Market Snap Shot for 6/21/2012
Updated Oct. 9, 2013
<b style="color: rgb(34, 34, 34); font-family: arial, sans-serif; outline: none !important; "><span style="outline: none !important; font-family: Arial, sans-serif; font-size: 10pt; ">Weekly unemployment claims at 8:30 were essentially unchanged at 387K -2K from last week...

Mortgage Rates - 6/25/2012
Updated Oct. 9, 2013
The backing and filling is continuing to day in early activity the 10 yr note is improving as are mortgage prices while the stock indexes are opening lower. The 10 yr yield has ranged from a high of 1.68% and a low of 1.57% over the last three weeks, mortgage rates have ranged just 6 basis points in rate on 30 yr mortgages...

Mortgage Rates/Markets 10/12/12
Updated Oct. 9, 2013
Sept PPI jumped more than expected , +1.1% with forecasts of +0.8%. The core rate (ex food and energy) was better at unchanged against estimates of +0.2%. The increase in the PPI largely due to fuel costs increasing in Sept. Inflation gets a lot of ink these days with the Fed printing money at light speed but there...

Weekend
Updated Oct. 9, 2013
Have a great weekend! See you back here on Monday.. If you have any questions regarding a purchase or refinance, do not hesitate to call or email.. Kevin Vanic. 484-639-9737. kevin@kevinvanic.com.

Market View 10/15/12
Updated Oct. 9, 2013
Treasuries and mortgages opened weaker this morning on stronger stock indexes in the US and Europe. At 8:30 Sept retail sales were better than expected, up 1.1% overall and up 0.9% when auto sales are extracted, both better than forecasts. August retail sales were revised to +1.2% frm +0.9%. Also at 8:30 the Oct NY...

Market View 10/16/12
Updated Oct. 9, 2013
Not a good start this morning; the bond and mortgage markets opened weaker with US and Europe stock markets rallying again today. At 9:00 the 10 yr note up 3 bp to 1.70% and 30 yr MBSs -24 bp. European stocks had the first back- to-back gains in a month, commodities rose and the euro strengthened as two German lawmakers...

Market View 10/17/12
Updated Oct. 9, 2013
<span style="font-size: 10pt; font-family: Arial, sans-serif; ">More selling in the treasury and mortgage markets again today taking the 10 yr note to 1.77% where the 200 day average resides (1.78%).</span><span style="font-size: 10pt; font-family: Arial, sans-serif; "> MBS prices...

Market View 10/22/12
Updated Oct. 9, 2013
After the price gains on Friday the interest rate markets have retreated this morning; the 10 yr note yield fell 7 bp on Friday, at 9:15 up 4 bp, 30 yr MBS prices increased 39 bp Friday, this morning -19 bp. Still better than the close last Thursday but the negative perspective is still there. This morning in...

Market View 10/23/12
Updated Oct. 9, 2013
Europe's stock market fell today and added to the negative attitude in US markets.The key US indexes at 9:00 down hard, the DJIA down 146 points. Earnings of 69% of S&P companies have been better but sales forecasts weaker, investors backing down with just two weeks until the election which at this point...

Market View 10/30/12
Updated Oct. 9, 2013
Market still closed this morning. Stock index futures traded until 9:15, the three key indexes were better but not much. According to the most recent reports the NY exchanges will open tomorrow however it isn't yet clear at what level. If the trading floors can't open the exchanges will trade...

Market View 11/5/12
Updated Oct. 9, 2013
This Week nothing more important that the election on Tuesday. With most polls indicating that the election is essentially too close to call, the US and global financial markets will likely trade quietly Monday and Tuesday. Wednesday, if the results are known it is difficult to say how markets will take it. There...

Market View 11/7/12
Updated Oct. 9, 2013
Treasuries headed for the biggest advance in 11 weeks after President Barack Obama won re- election. U.S. equity-index futures declined, erasing earlier gains and gold climbed for a third day. At 8:30 the DJIA futures traded at -123, yesterday the DJIA closed +133.. Treasuries and MBSs are rallying strongly this...

Market View 11/8/12
Updated Oct. 9, 2013
Somewhat of a quieter open today in the stock and bond markets after the wild trade yesterday taking the DJIA down 313 points and dropping interest rates 10 bp on the 10 yr and increasing MBS prices 56 points. The stock market did act better yesterday than when Pres. Obama was elected four years ago, then the DJIA fell...

Market View 11/13/12
Updated Oct. 9, 2013
<span style="font-size: 10pt; font-family: Arial, sans-serif;">Generally quiet in the bond market early this morning;</span><span style="font-size: 10pt; font-family: Arial, sans-serif;"> US stock indexes weaker on the continued concerns on how the fiscal cliff will be...

Market View 11/14/12
Updated Oct. 9, 2013
Treasuries yesterday were slightly better while MBS prices crumbled. This morning treasuries are weaker in price and mortgage prices down again. At 8:30 Oct producer price index was expected to increase 0.2%, as reported overall PPI declined 0.2% and the core (ex food and energy) also down 0.2%, the first decline...

Market View 11/15/12
Updated Oct. 9, 2013
<b style="color: rgb(34, 34, 34); font-family: arial, sans-serif; outline: none !important;"><span style="outline: none !important; font-size: 10pt; font-family: Arial, sans-serif;">Prior to 8:30 data this morning the stock indexes were trying to hold slight...

Market View 11/20/12
Updated Oct. 9, 2013
Treasuries and MBSs started lower this morning (price) with pre-market futures trading pointing to a soft open in the stock market. At 9:00 the 10 yr at 1.63% +2 bp and MBS price +2 bp frm yesterday's close. At 8:30 Oct housing starts and permits were released; starts were expected to have declined but as...

Market View 11/26/12
Updated Oct. 9, 2013
Last Friday the bond and mortgage markets were little changed I the shortened day; the US stock market had a strong day however with key indexes rallying. The DJIA +172, the 10 yr note rate 1.69% unch frm last Wednesday and 30 yr MBSs -6 bp. This morning at 8:30 the 10 yr note traded down 3 bp to 1.66% with 30 yr MBS prices up...

Market View 12/06/12
Updated Oct. 9, 2013
Treasuries started better this morning and slightly broke the resistance level at 1.58% to 1.57%.. Early activity in the MBS markets was unchanged at 9:00 this morning. Interest rates fell in Europe, the US markets followed. At 8:30 weekly jobless claims were expected to have declined to about 375K/380K, as...

Market View 12/12/12
Updated Oct. 9, 2013
Starting today the early traded in stock index futures were better; stock markets in Europe were better. The 10 yr note yield at 1.67% was up 1 bp at 8:00, by 8:30 unchanged as were MBS prices. At 12:30 this afternoon the FOMC policy statement will be released, the expectations by most traders is that the Fed will...