6 August 2009 ? Today the bond market opened up slightly around 6bps and are currently up 9bps. We had a slight movement down after the unemployment claims dropped, however dismal retail sales immediately turned the bonds back into the positive territory. We have had six straight weeks of decline in the moving average of jobs lost which may be an indicator of a slightly improving job market. The jobs report is due to be released tomorrow morning and again this can affect the bond market. We will be watching closely to see the impact of this report. The Dow is currently down 10. The 30 year rate remains around 5% and the 15 year around 4.625%.Email This Post To a Friend.
Today’s Mortgage Rates Still Around 5% on 30-Year Fixed Loans
August 6, 2009
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