 new private sector jobs in August, positive revisions for July, and 763,000 new private sector jobs in 2010. Commentary and charts below. The BLS
Currently the Dow is down 120, S&P is down 15, and mortgage bonds are up 25 basis points, bringing rates down by about .125% following the Bureau of Labor Statistics report showing only 71k private payrolls were added to the U.S. economy in July, and June was revised down 100k. Additional commentary and charts below.
Rates have dropped to new record lows twice in the last month, with the most recent record rate lows coming between June 23 and July 1. And despite the June jobs report today showing the biggest monthly job losses in 2010, rates couldn’t break any lower. The Bureau of Labor Statistics non-farm payroll report showed
Currently the Dow is down 225, S&P is down 25, and mortgage bonds are up 59 basis points, bringing rates down by about .125% (and perhaps more if this mortgage bond rally holds) on two factors: (1) Hungary is the latest EU country to announce that their economy is in a very grave situation, and
Survey: Which Lenders Are Most Profitable With all of the talk in the past two years about owning a bank or not owning a bank, it is interesting to keep in mind some recent findings of the semi-annual MBA/STRATMOR Peer Group Survey. The study divided mid-level retail mortgage originators into two groups, one owned by
The unemployment rate was 4.8% in December 2007 when the recession was declared official, and as of the April 2010 jobs report on Friday, it was 9.9%. We did have the best monthly gain in jobs in four years on the April report with +290k jobs (or +224k ex-Census workers), but we’ve lost 7.72m jobs
The Bureau of Labor Statistics non-farm payroll report showed that the economy added 290,000 private sector jobs in April. The job loss toll since the recession began in December 2007 at 7.72 million, but this is the biggest monthly gain in four years, and the U.S. has added 573k jobs since January. Bond markets that
Today, ADP, a provider of payroll services to 22 million Americans employed in the private sector, released their monthly jobs data which showed that the economy gained 32k jobs in April; these numbers don’t include 2010 Census hiring. Expectations called for a gain of 30k jobs, and bond markets initially rallied on the news, pushing
The Bureau of Labor Statistics non-farm payroll report showed that the economy added 162,000 private sector jobs in March. Twenty-four of the last 28 months have shown losses, putting the job loss toll since the recession began in December 2007 at 8.131 million. But this is the biggest monthly gain in three years. Bond markets
Today, ADP, a provider of payroll services to 22 million Americans employed in the private sector, released their monthly jobs data which showed that the economy lost -23k jobs in March, but these numbers don’t include 2010 Census hiring. Expectations called for a gain of 40k jobs, and bond markets initially rallied on the news,
The Bureau of Labor Statistics non-farm payroll report showed that the economy lost 36,000 private sector jobs in February. January was revised from -20k to -26k jobs lost and December was revised from -150k to -109k jobs lost. This means 25 of the last 26 months have shown losses, putting the job loss toll since
20k Jobs Lost In January, 8.42m Lost Since Recession Began December 2007 (Charts), 9.7% Unemployment
The Bureau of Labor Statistics non-farm payroll report showed that the economy lost 20,000 private sector jobs in January, and December was revised from -85k to -150k. This means 24 of the last 25 months have shown losses, putting the job loss toll since January 2008 at 8.42 million. In 2009, 4.8m jobs were lost.
Load More