Poor reads on housing and manufacturing helped mortgage rates move back to historic lows yesterday. However as the day progressed mortgage-backed securities prices fell from their highs and some lenders were forced to reprice for the worse. Rate sheet recalls were not broad based though. We had only one economic report this morning: Weekly Jobless Claims. Released by the Department of Labor, this report provides three timely metrics on the health of the labor market: Initial Jobless Claims: totals the number of Americans who filed for first time unemployment benefits in the previous week Continued Claims: totals the number of Americans who continue to file for benefits due to an inability to find a new job Extended and Emergency Benefits: totals the number of Americans who have exhausted their…(read more)
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