MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.
Friday Indicators
Bonds are minus 1 full point. The economy is still showing growth. Chicago PMI came in at 63.5, much higher than expected. Lock early before any rate changes!
Friday, July 29, 2005
Wednesday, July 27, 2005
Wednesday Market Notes
Durable Orders came in higher than expected at 1.4%. New Home Sales also came in higher than expected at 1374K. Bonds opened slightly up, and have since went down to -2/32's.
Thursday, July 21, 2005
Market Update
Leading Indicators came in better than expected at 0.9%. Bonds have dropped even lower to -1 07/32's.
Thursday News
Our market opened down, amid news of more London explosions and China revaluating their currency. Bonds are -28/32's. Initial claims came in much lower than expected at 303K, but that news wasn't enough to overcome the other events of the morning. Leading Indicators will be announced soon, and this could have the potential to let the market to drop even further. We will keep you updated of any changes.
Wednesday, July 20, 2005
Rate change for the better
Our market has continued to improve. Bonds are +15/32's. Rate changes are coming. The pricing should be slightly better than yesterday. Watch tomorrow for Initial Claims and Leading Indicators for the market direction. Now is a good time to lock.
Up's and Down's
Our market opened up slightly better this morning, now took a turn for the worse, watch for a rate change.
Tuesday, July 19, 2005
Slight Rally
After a slow start, the market is improving. Housing Starts were below expected levels at 2004K, however, Building Permits came in above expectations 2111K. Bonds have moved up to +13/32's. Keep an eye on the market, and we will be sure to post an update if there are any significant changes.
Monday, July 18, 2005
Monday Market Notes
Our market is down slightly at - .0625. Bonds are -23/32's. Tomorrow we have the Housing Starts and Building Permit Indicators to watch. Stay positive, and have a great week!
Friday, July 15, 2005
Friday Update
We had several indicators today, but no major happenings for our market. Bonds are +2/32's. PPI came in weaker than expected at 0.0%, and the core came in at -0.1%. Energy prices rose 2.0% after falling 3.5% and stands 13.2% higher from a year ago. Our market is falling off a little, and expect more of a downturn by the late afternoon. Remember to "Lock as you go, and count the cash flow!" Have a great weekend.
Tuesday, July 12, 2005
Tuesday AM
Once again ,Tuesday has nothing to report. Our market is FLAT. Oil is up close to $60 and the stock market is down 12 points. Bonds are -9/32. Thursday bring indicators and possible changes. Do you see the slow but subtle rise in rates after the Feds did their move? Stay alert and stay locked.
Monday, July 11, 2005
Monday PM
Not much news today and the market is just bouncing around. Bonds are +10/32 & our market is FLAT. Real indicators are not due until Thursday so our market will trade on oil & the dollar along with the stock market. Enjoy your week.
Friday, July 08, 2005
Friday AM
Unemployment came in at 5% & Nonfarm Payrolls came in at 146K (up but not so hot). Oil is now 61.60 ( ouch) and the stock market is up 40. Bonds are +4/32 and falling and our market will be flat shortly. Lock early and stay out of fire. We may go on the minus side shortly with possible rate changes. Enjoy the weekend.
Thursday, July 07, 2005
Thursday PM Update
Bonds are now at +11/32 and our market is down .15 from the morning high. Stocks are now only off 10 reversing their losses . Watch out for rate changes for the worse. Oil prices Dropped $2 per barrel which has helped somewhat. The day is not over yet!
Thursday AM
Bonds are at +21/32 and our market is better by .15. The bomb blast in London has beat the stock market up and helped our market. Initial Claims came in at 319K but was not much of a factor. Stay tuned for more info.
Wednesday, July 06, 2005
Wednesday PM
Bonds are now at +11/32 and our market is 10 basics points better. Oil is now heading toward $61 and the stock market is off almost 50 points. Thursdays brings initial Claims (expected up slightly) Friday brings NonFarm Payroll (expected to be way up!) & Unemployment Rate. So be careful and watch for higher rates ahead.
Tuesday, July 05, 2005
Archives
February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 November 2006 December 2006 February 2007 October 2007
