Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!
Friday’s bond market has opened down sharply due to the results of this morning’s Employment report. The stock markets are rallying around the news, pushing the Dow higher by 130 points while the Nasdaq has gained 37 points. The bond market is currently down 34/32, which should translate into an increase in this morning’s mortgage rates of approximately .625 of a discount point. This equates to approximately .125 of a percent in rate.
The Labor Department gave us today’s news that was so bad …
To read the rest of the story click on “mortgage”: mortgage
©Mortgage Commentary 2009
Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com
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