Mortgage News
Feb 19, 2015
Labor Department jobless claims numbers are in for the week ending Feb. 14, and down to historic lows, hitting a seasonally adjusted 283,000 after falling by 21,000. The other core piece of domestic data comes from the Philly Fed, which reported a drop in its business index well below expectations - from 6.3 to 5.2 - marking the lowest levels in a year. None of the data has had a significant effect on mortgage bond trading, which is sticking...
Feb 19, 2015
Mortgage bonds have been moving sideways today ahead of the FOMC announcement, and maintaining their weaker levels left over from yesterday. Mortgage interest rates are hitting recent highs. Housing starts data is in today and the numbers have fallen, right along with building permits; the drop in building permits resulted in the seasonal adjustment declining. For more potential mortgage market movers, check back tomorrow for jobless claims...
Feb 13, 2015
Mortgage bonds have been weaker today. January import and export price data is in, and it's showing drops across the board. Import prices have seen their biggest dip in seven years, falling 2.8 percent last month. A large contributor to the price decrease was the lower cost of petroleum, the evidence of which is likely posted at your local gas station. Export prices are similarly down, falling by 2 percent. Watch for rising mortgage interest...
Feb 11, 2015
Today has been uneventful for both overseas headlines and domestic data. There's still a treasury auction that may dictate where mortgage interest rates head next, but for now expect static or rising mortgage rates.This week is rather light where economic reports are concerned, save for Thursday's retail sales and the usual jobless claims, and Friday's import and export prices. Check back then for potential mortgage market movers, and...
Feb 11, 2015
Mortgage bonds are still in weaker territory today, hardly moving from some sham headlines concerning Europe. Watch for static or rising mortgage interest rates. This week is rather light where economic reports are concerned, save for Thursday's retail sales and the usual jobless claims, and Friday's import and export prices. Check back then for potential mortgage market movers, and keep watching the headlines surrounding the ever...
Feb 09, 2015
Not likely that it will happen today. MBS are in weaker territory, close to Friday's low levels, especially thanks to the presence of mortgage bond trading alternatives like corporate bonds. Watch for static mortgage interest rates. This week is rather light where economic reports are concerned, save for Thursday's retail sales and the usual jobless claims, and Friday's import and export prices. Check back then for potential mortgage...
Feb 06, 2015
The January jobs report is in, and a strong one: 257,000 jobs were added last month, although as a side effect of the inflated work force, the unemployment rate was recorded 0.01 tick higher at 5.7 percent. Revisions to previous reports showed improvement as well, accounting for a total 147,000 jobs overall. Mortgage bond MBS trading tanked; watch for rising mortgage interest rates. Previous: A low ISM New York reading (down to 44.5 from the...
Feb 03, 2015
A low ISM New York reading (down to 44.5 from the previous 70.8) is not affecting mortgage bond trading much today, especially with a large fuss being made over European activity. MBS are holding their ground in the face of the Euro insecurity; watch for dropping mortgage interest rates. For other potential mortgage rate movers, check back tomorrow for ISM manufacturing and ADP employment numbers, Thursday for international trade and the...
Feb 02, 2015
Mortgage bonds are in weaker territory today, although this week will present ample opportunity for market movement and mortgage rate shifts, especially in light of Friday's major jobs report and some overseas action. We'll fill you in as the information arrives. For now, watch for rising mortgage interest rates. For other potential mortgage rate movers, check back tomorrow for ISM New York, Wednesday for ISM manufacturing and ADP...
Jan 30, 2015
Mortgage bonds are in more positive territory today, rather unaffected by the higher Chicago PMI reading and happy employment numbers this morning, and instead boosted by the bevy of bond buying abroad. Watch for dropping mortgage interest rates. Thursday: December pending home sales data was released today, showing a drop of 3.4 percent, the largest decline since December of 2013. In more promising news, weekly jobless claims declined to...
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