Friday, September 30, 2005
Sorry our system has been down 2 days. Bonds are at -12/32 & our market is down .25 from this morning so rate changes are coming soon. Lock now if you still can! Personal Income and Spending were both down but the PMI was up after being beat up badly last month. Things do not appear to look good for the rest of the year and the Feds said they will raise again on Nov 1. Enjoy the weekend
Thursday, September 29, 2005
Thursday AM
Bonds are down -15/32 and our market is off .125 so we are back to Wed. Morning pricing. Initial Claims were down but the indicator is slanted from the hurricanes. Friday brings a lot of indicators that could move our market. It appears to look like they may wash each other out but you never know! We have Personal Income ( expected unchanged ), Personal Spending (expected down). Chicago PMI (expected up ) & Mich Survey ( Expected unchanged ) to look at so stay locked. Oil Is going back up & we have INFLATION coming at our doorsteps. If it was not for all the China Imports we would be in big trouble right now. They have kept our cost down .
Wednesday, September 28, 2005
Wednesday AM
Durable Orders were up +3.3 %. Bonds are now at +5/32 and our market is flat. GDP will be out Thursday (expected unchanged) It should be quiet today but stay alert.
Tuesday, September 27, 2005
Tuesday PM
Bonds are now at -5/32 & our market is off .10 . Consumer Confidence was way down to 86.6 and New Home Sales were down to 1237K. Gas prices, job outlook and higher cost of goods have people worried. Rates are on the way up and we are now closing in on the 6 % rate. Be wise and stay locked.
Monday, September 26, 2005
Monday AM
Good morning, Bonds are now at -16/32 and have recovered slightly because of Home Sales being up to 7.29 M. But we have trouble ahead since the hurricane is done and the damage was lighter than expected. Stocks are up and our market is off by another .15. Tuesday brings Consumer Confidence & New Home Sales, both of which are expected to be down which would be bad for us. Lock and stay locked. Rates are going up.
Friday, September 23, 2005
Friday PM
Bonds are now off -24/32 and our market is off-.30 basis points. Be careful & stay locked!
Friday AM
Bonds are now near the low of the day at -21/32 and our market is now off .25 so lock in before we have a rate change. The hurricane has lost a little power and now the traders do not think there will be as much damage.We are still on the Hurricane Indicator until Monday. Lock Early and enjoy your weekend . We have lots of indicators next week. Rates are going up.
Thursday, September 22, 2005
Thursday AM
Bonds are at +3/32 and our market is flat. Leading Indicators were down -.2 & Initial Claims were up to 432K but all eyes are on the Leading Hurricane Indicator. The oil refineries are being shut down now and oil is now up to $68+. The stock market is flat. Stay tune for changes. Stay locked and stay happy. Enjoy the day.
Wednesday, September 21, 2005
Wednesday AM
Bonds are now at +24/32 and our market is better by .25. Stocks are down, oil is up & there is no place to go but into bonds at this moment. The hurricane has traders worried about the oil fields for now so stay tuned in case it turns because if it turns so will our market. Its not often that our market works off a hurricane indicator !
Tuesday, September 20, 2005
Tuesday AM
Bonds are at -3/32 & our market is flat awaiting the Feds announcement. Housing Starts & Permits were down but not much. Be ready for a move after 2:15 EDT.
Monday, September 19, 2005
Monday PM
Bonds are +4/32 and our market is quiet awaiting the Fed announcement Tuesday at 2:15 EDT. Oil is back up to 66.5 (up 3.50) and the stock market is down over 75 points . Stay ready for Tuesday.
Friday, September 16, 2005
Friday AM
Good Morning, Bonds are now at -18/32 & our market is off again .15. Mich. Survey came in at 76.9 which was very low. Oil has dropped to ONLY $64 so that was a little positive note. The FEDS meet on Tuesday and lets face the facts, they cannot keep raising rates without ours going up. We are going to 6 % shortly but that will not stop the housing market yet . When they reach into the 6.5 range we will start to see a big slowdown because that also indicates a economic problem. Enjoy your weekend and lock early because we could have a rate change for the worse later in the day.
Thursday, September 15, 2005
Thursday PM Update
Bonds are now at -25/32 (low of the day) and our market is off about .10. CPI came in at +.5 (neutral), Intial Claims were up to 398K. The Phil. Fed survey was way down at 2.2 which is showing us a regional picture of a slowdown. Will the Feds raise rates again next Tuesday?There is a strong chance of it. Stay locked and stay happy. Rates will be in the 6 % range shortly.
Wednesday, September 14, 2005
Wednesday PM
Bonds are now at -14/32,the low of the day, and our market is off -.125.. Retail sales were -2.1 and Industrial Production was +.1. There is deep concern for INFLATION from higher oil prices being passed on in the form of higher prices on everything including housing. The Feds meet on the 20th to raise rates again so be ready. Lock before rates change.
Tuesday, September 13, 2005
Tuesday Notes
Bonds are up +17/32's. Trade Balance came in at -$57.9 Billion which as lower than expected. PPI was 0.6% which was slightly less than expected. Core PPI was flat. Our Market is up about 15 basis points. Treasury Budget Indicators will come out at 2pm. Stay tuned and have a great day!
Monday, September 12, 2005
Monday PM
Bonds are down -18/32's. Our Market is off slightly as well. Other than that, it's a typical Monday. Watch tomorrow for Trade Balance, PPI, and Treasury Budget indicators. Have a great week!
Thursday, September 08, 2005
Thursday Indicators
Wholesale inventories dropped .1 percent and Initial Claims fell slightly, but neither took Hurricane Katrina's full impact into account. The Bond market is flat at -1/32. Our market is flat as well. Have a great afternoon, and remember- Lock as you go, and count the cash flow!
Wednesday, September 07, 2005
Wednesday PM
The market is continuing to fall. Bonds are minus 1 and 4/32's. Our market is -0.375. Get locked before the rate changes!
Wednesday AM
Bonds are down -22/32's. Our Market is down -0.25. If you have loans to lock, try to get them in early. We'll keep you updated if there are any other changes. Have a great day!
Tuesday, September 06, 2005
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MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.