Mortgage Bond prices are up against key technical factors and have stalled at current levels. With the crisis in D.C. averted and in the absence of any economic data, Bond prices are slowly drifting lower.
The Labor Department said that it will report the September jobs data on Tuesday, October 22 at 8:30am ET. The October jobs report will be delayed by one week and will be released on Friday, November 8.
Headed into the weekend, I am recommending to Lock after the gains in the last week. Have a great weekend!
Freddie Marmolejo: NMLS# 328534
American Nationwide Mortgage Company: NMLS# 13392