The latest jobs report indicates that nonfarm payroll employment rose by 225,000 in January, shattering market expectations of 165,000. The real surprise, however, was the growth of construction-related jobs, which…
___ Published Date 2/12/2020 Rates are a little higher this morning for the 10 yr note; 1.63% +2 bps. Late yesterday, similar to Monday, there was some selling in Treasury’s after…
HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in…
___ Published Date 2/5/2020 Interest rates jumped yesterday, and this morning more increases in early trading. The 10 yr yesterday increased 7 bps, and at 8:00 am ET this morning up…