Jobs, Jobs, Jobs
3/5/10 Mortgage Backed Securities are minus 47bp this morning. Job losses are fewer than expected. This has put the stock markets in a good mood this morning. The entire week seemed to be building toward this number. The bond markets are getting crushed. This could be the catalyst for the upward trend in rates. I have left the information up regarding the 6 year history of rates below. Remember to lock your loans and have a great weekend.

I have listed the...