MCB Mortgage- Mortgage Origination, Secondary Marketing, & Broker Programs

Let MCB Mortgage Help you or your company with all your mortgage needs.MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.

Tuesday, February 28, 2006

Tuesday AM Rally

Bonds are now +.35 and our market is better by .1875. GDP came in at 1.6 (up), PMI was 54.9 ( down), Existing Home Sales 6.56M (down), and Consumer Confidence was 101.7 (down). All in All really not very good news for the economy but it quiets the rate hikers! At least for a day. We could easily see a spin around later so be ready and lock on the rally this morning.

Monday, February 27, 2006

Monday AM

New Home Sales were off this AM and now our market is flat after being up by .15 earlier this AM. We suggest locking early and staying covered. There is a definite slowdown coming in the economy. PMI, Consumer Confidence and Existing Home Sales come out on Tuesday. All are expected to be down or Flat.

Friday, February 24, 2006

Friday AM

Durable Goods dropped -.10.2 % ( BAD ). Oil is up over $2.00 . It could be a rough day for us . Our market is Flat AS OF NOW. Be ready for further news. Stay locked and stay happy. Enjoy your weekend.

Wednesday, February 22, 2006

Wednesday PM

Bad news for the economy! CPI was up to .7. That means lower rates for us today but for the long run it means Inflation and that means higher rates ahead. Our market has improved about .20, almost enough for a rate change but not quite there yet. Stay tuned.

Tuesday, February 21, 2006

Tuesday AM

Leading Indicators were up 1.1. Our market is off .10 and bonds are slowly drifting off. Rates have stayed low a long time. We cannot expect them to stay there forever. CPI out on Wednesday expected to be unchanged. Durable Goods on Friday expected to be way down which might help us.

Tuesday, February 14, 2006

Tuesday Market Notes

Retail Sales was up 2.3%, much higher than predicted. Both auto and non-auto sales were up. Thus, our market came down, as well as bonds. Some of the loss was made up for in the late AM, but it quickly shifted back down. Bonds are currently at -.250. Our market is -.125. Stay tuned tomorrow, as Bernanke will meet with Congress regarding the Fed Policy outlook and inflation.

Friday, February 10, 2006

Friday Market Notes

The Trade Balance indicator came in at -65.7B, which was lower than expected, but is not impacting the market. There is alot of caution in the market today. Bonds started strong but are drifting back down, and are currently at +2/32's. The same goes for our market. Expect the traditional "shaky" Friday afternoon as the day continues. Most people are focused on next Wednesday, when Bernanke meets with Congress. If there are any updates, we will let you know. Thanks, and have a great weekend!

Thursday, February 09, 2006

Thursday AM

Bonds are currently at +4/32's. Initial Claims came in at 277K, lower than expected. Wholesale Inventories were are 1.0%, higher than expected. Currently, our market is up slightly at +1/32. Now is a great time to lock. Have a profitable day!

Wednesday, February 08, 2006

Wednesday PM

All quiet again today with the markets FLAT. As we said on Monday it would be very quiet this first part of the week. Do not fall asleep though. The market can and will move fast on any news on the economy.

Tuesday, February 07, 2006

Tuesday PM

Once Again all is quiet. Bonds are now off .25 from .50 this AM. Our market is Flat from -.10 this AM. Enjoy the quiet times while we have them. Thursday brings the only news of value .( Initial Claims expected up). Fridays Trade Balance should be flat but we could get a surprise so stay awake.

Monday, February 06, 2006

Monday PM

Market is quiet with no action today. Initial Claims (expected up) on Thursday is the news of the week. There is a big slowdown in housing being felt in the country and prices are coming down. The banks will be having issues with the 100 LTV loans that are being done in more recent Months if housing prices stop rising. We see big trouble on the horizon for the banking community.

Friday, February 03, 2006

Friday AM

Unemployment was at 4.7% (Lower) and Factory Orders were down to 1.1 %. Our market is off .10 but could swing either way at any time. Which Indicator do we look at? More people working but not buying products? It puts a new meaning to contrary indicators. Be cautious today as we could move either way. Enjoy your weekend.

Thursday, February 02, 2006

Thursday AM

Initial Claims were down to 273K so that should give us a short breather. Our market is off .20 again and rates have been moving up this week big time. The Feds are done until March 28 except for announcements. Friday brings lot of more Economic news so be careful. Factory Orders are expected to be down and that can hurt us. Lock early.

Wednesday, February 01, 2006

Wednesday AM

The Feds raised rates again as expected and our market is now off .25 from .125 early this AM. Watch for possible rate changes if it fall further. No news today but Thursday brings Initial Claims (expected up). This could weaken us further.


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  

This page is powered by Blogger. Isn't yours?

All information © MCB Mortgage, Inc.
Call Us Today! 1-800-741-4198