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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, October 04, 2005

Tuesday AM

Factory Orders came in at +2.5 which gave a boost to our market this AM. Bonds are at +11/32 and our market is better by .125. Remember though we have been beat up the last 2 days and are now at almost 6 % rates. The Feds meet Nov 1 and will raise again so you don't have to be a rocket scientist to know the trend is up. We are going into the 6+ % in interest rates and those rates are still GREAT. Thursday brings initial Claims (expected up) , Unemployment Rate (expected up ) and NonFarm Payrolls (expected down) . That could hurt us. Stay tuned. The president is speaking this AM .

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