Mortgage rates held steady near the lowest levels of the year yesterday. That was a dominant theme this week. Regardless of volatility in the stock and bond markets, MBS prices moved quietly sideways in a tight range. Mortgage pricing did manage to improve a few basis points though, only after lenders passed along pricing gains that were due last week though. Unfortunately the rebate offered up wasn't sizable enough to push the par 30yr fixed mortgage rate another 0.125% lower to 4.50%. Not until today at least… The Bureau of Labor Statistics published the official Employment Situation report this morning. Released on the first Friday of every month, the official Employment Situation report provides an in-depth look into the health of the driving force behind consumer spending: THE JOB…(read more)
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