Market Watch April

Dated: 04/03/2016

Views: 370

Market Matters


Mortgage Rate Movement



For most people, moving to a new home is a hectic time. It usually involves a decent amount of planning, money, packing and depending on whether or not you hired movers, heavy lifting. When I moved out of state a few years ago, one of the things that helped me avoid feeling overwhelmed ahead of the actual move day was making a checklist. It included tasks like buying boxes, arranging to cancel utilities, getting rid of things I didn’t need, etc. As organized as I thought I was, there was an additional checklist that I wish I would have created to help make things easier – a checklist of who to notify about my move and new address. … read more



Non-farm payroll growth for the month of March rose +215k, beating expectations of +205k growth. In the household report, the unemployment rate rose from 4.92% to 5.00% as 246k more people reported as employed, 151k more people reported as unemployed, and 396k more people entered the labor force. Hourly earnings grew more than expected in March, rising +.3% month over month, bringing the year over year rate back up to 2.25%. Average weekly hours did not fall in the wake of better wage gains, which proved to be another net positive. Market reaction after the jobs release was overly muted in both Treasuries and MBS.
Technically, we are still watching for 10s to break strong resistance at ~1.75% for signs of a push to lower yields. Any trade back through the ~1.85% level would simply stall the bullish rally we’ve seen this past week. For now, we think it’s a great time to take advantage of the improved interest rates and pricing.


April 4 – Gallup US Consumer Spending Measure
April 4 – Factory Orders
April 5 – International Trade
April 5 – JOLTS
April 5 – ISM Non-Mfg Index
April 6 – MBA Mortgage Applications
April 6 – Gallup U.S. Job Creation Index
April 6 – FOMC Minutes
April 7 – Jobless Claims
April 8 – Wholesale Trade


Jason Kaiman
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