The U.S. Treasury market is benefiting again today from fears of a sovereign debt crisis spreading in Europe. Stocks were battered Tuesday and opened lower again today as investors remain concerned Europe will fall back into recession.
ADP, the U.S. payroll processing company, reported its expected employment gains at 32,000 versus the 30,000 that had been projected. This measure is for private employers, so does not include the U.S. Census workers, which is the main reason Friday’s job report is projected to reflect 189,000 new jobs created in April.
Folks, interest rates have fallen substantially the past few days, with 30 year fixed rate conventional loans once again at 4.75% at a yield spread! Combine this with HSOA’s purchase special and it is a great deal for the borrower’s who recently signed contracts to purchase a home.
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