Tomorrow brings the important Jobs Report. The recent economic data and jobs-related readings point to continued improvement in the labor market. It would not be a surprise to see the report meet or even exceed expectations and as a result, Mortgage Bonds, which have rallied of late, may suffer some.

So I am advising to lock in advance of tomorrow‚s report, which could bring a volatile market reaction.

However, with the drama unfolding out of Europe and the prospect of another round of Quantitative Easing (QE3) and overall uncertainty, should continue to support Bonds in the longer-term sideways trend, leaving home loan rates at relatively low levels.


Leonard Winslow
Direct: 434-760-2580
943 Glenwood Station Lane, Suite 200
Charlottesville, Va. 22901
mailto:leonard.winslow@newamerican.com
web: www.newamerican.com/leonard.winslow
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