All roads lead to low rates Premium Content

Commentary: How do we measure 'recovery'?

Inman News®

Flickr photo by <a href="http://www.flickr.com/photos/sidewalk_flying/3929076354/" target=blank>sidewalk flying</a>.Flickr photo by sidewalk flying.

Today is a strange day in a strange time.

The Fed has begun gradually to withdraw support for the mortgage market, but mortgage rates are improving (back toward 5 percent) versus the 10-year Treasury.

The unemployment rate spiked to 10.2 percent, but "nonfarm payrolls" in October, net of prior-months' revisions, contracted far less than expected: only by 97,000 jobs.

more...

To view this premium content sign in to your Premium Membership Premium Member account.

Premium Membership Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Share with REmessenger