| Last | Change | Percent | |
| S&P Futures | 1631.1 | 8.4 | 0.52% |
| Eurostoxx Index | 2695.6 | 19.4 | 0.72% |
| Oil (WTI) | 94.28 | -0.5 | -0.51% |
| LIBOR | 0.275 | 0.001 | 0.33% |
| US Dollar Index (DXY) | 81.47 | -0.067 | -0.08% |
| 10 Year Govt Bond Yield | 2.11% | 0.03% | |
| Current Coupon Ginnie Mae TBA | 102.2 | 0.1 | |
| Current Coupon Fannie Mae TBA | 100.6 | -0.1 | |
| RPX Composite Real Estate Index | 202.2 | 0.3 | |
| BankRate 30 Year Fixed Rate Mortgage | 3.98 |
Markets are higher after the jobs report came in pretty much in line. Bonds and MBS are flat / down small.
The jobs report showed that nonfarm payrolls increased by 175,000 in the month of May, slightly higher than Street estimates (which were lowered after the ADP report). April was revised downward from 165k to 149k. The unemployment rate ticked up from 7.5% to 7.6% as the labor force participation rate ticked up from 63.3% to 63.4%. Earnings and workweek were flat. Since the report was pretty much in line with expectations,we aren't seeing any big reaction in the markets.
Remember my question about mortgage rates on Wednesday? Basically how did the Bankrate average 30 year mortgage rate jump from 3.9% to 4.1% when the bond market was flat and we had a weak day in Fannie TBAs? Well, whatever it was, it has been reversed, as the Bankrate average 30 year mortgage rate fell 18 bps back to 3.98%. Strange.
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