Initial Reaction – Jobs Report
by Tom on December 4, 2009
in Market Musings, Mortgage Rates
Number of jobs lost – only 11,000.
Unemployment – down to 10%.
First Reaction – that’s going to make for an ugly day in the mortgage rate market.
Second Reaction – when you compare the ADP jobs report (160K lost) to the official jobs report (11K lost) something’s out of whack. Time will tell, but expect rates to be higher today.
Tom Vanderwell
Technorati Tags: Jobs Report, Mortgage Rates
