Thursday, February 7, 2019

Rates moving sideways as jobless claims drop 19000

Rates moving sideways as jobless claims drop 19,000
http://bit.ly/2WKruMG
Weekly jobless claims this morning 234K -19K from last week’s increase due to the shutdown...
Message: TODAY'S RATE FORECAST: NEUTRAL Jobs: Weekly jobless claims this morning 234K -19K from last week’s increase due to the shutdown. Claims were thought to be 223K. Claims by former Federal workers totaled nearly 6,700 in the week, a decrease of more than 8,000 from the prior week. Though the 4-week average for initial claims is up 4,500 to 224,750 for the second rise in a row, the level is tracking only several thousand higher than mid-January which is an early and favorable indication for February's labor conditions. Jobs are still plentiful. #RaleighMortgage #TheMoreYouKnow #MortgageRates #RaleighRealEstate

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