Daily Market Update 4/3/08

Mortgage rates improved this morning as Weekly Jobless Claims jumped to 407,000, the highest level since September 2005. Levels above 400,000 are consistent with a weakening labor market. All eyes are now on tomorrow’s release of the Employment Report for March. A poor showing would increase the likelihood of recession and could move rates slightly lower.

Leave a Reply

Your email address will not be published.

Back to top