february-unemployment-levels-very-weak-bonds-improve

By:: Paul King - MortgageLoan.com

With the release of February's weak unemployment data, bond markets yesterday bonds have improved today. Nevertheless, rates will increase again today by about .25 to price as a result of weakness yesterday afternoon. The unemployment rate improved slightly in February over the level it had been at in January. This improvement was not attributed to a better job market, but rather to a shrinking workforce. Payroll numbers came in showing loss of 63,000 jobs compared to an expected gain of 25,000. This seriously weak data is good news for mortgage rates.

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