Knowing when to lock or float in today’s volatile market is important my service with Rate Alert allows me to stay on top of the market and educate my clients and give them sound advice. Here is today’s Market update from Rate Alert service.
April Non-Farm Payrolls 223K vs est of 218K March revised from 126K to 85K
Unemployment Rates 5.4% vs est of 5.4% Average hourly wages 0.1% vs est of 0.2% No clear direction here….the wages did increase but not by levels that could cause the Fed to move towards a June rate hike.March was revised even lower but April was a solid reading and the 6 month moving average is still 255K
