Action Lending - Mortgage News

06/07/2019 - Weekly Mortgage Update

June 7th, 2019 4:59 PM by Gene Tidgewell

Economic News

The jobs report came out this morning and new job creation was 75,000 new jobs, well below expectations of 185,000. Unemployment stayed at 3.60 % and wage growth was at 3.1 % year over year, below expectations of 3.20 %.

Job participation rate remains unchanged at 62.8 %

 10 Year Bond Yield and Mortgage Rates

The yield on the 10 year bond is at 2.08 at noon today. That is down 32 bps from the last blog. The yield on the 3.00 % mortgage backed security is at 100.67 up 26 bps for the day... With some downs and ups for the week rates are pretty much unchanged from Monday.

 

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Posted in:General
Posted by Gene Tidgewell on June 7th, 2019 4:59 PM

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