How Did the Employment Report Affect Mortgage Rates?

" Today was an excellent and necessary victory for folks hoping for stable or falling mortgage rates. But the fight is far from over. Getting by this report only created the opportunity for mortgage rates to move lower, it does not mean mortgage rates will move lower, although the odds definitely improved. Now that volume is returning to financial markets, it won't be long before we start getting hints about the market's intentions to do just that."