MBS Update: ADP Employment Right in Line With Forecast

Mike Hardy

Mortgage Advisor

Fairview Mortgage Capital, Inc.

M: (562) 370-0544

mortgagemike562.com

29000 S. Western Ave.
Suite 210
Rancho Palos Verdes CA 90275

License:

NMLS #1175689

DRE #01326046

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

ADP Employment Right in Line With Forecast

Wed, Dec 4 2024, 8:18 AM

ADP Employment
- 146k vs 150k f'cast, 233k prev

Bonds were moderately weaker overnight but have bounced back ever so slightly after this data. MBS are down about an eighth of a point and 10yr yields are up 4.3bps at 4.267.

More MBS and Treasury Markets

MBS Recap:

No Whammies From Powell as Rates Rally on ISM Data - Today, 9:34 PM

MBS Morning:

Friendly Data Helping Erase Overnight Weakness - Today, 5:00 PM

MBS Update:

Stronger Gains After Weaker ISM Data - Today, 3:03 PM

MBS Recap:

Friendly Fed Comments No Match For The Range - Tue, 8:53 PM

MBS Alert:

Weakest Levels of The Day - Tue, 4:04 PM

Mike Hardy

Mortgage Advisor

Fairview Mortgage Capital, Inc.

M: (562) 370-0544

mortgagemike562.com

29000 S. Western Ave.
Suite 210
Rancho Palos Verdes CA 90275

License:

NMLS #1175689

DRE #01326046

Ask Me a Question

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The interest rate data provided in this newsletter are national averages from independent data sources. Rate/APR terms may differ from those listed above based on the creditworthiness of the borrower. All information provided "as is" for informational purposes only, not intended for trading purposes or financial advice.

Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.