From the daily archives: Friday, May 7, 2010

Markets Ignore The April Jobs Report And It’s Good News For Mortgage Rates

By On May 7, 2010 · In Jobs

Despite 290,000 jobs created in April 2010 — nearly twice the expected amount — and a 40 percent upward revision of March’s numbers, mortgage rates are essentially unchanged. In a normal environment, rates would be higher. Today is not normal.

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