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Let MCB Mortgage Help you or your company with all your mortgage needs.MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.


Tuesday, April 26, 2005

Tuesday AM Downturn

Bonds WERE at +7/32 but are now at -12/32 because Consumer Confidence came out at 97.7 ( lower than expected) and New home Sales came in up to 1431K (much higher than expected). Our market is down about .15 basis points. It was up about 5 basis points so we are getting close to a possible rate change. Be careful and stay covered today. Wednesday is Durable Goods (expected down) which may help us just a little but Friday is a big day with Personal Income and Spending and Chicago PMI. Next Tuesday is the BIG day when the Feds meet and announce rate increases. Stay locked ahead of these dates.

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