Wednesday, October 23, 2013

The Mortgage Update 10/23/2013

Mortgage rates improved quickly yesterday after a surprising Jobs Report was released. Economists had predicted job growth had improved, however the actual employment numbers were weaker than expected. Overnight Treasuries rose for a second straight day on speculation the Fed will delay plans to begin tapering. Today data should show monthly improvements in import price and housing cost indices. The market volatility index is the lowest it has been since May; let’s see if we can maintain yesterday’s gains in the market






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