Rate Update: Rates Down On Weekly Unemployement Report 2008-04-03

By:: Paul King - MortgageLoan.com

Bonds were up today after the weekly unemployment report showed weaker than expected data. Expect rates to improve by a quarter to the points. The focus now is on tomorrow's Employment report from the Labor Department. This report will give us a strong sense of how the economy is doing. If we see weaker than expected figures expect rates to improve. If we see better than expected figures, rates could climb.

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Loan Type	Today	+/-
30 yr fixed	3.78
15 yr fixed	3.06
5/1 ARM	2.69

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