Jobless Claims Surge to 407k. 38k Higher Than Expected

These are pretty rough numbers for Jobless Claims.  This far exceeded even the highest expectations by analysts.  The MBS market is not reacting much to the news right now, but it would not be likely to hurt our pricing.  In general, reports like this help pricing, although we may have to wait and see if there are other factors currently being considered.

Stay in touch for ISM data and more pricing updates in a few hours.