It is unusual for the monthly employment report to be released on the first day of the month. Friday, the first day of June, was an exception. Logically, you would think that data released this early would be subject to a higher level of revisions, but we have no statistics to support that theory. What […]
As the deadline for the Federal Reserve’s $1.25 trillion purchase program for mortgage-backed securities draws to a close, speculation remains high about its potential impact on interest rates. Some analysts believe mortgage rates will rise and mortgage funds may be affected as prices of mortgage securities will subsequently fall. The prices of mortgage securities have […]