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After the Phillies dropped the first two at home, I should have known that this would happen, too.
Not only did September's job data exceed expectations, but August's net loss of 4,000 jobs was revised higher to a net gain of 89,000. That's a bigger swing than Montpelier.
Mortgage rates are getting bludgeoned this morning as traders:
Me, I am more surprised that the Non-Farm Payrolls report has this much sway. Statistically, it's somewhat insignificant.
Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator click to get a free, no-obligation rate quote.
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