|10 year government bond yield||1.15%|
|30 year fixed rate mortgage||2.84%|
Stocks are higher this morning on no real news. Bonds and MBS are down.
The January jobs report showed that the economy added 49,000 jobs. The unemployment rate came in at 6.3%, while average hourly earnings increased 5.4% YOY. The increase in wages is certainly good news, however there still might be COVID noise in those numbers. The labor force participation rate slipped 0.1% to 61.4%.
Corelogic agreed to a buyout deal after a long sales process. The company is being bough by Stone Point Capital. Stone Point also owns Home Point.
United Wholesale reported origination of $54.7 billion in the fourth quarter, which was an increase of 71% compared to the fourth quarter of 2019. Gain on sale margin increased to 305 basis points.