Fantastic Friday all~

Bonds opened sharply lower this morning due to the better than expected numbers from the Jobs Report.

The Jobs Report showed 243,000 jobs were created, far above the estimates of 150,000.  A whopping 257,000 private jobs were created, much higher than the 168,000 expected.  Upward revisions to November and December added another 60,000 jobs to what was previously reported.  And adding to the euphoria was a 0.2% decline in the Unemployment Rate, bringing it to 8.3%...the lowest since Feb 2009!

The pace of the improvement in the labor market is a bit muddled at best, but the trend seems to be improving over time, and is welcome news for the struggling housing market.

Today's Base Rates:
Mortgage Product      Rates:    Points —Based on 15-day lock.
30 Year Fixed Conf       3.75%        .72
15 Year Fixed Conf       3%             .79                                           
30  Year FHA Conf       3.75%          0