mortgage scripps ranch: San Diego Mortgage News - April 30, 2013 - 04/30/13 07:27 AM
Treasuries and mortgages opened better this morning, the 10 yr at 1.65% yesterday’s low and -2 bp frm the close. At 9:00 30 yr MBSs +12 bps frm yesterday’s unchanged prices. 8:30 Q1 employment cost index was +0.3%, expectations called for an increase of 0.5%; no reaction to the data as expected. Today the FOMC meeting gets underway but we won’t know anything until tomorrow when the policy statement is released. At 9:00 the Feb Case/Shiller 20 city home price index increased 9.3% yr/yr, slightly better than 9.0% expected; as with the Q1 employment cost index, there was no market reaction … (1 comments)