Good Morning,
I hope your Thursday is off to a great start. 88 Days until the expiration of the $8,000 First Time Home Buyer's Tax Credit. Have you been in touch with a trusted Real Estate Agent yet to help you capture this fabulous opportunity?
In the Markets today, Mortgage Bonds opened a little lower this morning, as Traders may be exercising caution ahead of today's Treasury Auction and tomorrow's official Jobs Report.
In other news, Initial Jobless Claims were reported slightly worse than expected and the four-week average of new claims rose to its highest level in eight weeks. Overall, the report indicates that the labor market is still having difficulty. This comes ahead of tomorrow's official Jobs Report, which is the best measure we have of real-time job creations and losses.
Working against Bonds is the Treasury Auction, the potential for a better-than-expected Jobs number, and other technical factors. Weighing it all out, I recommend locking at this time as rates could jump higher short term. If the situation changes, I will certainly let you know. In the meantime, if there is ever anything I can do for you, please let me know. I hope that you enjoy the rest of your day.
Thursday, September 3, 2009
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