The big news of last week was the Jobs Report. The adjusted November numbers showed that the market gained jobs while December’s unadjusted numbers showed we again lost numbers to the tune of 85,000, more than expected. This leaves the Unemployment Rate at 10.0%.
I urge you to read more about these numbers and what is behind them in this week’s MMG Weekly especially the 661,000 people that have left the workforce!
Volatility will be the name of game this coming week.
The Treasury will auction a total of $84 Billion of 10 year TIPS, 3 year notes, 10 year note and then 30 year notes, Monday, Tuesday, Wednesday, and Thursday respectively.
On Thursday, we get the Retail Sales which gives us a broad indication of consumer spending patterns. Also Initial Jobless Claims will be reported on Thursday.
Then on Friday, we get another round of important data. This time, the Consumer Price Index and Consumer Sentiment Index!
Again, I urge you to read about this week’s MMG Weekly. And included in this week’s report is an article on “Exercises That Don’t Cost a Dime.”
You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am.
And as always, I will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day. If one of these reports moves the market in a significant manner, I’ll write about it here.
Please remember, I welcome your comments to this and my other posts.
To an inspiring week,
Betsy Moore
206-331-2749
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