JOBS, JOBS, JOBS
The unemployment rate report (a market mover) is in this morning and was lower than expected. However, not so much lower to power the Fed into making any tapering changes to the bond program at the end of December meeting according to my experts. The forecast is for the bond purchase tapering talk to take place at the March Fed meeting after Janet Yelson is Fed President.
What all this means is that stocks are up and mortgage rates shouldn’t go up in the short term. That’s the good news,