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Well after a pretty rough day for mortgage bonds yesterday, we are seeing a little rebound after this morning Jobless Claims. The figure came in higher than expected at 444k. Also had the Retail Sales report this morning, and while it was expected to come in at 0.4%, it actually came in alot below that [...] Good day in terms of rates. We’re currently up 50 bps and are rebounding quite nicely. I read an 87 page report earlier today that rate hikes are most likely going to happen in June, so be on the lookout! The International Trade Report came in at $-36.4b, a little higher than its estimate. Currently, [...] Well, when you have 85k jobs lost in December and the unemployment rate is at 10%, the New Year doesn’t particularly look that promising to you if you’re getting fitted for that cap and gown in May. While many are saying that the economy is “switching gears”, a 10% unemployment rate isn’t really indicative of [...] AUSTIN – Texas weather can change quickly, especially in the winter. A fast-moving cold front can cause temperatures to drop below freezing within hours. Outdoor pipes, pipes in unheated areas, and pipes that run along uninsulated exterior walls can burst if the water in them freezes and expands. This can shatter pipe seals or the [...] Good morning all! The only economic report for today is the Jobless Claims, and that figure has come in at 434k, a little bit lower than the 439k that was expected, and not much different than the prior 433k. Mortgage bonds are not moving much from yesterdays losses, as we are currently up 3 basis [...] Hope everyone had a great New Year celebration! For Texas lenders such as myself, it is definitely going to be a challenging year with all these rules and regulations that have come out and others that are still in the works. Mortgage bonds are up 41 bps this morning and are kicking some serious butt! [...] |
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