Against a consensus forecast of 170,000, the economy added 236,000 jobs in February, which is great news for the economy, but bad news for mortgage-backed securities. MBS hit lower levels on Friday due to the unemployment rate dropping.
Employment data causes MBS decline
Most Popular Articles
Latest Articles
Key housing markets are starting to buck national trends: Redfin
Some markets in Texas and Florida that have experienced outsized growth in demand are now showing signs of a pullback.
-
Median payment on purchase mortgage applications rises to $2,201: MBA
-
HUD, USDA reach accord on energy-efficiency standard for new construction
-
U.S. mortgage delinquency rates remain near historic lows: CoreLogic
-
HomeServices settles commission lawsuits for $250M
-
Kristen Sieffert leads the reverse mortgage presence at The Gathering