| Last | Change | Percent | |
| S&P Futures | 2050.5 | -4.5 | -0.22% |
| Eurostoxx Index | 3069.3 | -65.8 | -2.10% |
| Oil (WTI) | 48.53 | -0.3 | -0.53% |
| LIBOR | 0.252 | 0.001 | 0.40% |
| US Dollar Index (DXY) | 92.24 | -0.132 | -0.14% |
| 10 Year Govt Bond Yield | 2.00% | -0.01% | |
| Current Coupon Ginnie Mae TBA | 105.3 | 0.1 | |
| Current Coupon Fannie Mae TBA | 104.9 | 0.1 | |
| BankRate 30 Year Fixed Rate Mortgage | 3.89 |
Markets are lower after the jobs report. Bonds and MBS are up.
- Payrolls up 252k (240k expected)
- Two month revision +50k
- Unemployment rate 5.6% (5.7% expected)
- Labor force participation rate 62.7% (back at the lows)
- Average Hourly Earnings -.2% month-over-month (+ .2% expected)
Overall, the payroll number and the unemployment numbers are positive, while the labor force participation rate and average hourly earnings were disappointing. The labor force actually shrunk by 273,000 workers. Call it a mixed bag.
Credit is getting easier in the mortgage market: The mortgage credit availability index ticked up in December
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