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OGI Mortgage Bankers

not a good start this morning 5-31-2011

Tuesday, May 31, 2011 - Article by: OGI Mortgage Bankers - Message

Not a good start this morning in the bond and mortgage markets. This is employment week when most attention is directed to working the estimates all week; current thoughts are for jobs to increase 185K with non-farm private jobs +220K and unemployment unchanged at 9.0%. The forecasts likely to be moving all week; on tomorrow we get a look at what ADP estimates, presently it is expected to show an increase of 170K private jobs.

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