BMIC Mortgage Blog

Market Highlights - Friday November 08, 2013

November 8th, 2013 10:07 AM by Gary Schiller

The October jobs report came in today up 204,000 jobs. The market had been anticipating a number close to 120,000 jobs, so this was a huge surprise. Subsequently, mortgage bonds are much lower, which will cause mortgage interest rates to be worse today.

Stocks are slightly better in early trading this morning.

Posted in:General
Posted by Gary Schiller on November 8th, 2013 10:07 AM