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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2009 

MBS prices are up +4/32 (FNMA 30-yr 4.5 at 100.09), above the initial price level at -2/32, and at the high for the day. Consumer Confidence rose to 54.1, which was higher than expected. The 2-yr auction had a bid-to-cover of 2.68 and indirect bidders purchased 49% of the total. Overall, auction ...
08/26/2009
This week's first economic data will be today's report on Consumer Confidence. Durable Orders, an important indicator of economic activity, and New Home Sales will be released on Wednesday. Revisions to second quarter Gross Domestic Product (GDP) will come out on Thursday. Finally, Core PCE infla...
08/25/2009
MBS prices are up +11/32 (FNMA 30-yr 4.5 at 100.04), far above the initial price level at -6/32, and at the high for the day.  No economic data came out today. Investors purchased MBS ahead of this week's Treasury auctions. The Dow rose 10 points. Tomorrow, Consumer Confidence will be released at...
08/25/2009
MBS prices are up +8/32 (FNMA 30-yr 4.5 at 100.09), down 1/32 from the initial price level. MBS prices traded as high as +14/32, and as low of +4/32.  No economic data came out today.  Oil prices rose $3 per barrel to $72 per barrel. The Dow rose 60 points. Tomorrow, Jobless Claims, Leading Indic...
08/19/2009
MBS prices are down -10/32 (FNMA 30-yr 4.5 at 99.28), below the initial price level at -1/32.  Today's economic data was positive for MBS markets and provided an early boost to MBS prices. The PPI inflation data was lower than expected, and Housing Starts were a little weaker than the consensus. ...
08/19/2009
MBS prices are up +6/32 (FNMA 30-yr 4.5 at 100.05), flat to the initial price level.  It was a very quiet session. Weakness in the stock market helped MBS markets. The Empire State regional manufacturing index came in higher than expected. The NAHB Housing Market index rose to the highest level s...
08/18/2009
This week's calendar of economic events is relatively light. Additional inflation data will be revealed on Tuesday in the Producer Price Index (PPI) report. PPI focuses on the increase in prices of "intermediate" goods used by companies to produce finished products. Housing Starts will also be re...
08/17/2009
The year over year CPI fell 2.1% in July.  CPI inflation showed the largest annual rate of decline in 59 years Second quarter Productivity rose at the fastest pace in nearly 6 years Geithner stated that plans to overhaul financial market regulation were on track The Fed purchased $20 billion in a...
08/14/2009
Tame inflation data, strong demand for the Treasury auctions, and a lack of surprises from the Fed were all positive for mortgage markets, and mortgage rates ended the week lower.  As expected, the Fed held the fed funds rate steady on Wednesday, and its statement contained few changes. The Fed s...
08/14/2009
MBS prices are up +5/32 (FNMA 30-yr 4.5 at 99.88), below the initial price level at +6/32. It was a volatile session, and MBS prices reached a high of +13/32. CPI and Industrial Production came in very close to expectations. Consumer Sentiment fell short of the consensus forecast, however, liftin...
08/14/2009
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