Monday, June 05, 2017

Tuesday: Job Openings

by Bill McBride on 6/05/2017 06:18:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Just Off 7-Month Lows

Mortgage rates were modestly higher today after hitting the lowest levels since early November at the end of last week.  Along with mid-April, this is the second time rates have been in this territory in more than 7 months.  Most prospective borrowers will see very little--if any difference between Friday's rate quotes and today's [30 Year fixed at 4.0%].
...
With rates being driven by financial markets and with investors generally on edge ahead of Thursday's congressional testimony from former FBI Director Comey, it makes sense to Friday's momentum to ebb to some extent.  Thursday should remain a focal point for volatility this week.
emphasis added
Tuesday:
• At 10:00 AM: Job Openings and Labor Turnover Survey for April from the BLS. Jobs openings increased in March to 5.743 million from 5.682 million in February. The number of job openings were down 2% year-over-year, and Quits were up 6% year-over-year.