MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.
Monday Late AM
Bonds are now at +.375 but our market is only better by +5 basis points. Leading Indicators were down at -.2%. With the feds meeting next Tuesday we foresee higher rates ahead. Stay locked.
Monday, March 20, 2006
Thursday, March 16, 2006
Thursday PM Update
Our market is better by .40. Rates have dropped .125 today alone. Low inflation news give a boost to bonds. One day does not make the market but use it to the full and lock.
Tuesday, March 14, 2006
Tuesday AM
Bonds are +.50 this AM and our market is better by .15. Retail Sales were down -1.3% but revised upward in Jan. to +2.9%. Feds meet on March 28 to raise rates again. Rates will go up.
Monday, March 13, 2006
Monday PM
All is quiet this afternoon. Our market is flat and bonds are off -.20. Tuesday brings Retail Sales which are expected to be down. Later in the week are more indicators expected to show a slowdown. Rates appear to be heading higher.
Monday, March 06, 2006
Monday AM
Factory Orders came in at -4.5% (ugly). Our market is off -.15 and bonds are off -.30. Our market has been beaten up in the the last week as rates go higher. Be ready for more and watch out for Inflation . No more big news until Thursday with Intial Claims and the Trade Balance ( which is terrible and expected to be about -65 Billion!) .
Friday, March 03, 2006
Friday PM
Bonds this PM are off -.45 and our market is off -.125. The market is quiet this afternoon. We expect indicators next week to show a slowdown in the economy so it could be a down week again but time will tell. Enjoy your weekend.
Thursday, March 02, 2006
Thursday PM Update
Bonds are now at -.75 and our market is off -.375. A rate change could be in the works so be careful. Initial claims were up to 294K. Retail Sales look bad and there are fears of higher rates after the European Central Bank raised rates and said there is more to come. Higher rates are coming!!
Wednesday, March 01, 2006
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