Mortgage rates for real estate investors as well as Treasury yields are still falling, albeit slightly. The 10 year Treasury yield hit 2.4 percent, the lowest since June of 2013 and the 30 year conforming mortgage rate matches those found almost exactly one year ago today. At the same time, both theunemployment rate this friday S&P 500 and the Dow hit new highs with the Dow touching 1,751 and the S&P at 1924.94.

Mortgage giant Freddie Mac affirmed the low rate trend with its weekly mortgage market survey. According to Freddie Mac, the 30 year note dropped 2 basis points from 4.14 percent to 4.12 percent noting a decline for the fifth straight week. Likewise, the 15 year produce dropped a bit further to 3.21 percent from 3.25 reported the previous week.

And as stocks and bonds continue to do rather well in spite of conflicting data, all eyes are on this Friday’s unemployment report. Many economists have shrugged off recent unemployment numbers as a slight aberration due to the abnormally harsh winter throughout the Midwest and east coast. In May, there has been plenty of time for businesses to hire back workers during a slumbering season and prepare for improved markets.

The expected rate is 6.5 percent, accounting for more people entering the workforce and the labor participation rate falling somewhat. With regard to non-farm payroll numbers the market is looking for somewhere around 240,000. So far this year, economists have blamed the weather for most every bit of bad economic news it seems but now we’re full swing into the second quarter.

The ultimate end of the quantitative easing program has had little effect on rates and investors are paying more attention available bond yields and the absence of any signs of inflation. It’s been rather remarkable that inflation has stayed as tame as it has in spite of the massive amounts of money being printed.