Wednesday Ho Hum AM
Bonds are at +1/32 and our market is flat. We have a auction today BUT the big news is Thursday (initial Claims, Personal income & Spending, Factory Orders and Chicago PMI) and Friday (Nonfarm Payrolls, Unemployment and Construction Spending). ALL of the indicators are expected to show a improving economy which would be bad for interest rates. The flip side is what if the numbers don't come out as forecast? We would then get a pop in our market . Do you hold your loans and hope OR lock before the numbers come out? The choice is yours!!!! You know our policy"Lock as you go and count the cash flow" Enjoy the Day.


MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.
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