CC came in at 52.9, very close to the predicted 53.
Rates are stable at the moment and are not changing leading into the auction here shortly.
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Currently down 34 bps for the morning, rates may start .125% higher this morning. We’re teetering right under the 200 DMA and in volatile territory, so hopefully you’ve taken advantage of our FREE advice of locking in your loan programs a while ago. Right now is not a time to be risking your rate, and a [...] MBS very volatile today due to all the reports. The New Home sales dropped 11.3% in November to 355K as opposed to the 438K that was expected, and while this helped MBS, the Treasury is now going to auction off $122B instead of the $118B that was expected, so this brought them back down. If you have [...] Currently down around 12 bps, there are no economic reports coming out today. Yesterday was a decent day in terms of mortgage bonds, as we were in the green practically all day. Bernanke got voted in for a second term as Fed Chairman, and the Fed stated that they intended to keep rates low for an extended [...] Good morning folks, Currently we up about 36 basis points (bps) as of this morning, as stocks are in negative territory and the Philadelphia Fed Index (an indicator of manufacturing sector trends) came in higher than expected. We’re bouncing back from some of the losses from the past week, but I wouldn’t expect MBS to move enough [...] Currently up around 6 bp for the morning and hovering around the 100 Day Moving Average (DMA), the CPI (Consumer Price Index-average price of basket of goods spanning over 200 categories) came in at the estimated 0.4% as well as the Housing Starts (number of new monthly residential construction projects that are underway) which came [...] Top of the morning to everyone! So this morning’s economic reports swung mortgage rates in the direction you’re not wanting to hear. The PPI (Producer Price Index- measures wholesale inflation) came in higher than expected, and the NY Empire manufacturing index came in much lower than expected. Since we’ve seen the hits this morning, there would be no [...] And another auction hits the dust. 30 Year Bond results are in and, like yesterday, not good news. Currently down 28 bps for the day currently hedging both levels of support. I would play it safe and lock in any transactions, folks. Good morning all… MBS is currently up 16bp on the morning and hovering around the 1st level of support. As for today, there are no economic reports set to come out, so looks like what will be a quiet Monday. (Kind of like what Tim Tebow’s experiencing today…) 2 important days this week are Thursday (Jobless Claims) and [...] By Holden Lewis • Bankrate.com [...] |
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