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Friday, April 29, 2005

Friday Downward Slide

Bonds opened strong +13/32's, but have since lost all of that gain and dropped off to -7/32's. Our Market was even most of the morning, and is now -0.22. With oil prices dropping below $50 a barrell, stocks were up slightly. Finish up your locks now, and stay ahead of the market. All eyes will be on the Feds on Tuesday.

Thursday, April 28, 2005

Thursday Market

Bonds are +7/32's and our market is up slightly. The GDP came in lower than expected at 3.2%, and Initial Claims rose as expected. This news may soften the Feds a little when they meet on Tuesday to discuss raising interest rates. Now is a good time to lock. Stay safe, and stay happy.

Wednesday, April 27, 2005

Wednesday Mood

Durable Goods were way down at -2.8 and oil prices dropped to $53.10 The economy is not as strong as the Feds want us to think. Bonds are at +12/32 and our market has improved about .125. Do you think the Feds might NOT raise rates Tuesday? That is the big question. Indicators have shown a mixture. The housing market is still strong because people are putting their money there rather than in the Stock market. Stay tuned. The day is still young.

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.

Monday, April 25, 2005

Monday AM

Bonds are at +4/32 and our market is down .0625. Housing starts way up to 6.89 M. The market is in a quiet mode today. Stay tuned for later in the week. Consumer Confidence (expected down) and New Home Sales (expected flat) on Tuesday may move our market.

Friday, April 22, 2005

Smooth Friday AM

Bonds are + 13/32 . Our market has improved about .125. No indicators today. Take advantage of the recent rally, and lock some loans! We'll keep you informed of any changes.

Thursday, April 21, 2005

Thursday PM update

The trader looked at the Philly Fed Survey and ignored Leading indicators and Greenspan talk. Bonds are now at -26/32 and our market is off .28 basis points. Stay Locked and watch for possible rate changes for the worse.

Thursday AM Hiccups

Bonds are now at-19/32 and our market is off about .25. Initial claims were way down to 296k which hit us BUT Leading indicators just came out at -4 which was down big time. The stock market SHOULD fall off and our market should come back. Greenspan just said our economy could be in trouble. Can you imagine someone saying that! We should get our loss back. Stay tuned and stay locked and happy.

Wednesday, April 20, 2005

Wednesday AM Correction

CPI is up to .6 with the core CPI at +.4. If that was the gain each month we would have a INFLATION rate of 7.2% per year. Needless to say the Feds will not be happy about that. Bond are now at -15/32 and our market has lost about .15 basis points. It was off quite a bit more right after the report but has settled down a bit. The beige book will be out at 2 PM EDT today and will give a look at what the Feds may be thinking. Thurday brings Leading Indicators (expected down which would be good for us) and initial Claims (expected down slightly). We have had a unbelievable rally considering what the Feds are doing to boost rates. Their push for higher rates WILL continue to push our rates up. Don't be fooled into thinking rates are coming back down. Stay tuned for later news. By the way did you know you can post comments on our market notes? What to you think about our market notes? Do you feel they are accurate and have made you $$? Just click on the comment bar and post your comments .

Tuesday, April 19, 2005

Tuesday AM Rally Continues

Bonds are now +14/32 and our market is +.25 basis points. PPI came in at +.7 (BAD), housing starts 1837K (DOWN BAD) and building permits at 2023K(ALSO DOWN &BAD). All this bad economic news is great for us(at least for now). With bad news like this the Feds will at least think about raising rates at a little slower pace (we hope). CPI is coming Wed. along with the beige book. Will there be more "bad" news? Enjoy the day and wait for your rate changes for the better!

Monday, April 18, 2005

Monday Quiet

Today is a qiuet day with bonds at +11/32 and our market is flat. Tuesday bring PPI (expected up) along with Housing starts and building permits(both expected down). We could see mixed numbers of INFLATION and the economy slowing down. The Feds will not like to see that. As long as the stock market continues to get beat up we will benefit from lower rates but when it tapers off we will feel it. Enjoy our rally from last week and lock into it.

Friday, April 15, 2005

Friday PM Update

We are still on a run with bonds at +20/32. Our market is still better by .125. Sell into this weeks rally. Greed Kills. "Happiness is positive cash flow" Enjoy your weekend.

Friday AM Rally

Yes we have improved about .125 -.15 basis points. Bonds are at +28/32(high of the day). Ind. Production +.3 (unchanged) but the N.Y. Empire index was down Big to 3.1 from 19.6. What this means is it appears the economy is not as great as the Feds would have us believe! If the economy is not good the Feds are not happy. They want us to be happy,but if it is TOO good they have to raise rates to slow it down. They want the middle ground which is almost impossible in a world economy like we have now. Enjoy your rallies and make some money. Lock those loans in. Mich survey coming shortly. Stay tuned

Thursday, April 14, 2005

Thursday AM opening

Bonds Are +1/32 and our market is flat. Initial claims came in as expected at 330 K (down slightly) . Oil is at around $50 and the dollar is trying to gain ground. We might see some movement later in the day but for now all is quiet so go to work and enjoy the day.

