This morning I see that the number is closer to 411,000.
This is not so good for the private sector. Even when we look at the number of "created jobs" at 430,000: that means that 96% of the new jobs are coming from the government...AND are temporary.
Unemployment is still hovering in the 10% range, although with all the 'new' jobs it is being reported at 9.7% today. Here in Montana, we are at 7.1%
Bad news for jobs is good news for the bond market. Investors are dumping money in this morning and the FNMA 4.5% bond is UP 59 basis points on the day. Mortgage Rates just keep getting better.
The key now: get some of the "fear of the market" to subside as consumers really don't care what the rate is if they are not interested or don't think they qualify for a home purchase or refinance.
Cheers,
Bozeman Home Mortgage Lender
Bozeman, Montana
406 799 8613
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Chad Schauers
Montana Mortgage Lender, Bozeman, Montana
Personal Cell: 406 799 8613
Personal Email: metchad@gmail.com
