Today was "NFP" Friday, on which the much anticipated 'Non-Farm Payroll" report gets released. This report (generally speaking) has the ability to make waves in the bond markets. Today's report came in pretty strong, with an overall jobs number at 156K (compared to the anticipated 175K). Other aspects of the job report came in closer to the forecast, with Private Payrolls at 167K VS 170K. August's numbers were only at 144K, so in general this report was considered to be "strong". This report was not great news for the bond markets, and then the European market led bonds into even weaker territory. After the European close, bond markets found their footing, ending the day roughly unchanged. Bond markets will be closed on Monday for Columbus Day, but will be re-opened on Tuesday. Check back next week for more mortgage market news and updates on mortgage rates.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 3.53% (+0.01%).
• 15 year (FRM) rates at 2.85% (+0.01%).
• FHA 30 year Fixed rates at 3.35% (+0.05%).
• Jumbo 30 year Fixed rates at 3.68% (+0.01%).
• 5/1 ARM rates at 2.90% (-0.01%).
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