ADP Wednesday Means Non Farm Payrolls Friday coming up

ADP Wednesday Means Non Farm Payrolls Friday coming up




What Is Going On With Interest Rates?  #wigowir


Below is the news when it happened and the market’s reaction.  For a full view of the day start at the bottom and work your way up. If want to know what just happened start at the top. All Times are Eastern Standard Time.  When the price of Mortgage Backed Securities (MBS) goes down rates go up, and when the price goes up rates come down. Remember in the bond market Bad News is Good

News and Good News is Bad news.

Wed, May 03 8:41 AM The April LinkedIn Workforce Report showed a 3.4% increase in hiring from March, the strongest month since June 2015, up 16.7% from a year ago.
Wed, May 03 8:38 AM MBS now edging lower.
Wed, May 03 8:35 AM The 30-year fixed-rate mortgages backed by the FHA increased to 4.06% from 4.03%.
Wed, May 03 8:34 AM The 30-year fixed-rate jumbo mortgage increased to 4.18% from 4.15%.
Wed, May 03 8:33 AM The 30-year fixed-rate conforming mortgage increased to 4.23% from 4.20%.
Wed, May 03 8:30 AM The refinance index declined 5%, while the purchase index rose 4%.
Wed, May 03 8:28 AM The MBAs Market Composite Index, a measure of total mortgage loan application volumes, near unchanged in the latest week.
Wed, May 03 8:25 AM Not much reaction to the push-pull ADP data.
Wed, May 03 8:18 AM S&P futures modestly lower in sympathy with weaker Apple earnings.
Wed, May 03 8:15 AM ADP April Private Payrolls 177K vs the 170K expected. March revised lower to 255K from 263K.
Wed, May 03 8:10 AM Apple reported mixed earnings yesterday and weaker forward guidance.
Wed, May 03 8:09 AM U.S. dollar index 98.91, +0.08.
Wed, May 03 8:08 AM Ahead of ADP, 10-yr yield at 2.28%.
Wed, May 03 8:06 AM MBS look to open near unchanged ahead of this morning's ADP Private Payrolls (8:15) and ISM Services (10). The Fed's monetary policy statement will be released at 2:00 p.m. ET. has attempted to verify the information contained on this post.  However any aspect of such may change without notice. does not provide investment advice and does not represent that any of the information or related analysis is accurate or complete at any time. On October 5th we started posting our rates and leaving them on the site for you to refer back to. This will allow  you see where actual rates have been along with the news that caused the fluctuations on the rate sheet.  I ask that you forgive my spelling and grammatical mistakes. This is due writing skills that are lacking and the need to communicate quickly.  Most of the information posted on this blog along with the charts and indexes are available all during the day to the subscrbers of  The cost of subscription is very reasonable


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