Mortgage Market Insight July 6, 2012

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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 . Bonds zoom to new heights this morning. A poor jobs report concerns with France now in addition to the existing Euro issues cause a flight to bonds. Non-Farm payrolls add 70k jobs in June forecast was 97k last report 77k (revised from69k) Un-Employment Rate 8.2 & same as forecast and the last report. Bonds upward jump could signal another new trading range. Please keep in mind this is the highest bonds have reached and what goes up can correct also. Advise locking in at these lower rates. Have a great weekend!

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