Wednesday, April 13, 2005

Wednesday AM Pop

Bonds are at +5/32 and our market has improved again about .125 base on lower retail sales (+.3, down from +.5 last month). This SEEMS to suggest a slower economy than expected and the traders think it might slow the Fed hikes down a bit. What do you think will happen when oil prices spike up ? When our dollar gets pounded again what will happen? Remember these are just rallies to sell into not signs of rates coming back down to where they were. Enjoy the ride and lock some loans. We will keep you informed of market movements today.

Tuesday, April 12, 2005

Tuesday PM Rally

Bonds are now at +30/32 and our market has improved .40 basis points. Traders had a sigh of relief on the talk that the Feds will not have to raise rates .50 at a time. Big Deal!!! Remember lock the rallies and make the extra money now. Tomorrow is a new day. "Happiness is positive cash flow."

Tuesday AM mishap

Bonds down and now up +3/32. Our market is flat. Trade deficit at 61 billion(UP BIG). I guess nothing is made in the US any more. We are awaiting FOMC minutes to see if the Feds have changed any of their thoughts on the economy at 2 EDT. This could move our market. Stay tuned for a possible shift in rates this afternoon. Never forget rates are going UP in the big picture. Its just a matter of how fast and how much.

Monday, April 11, 2005

Monday PM

Bonds are at +20/32 and our market has improved about .125. No news today but oil is lower and the stock market is flat. Wednesday brings retail sales (expected down) and Thursday has intial claims (expected down). FOMC minutes Tuedsay at 2 EDT . Get ready for the rest of the week. Today is your day off!!

Friday, April 08, 2005

Friday AM Wake Up Call

Bonds are now -8/32 and our market is off .1875. Did you get your locks in yesterday?Greenspan is scheduled to talk at 1:15 EDT. Traders are very worried about INFLATION and well they should be. The Feds will work hard to stop it and that means higher rates ahead. Do not get sucked in to the whirlpool of talk that the housing market is great and home prices will continue to go up. The real estate guru's would like everyone to believe it. It is a friendly reminder of the dot.com market. Buy anything and you can make money! Did you? Rising home prices are very inflationary and it will catch up with us. We can still do mortgages with rates in the 7's but it will certainly slow things down. Remember "Happiness is positive cash flow" Have a great weekend and lock before the speech and stay safe!

Thursday, April 07, 2005

Thursday PM Drop

Bonds are now -14/32 and still falling. Get your locks in NOW ! The market cannot hold the AM no news rally very long.

Thursday AM

Bonds were at +14/32 but are backing off now. Our market has improved about .15 basis pionts. Intial claims were down to 334K as expected. The market is JUST taking a breath until the next batch of news. This is just a little rally so sell into it while it is there. The first bit of news about oil, inflation etc. will hammer us again. RATES ARE GOING HIGHER!

Wednesday, April 06, 2005

Steady Wednesday

Our market opened with a slight gain, and has risen slightly since then. The bond market is + .125. No major indicators to help or hurt us. In this case, remember to "Lock as you go, and count the cash flow!"

Monday, April 04, 2005

Monday Sloooowww AM

Bonds are at the high of the day at+6/32. Our market is FLAT. No indicators this week except claims (expected down) and wholesale inventories (expected down) Thursday. Watch for oil prices and the dollar this week to move the market . Oil is now over $58 per barrel (new high!). This smells just like INFLATION. The Feds are very worried about the oil problem. It could kill a economy fast (higher RATES). Stay on track and keep your loans covered because the risk is higher now than the potential gain . Enjoy the week.

Friday, April 01, 2005

Friday PM turnaround

Wow! What a wild roller coaster ride today. Oil hit new highs killing the stock market (-105 points) and bringing our market back to the plus side. We are now up about .15-25 basis points. Bonds are at +9/32. We are not back to the high but gaining ground . Hang on and enjoy the weekend.

Friday Am Falloff

Bonds are now at -11/32! LOCK NOW. A unexpected non-manufacturing survey came out today by mistake at 63.1 (up) showing more power in the economy. All gains ARE NOW GONE! Stay Tuned

Friday AM Rally

Bonds Are now +23/32 and our market has improved about .25-.30 basis points due to the nonfarm payroll numbers coming in lower at 110K. The economy may not be as hot as the Feds think it is and it might take some pressure off raising rates so fast for them, But once again this is only ONE number so time will tell. Unemployment was lower at 5.2 but who cares! Construction spending down to .4. Stay tuned and lock these great highs!

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