Posts discussing Recession

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04Dec2009
Author
Dan Green
Filed Under
Things That Change Mortgage Rates
The Jobs Report : Good For The Economy, Awful For Mortgage Rates Thumbnail

The Jobs Report : Good For The Economy, Awful For Mortgage Rates

According to the government, the U.S. economy shed just 11,000 jobs in November, a 100,000 job improvement from October and the lowest tally since June 2007. Furthermore, the national Unemployment Rate dropped to 10.0 percent.The data is building economic optimism on Wall Street, forcing a retracement of the flight-to-quality bets made since October. These safe-haven bond buys dropped rates to their lowest levels of all-time last week. This week, not so much.There's a massive MBS sell-off in process. Rates unwound 3 weeks of improvement in the first 3 minutes of trading.

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