Tuesday, January 31, 2006
Chicago PMI came in lower at 58.5 but Consumer confidence was higher at 106.3. The market is quiet awaiting the Feds at 2 PM EDT . Rates are expected to go up again but what will they say???? Stay tuned. Our market is better by .125. Bonds are Flat.
Monday, January 30, 2006
Monday AM
Personal Income was up slightly at .4 and personal Spending was way up at .9. Our market is off .125 because the Feds meet Tuesday to raise rates. This may be the last time for awhile. That could be a sigh of relief for rates. We suggest locking today and staying out of trouble.
Friday, January 27, 2006
Friday Market Notes
Our Market opened on the plus side, but has fallen off slightly. Bonds are -4/32. New Home Sale were at 1269K, a little higher than expected. The big news this morning was that the GDP was only 1.1%, much lower than the 2.8% that was expected. However, the Feds still anticipate GDP to increase in 2006, but not at the same pace as the past 2 years. Overall, if you have locks today, try to get them in early, as the market may drift down late in the afternoon. Have a productive day, and an excellent weekend!
Thursday, January 26, 2006
Thursday AM
Durable Orders were down to 1.3% and Initial Claims were up to 283K. Our market is now off .20 again. Rates have gone up a full 1/8 since Monday and heading toward a 1/4 increase. As we said yesterday today would be a bad day because of the Indicators. Friday brings New Home Sales with not much change expected. We shall see. Stay covered and stay happy. It could be another long down day.
Wednesday, January 25, 2006
Wednesday AM
Housing starts were way down to 6.6 M. That is a big hit to the economy. Our market is off .20 and bonds are off .50. Rates are going to creep back up so stay locked and stay happy. Thursday brings Durable orders (expected down) and initial Claims (expected up ) which are expected to further pound our market!
Tuesday, January 24, 2006
Tuesday AM
All quiet this AM. The markets are flat. The markets are worried about the oil problems as oil heads toward $70 again with the problems in the middle East. Wed. Brings Existing Home Sales which are expected to be down. That could hamper our market.
Monday, January 23, 2006
Monday Late AM
Leading Indicators came in down at +.1. That is not saying much for growth. We have trouble ahead. The economy is soft and not in shape to improve much. Oil is back up near $68.00. Our market is off about .15 and bonds are off nearly .50. Stay locked and stay happy. Wednesday brings Home Sales (expected down) which will not help us.
Friday, January 20, 2006
Friday AM
It is very quiet in the bonds this AM. There are no indicators today. Our market is flat but could improve if the stock market continues down ( now off 111 points). Bonds are about +.15. Stay tune for possible changes this PM. Enjoy the weekend.
Thursday, January 19, 2006
Thursday AM
Bonds are now at .25 and our market is off by .125. Initial Claims were low at 271K but Housing Starts and Building Permits were both down. It looks like a downward drift today so be careful.
Wednesday, January 18, 2006
Wednesday AM
CPI actually came in LOWER at -.1. We are waiting to see what the feds say at 2 PM EDT. The market is flat as of now. Stay tuned.
Tuesday, January 17, 2006
Tuesday AM
The Market is quiet with everything FLAT. There is a lot of talk about the housing market showing big signs of weakness. The Feds will raise rates again on 1/31/06 so be ready for that. CPI out Wednesday expected to be low. That will be good for us. Housing starts on Thursday expected lower. Stay tuned for the beige book
Friday, January 13, 2006
Friday AM
Bonds are better by .35 and our market is better by .125 this AM. Retail Sales were lower than expected at +.7%. The economy is not booming as some may think. When housing drops off further we will see a real slowdown. This year does not appear to be hot year. We may have to hang on for dear life! The market closes early today so enjoy the long weekend. If we see any big changes we will tell you.
Thursday, January 12, 2006
Thursday AM
Bonds have improved by 1/4 and our market is better by .125. Initial Claims were up to 291K but not as high as expected. We may get a rally but its too early yet. Stay tuned
Wednesday, January 11, 2006
Wednesday AM
Bonds are flat but our market is better by .125 as of now. Initial Claims on Thursday expected to be up which could help us also. Stay tuned for possible changes this PM.
Tuesday, January 10, 2006
Tuesday AM
Bonds are now off .40 and our market is off .20 and still falling. Lock in early before the rate changes take place. There is talk of slower growth this year and it is dragging the stock and bond market down. Soros even says a recession is ahead in 2007!
Friday, January 06, 2006
Friday AM
Unemployment Rate at 4.9 (down) and Nonfarm Payrolls were at 108 K (also down). This is about a wash. Bonds are off-.375 and our market is off about -.10. We will keep you informed of any changes .
Thursday, January 05, 2006
Thursday AM
Initial Claims came in at 291K (much lower) and gave a boost to our market. Now it has evaporated. We are now Flat. Bonds are Flat. The world is Flat. Sorry, We got carried away. Friday brings more news so be ready for a market move. Enjoy the day.
Wednesday, January 04, 2006
Wednesday AM
Bonds are now at +2/32 and our market is better by .125. Factory Orders were up to 2.5 which gave us a boost. Friday bring Unemployment number so stay alert for oil price jumps along with the numbers.
Tuesday, January 03, 2006
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MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.