The Woodlands Mortgage Company

What happened today?? Mortgage Expert: Non-Farm Payrolls 288K vs est 210K, plus the prior 2 months were revised upward by +36K. The Unemployment Rate hit 6.3% vs est 6.6%....So why was the market down on such "good news"??? Ukraine popped up again as well as the underlying theme the economy is improving but at a very-very slow rate...The 6.3% is also said to be skewed by the participation rate itself ...Rates spiked hard this morning with the 10 year bond reaching 2.66 then retreating to 2.59 early in the afternoon. Texas Premier Mortgage / Steve Head 281-907-6401 x100