Still more upward pressure on interest rates this morning despite Weekly Jobless Claims coming in 5% below expectations. The bigger number was a 63% surge in Planned Layoffs with 40% of the “right-sizing” aftermath coming directly from the oil industry. Tomorrow is the official Jobs Report that will command the real attention.
My thoughts are that interest rates are on their way back up–but I tend to be pretty conservative with other people’s money. So if you know someone who has been sitting on the sidelines waiting for the best rates, tell them to move quick (like a cheetah).