Friday June 3, 2011 14:33
Disappointing Employment Data Could Be Boon for Industry
Mortgage jobs were down by more than 5,000 positions in April. The U.S. unemployment rate increased to 9.1 percent last month from April’s 9.0 percent. But the disappointing data already has the 10-year Treasury yield lower, putting mortgage rates closer to the record-low reached in November 2010.
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