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.


MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.
0 Comments:
Post a Comment
<< Home