Tag Archives: nonfarm payrolls

Take advantage of any rally the market gives you and get on the bus before it leaves the station

September 3, 2010

This is a time for Austin mortgage borrowers to be careful. Take advantage of any rally the market gives you and get on the bus before it leaves the station. Continue reading →

If there is a silver lining, you’ll find it in low Austin mortgage rates today, tomorrow, and well into the 3rd quarter

June 4, 2010

Overall, the report does nothing to instill confidence in economic growth. Matter of fact, it’s started a new group of traders and investors fanning the fires of a double dip recession. Bill Gross is now calling for unemployment to go over 10% in the coming months. If there is a silver lining, you’ll find it in low Austin mortgage rates today, tomorrow, and well into the 3rd quarter. Continue reading →

With yields near record lows and mortgage pricing at or near the best levels in some time, its fool’s gold not to lock in your Austin mortgage rates

June 3, 2010

With yields near record lows and mortgage pricing at or near the best levels in some time, its fool’s gold not to lock in your Austin mortgage rates. If traders jump the sell side, we see the trade to be shallow, say .50 bps worsening to mortgage pricing as cross currents from around the globe will still be there to support fixed income products. Continue reading →

Using one standard deviation and a dart board, our bias is for 100k in job losses and a 9.9% unemployment rate

March 4, 2010

Using one standard deviation and a dart board, our bias is for 100k in job losses and a 9.9% unemployment rate. JPMorgan has the call at minus 90K and 9.9%, Barclays at Minus 75K and 9.8%, Wells Fargo at minus 80k and 9.7%, and Credit Suisse the outlier at minus 125K and 9.9%. Continue reading →

Overall, both global and stateside concerns will keep the market on edge and support lower mortgage rates

February 5, 2010

It fits with the technical picture as well since we are now becoming over bought in the near term. Overall, both global and stateside concerns will keep the market on edge and support lower mortgage rates. Continue reading →

The week ahead will be loaded with first tier data including everything from Construction Spending, Housing numbers, and the Employment Report for January

February 1, 2010

The lack of month end buying and rebounding stocks has pinched treasury and mortgage pricing this morning. 10 year notes are off 12/32’s (yield 3.65%), mortgage backs off 6/32’s, and stocks are up 85 on the big board. The week ahead will be loaded with first tier data including everything from Construction Spending, Housing numbers, and the Employment Report for January. Continue reading →

The job numbers seem a little too good to be true

December 4, 2009

Nonfarm Payrolls were down only 11K, the Unemployment Rate fell to 10.0%, and last month’s job losses posting revisions lower by 79K set the table for a “Katie bar the door” bond selloff this morning. Initial reaction punished the 10 year note lower by over 1 point, taking the yield as high as 3.52% (right into good support I might add). Mortgage backs followed suit with worsening interest rates and pricing; 4.50%/4.625% off as much 24/32’s. Continue reading →

For now, let’s call the market neutral with a slightly bullish bias for Austin mortgage pricing

September 8, 2009

Meant to post this Sept. 4. Nonfarm payrolls fell 216K, Unemployment rate jumps to 9.7%, and both June and July job losses were revised higher.  At best, the report is “mixed” with optimists looking at the downward slope of job … Continue reading →

What will this mean to our Austin mortgage rates and Austin mortgage pricing? As always, this number is a market mover and not for the faint at heart.

September 4, 2009

Once again, it’s time for the “Mother” of all economic data releases, the Employment Report for August.  Market expectations are as follows; Nonfarm Payrolls – Minus 220K  (July minus 247K) Unemployment Rate – 9.5%  (July 9.4%) Average Hourly Earnings – … Continue reading →

Better than expected jobs data has put the pinch on our Austin mortgage pricing

August 7, 2009

Better than expected jobs data has put the pinch on our Austin mortgage pricing.  Nonfarm Payrolls fell 247K, less than the consensus estimates of -320K.  The Unemployment Rate, which everyone expected to be at least 9.6%, fell to 9.4%.  This … Continue reading →