5/5/10

Yesterday we had some economic news of note, the first being Pending Home Sales. The index was up in March, with sales in the South up 13%, up 2% in the West, up 1% in the Midwest, but fell 3.3% in the Northeast. Second, Factory Orders here in the US were up in March.
This morning we had the ADP private-payroll number for April which showed job growth coming in at 32,000. After these, and in the face of further stock sell-offs, mortgage prices are better.