Yesterday, mortgage backed securities closed at their highest prices since early December which allowed lenders to offer the best mortgage rates seen in 2010. These improvements have extended over into today after some unexpected news from the Obama Administration. But first a recap of morning economic data… First to be released was weekly jobless claims. This report gives us several readings on the number of Americans who filed for unemployment benefits in the previous week: Initial claims totals the number of first time filers. Continued claims totals the number of Americans who continue to file for unemployment benefits due to an inability to find a new job. Extended benefits totals the number of Americans who are receiving emergency benefits beyond the traditional time allowed to...(read more)

Comments are closed.