MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.
Monday Blues
Can you say INFLATION. Income fell-2.3% last month. Bonds are -6/32 and falling. We could lose .10 to .20 basis points today so be careful and watch for rate changes.
Monday, February 28, 2005
Thursday, February 24, 2005
Thursday Notes
Durable Goods -.9 , Initial Claims 312K These numbers SHOULD give us a little rally but remember the Feds say life is good and everyone is happy. What do you think? Bonds are at +6/32 and falling off so be careful .
Friday, February 18, 2005
Friday Blues
Market off -30/32 PPI at +.3 & core PPI at +.8. Can you spell INFLATION? With the Feds raising rates our rates have to go up. Remember "Stay locked and stay happy." Have a nice weekend.
Thursday, February 17, 2005
Thursday Notes
Initial Claims in lower at 302K. Bad for us, but wait, here comes Leading Indicators at -.3 to our rescue. Bonds are coming back from -17/32 to -07/32. Our market should be at least flat to slight + today. Enjoy the day and let's lock some loans!
Wednesday, February 16, 2005
Wednesday Mood
Bonds are at -7/32. Housing starts at 2159 K are a 21 year high but where are all the mortgages? Is everyone paying cash? Industrial production was flat which made the indicators a wash for now. The market could swing in one way or another today so be alert and enjoy the day. Motto: Lock as you go and count the cash flow"
Tuesday, February 15, 2005
Tuesday Market Test
Bonds are -17/32 due to retail sales ex-auto coming in at +.6 . 7% annual growth in retail sales are too strong for our rates to stay low but our market is off only about 5 basis pionts . Try not to get caught in the crossfire of indicators coming out later in the week! Wed-housing starts & Industrial production both expexted to be down slightly. Remember "Happiness is positive cash flow"
Monday, February 14, 2005
Monday Blues
Bonds are +10/32 on not much of anything. There are a lot of indicators coming out this week so be careful. Retail sales Tuesday expected down which could help us . Almost all of the indicators are expected to show a slowdown in the previous high flying indicators. Remember rates are really low now and there will be a push for higher rates at any news. OUR MOTTO: "Lock as you go and count the cash flow!" Have a great week and lets do some locks.
Friday, February 11, 2005
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