Mortgage Market Insight May 3rd

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Morning News: Initial Jobless claims drop to 365k forecast was 381k last report was 392k (revised up from 388k. ISM Non-Manufacturing PMI came in at 53.5 forecast was 55.5 last report was 56. Equities have rallied on the jobs report this morning but Euro zone issues linger in the background Advise leans toward locking ahead of jobs reports tomorrow and we are at all -time highs with bonds the downside risk of higher interest rates if investor emotion changes. Have a great day!

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