The big market mover this week was today’s stronger than expected Employment report, which brought the Unemployment rate down to 7.5%, the lowest level since December of 2008. The Fed was expected to continue with stronger support for increased magnitude or duration of the bond buying program at their meeting on Wednesday. These expectations pushed prices on Treasuries and mortgage backed securities up and rates down; but, with today’s better than expected Employment numbers, bond prices were pushed back down and rates moved back to their previously higher levels. Look for rates to continue higher next week, if expectations of the Economy’s improvement are continued in the financial markets. Ted Gosnell, First Home Mortgage, click on the link below to view the rates.