daily update: Update on Mortgage Market - Down 34BPS as of 10:26AM
- 03/24/10 05:38 AM
FNMA 30-YR 4.5% Previous close 101.031 Opened down 0.25bp @ 100.781 Economic Data: EUR / USD 1.3354 Down 0.0144 USD / JPY 91.860 Up 1.4600 GBP / USD 1.4925 Down 0.0124 OIL 80.53 Down 1.38 Gold 1,090.10 Down 13.60 Key Economic News: News from cyclical sectors of the economy as well as speeches from two FOMC members today. The Mortgage Bankers Association's index of mortgage applications fell 3.9% in the week of March 19, with purchase applications up 2.8% and refinancing down 7.1%. 8:30 Durable goods orders for February...a broader-based increase? While January's headline increase was strong, bookings for core capital … (1 comments)
daily update: Daily Update by Ricky Khamis AMERIFIRST FINANCIAL, Inc.
- 03/03/10 02:09 AM
FNMA 30-YR 4.5%Previous close 101.094 Opened down 0.12bp @ 100.969 Economic Data:EUR / USD 1.3639 Up 0.0024USD / JPY 88.760 Down 0.0915GBP / USD 1.5050 Up 0.0079OIL 80.34 Up 0.66Gold 1,139.70 Up 2.30Key Economic News:Lots of data and speeches today, focusing on the job market, non-manufacturing, global credit markets, and the Fed's regional survey of economic conditions.The Mortgage Bankers Association's index of mortgage applications posted its first increase in four weeks, rising 14.6%. Refinancing applications led the way (+17.2%), but the purchase loan index eked out a 9% increase. This still leaves it depressed, even by standards of the last few … (0 comments)
Economic Data: EUR / USD 1.3575 Up 0.0014 USD / JPY 89.140 Up 0.0010 GBP / USD 1.4970 Down 0.0021 OIL 79.34 Up 0.64 Gold 1,123.90 Up 5.60 Key Economic News: Only auto sales, weekly confidence, and on Fed speech.... Late morning/early afternoon: Lightweight vehicle sales for Feb...another setback? By most accounts, vehicle slipped a bit futher last month, both for domestically produced and imported vehicles. For total sales: median forecast (of39): 10.4mm, ranging from … (0 comments)
daily update: Daily Update by Ricky Khamis, CMPS Amerifirst Financial, Inc.
- 03/01/10 08:57 AM
One of those days I can assure you that rates are going to either go up or go down... FNMA 30-YR 4.5% Previous close 101.094 Opened down 0.03bp @ 101.063 Economic Data: EUR / USD 1.3544 Down 0.0087 USD / JPY 89.150 Up 0.1825 GBP / USD 1.4936 Down 0.0302 OIL 80.26 Up 0.06 Gold 1,117.30 Down 1.60 Key Economic News: Three major releases to start the week, on spending, income, and the PCE price index, manufacturing conditions per the ISM's survey, and construction spending. Richmond Fed President Jeffrey Lacker will also speak on regulatory reform... 8:30: Personal income … (0 comments)
daily update: Ricky Khamis's Daily Market Update - Amerifirst Financial, Inc. Scottsdale Arizona
- 02/26/10 03:29 AM
FNMA 30-YR 4.5% Previous close 100.969 Opened up 0.06bp @ 101.031 Economic Data: EUR / USD 1.3575 Up 0.0026 USD / JPY 89.210 Up 0.1350 GBP / USD 1.5185 Down 0.0080 OIL 78.68 Up 0.51 Gold 1,112.50 Up 4.00 Key Economic News: We have GDP revision, the Chicago purchasing managers index, Michigan confidence and existing home sales... 8:30: GDP for Q4 (second estimate)...how big an increase, and how solid? We're a bit surprised that there isn't more of a bias in estimates for a slight upward revision. Inventory data have come in quite a bit higher than the Commerce Department originally … (0 comments)
daily update: Daily Update from Ricky Khamis, Confirmed Loan Officer - CMPS
- 02/25/10 05:09 AM
FNMA 30-YR 4.5% Previous close 100.688 Opened up 0.16bp @ 100.844 Economic Data: EUR / USD 1.3469 Down 0.0069 USD / JPY 89.079 Down 1.0710 GBP / USD 1.5258 Down 0.0150 OIL 78.65 Down 1.35 Gold 1,094.00 Down 3.20
Key Economic News: Durable goods, home prices, Bernanke redux, and the usual weekly diet of claims and financial data... 8:30: Durable goods orders for Jan...About two-thirds of our estimate is due to an increase in bookings for aircraft. The median forecast has a more solid increase outside transportation, of about 1%. Median forecast (of 72): +1.5%, ranging from -0.5% to +5%; … (0 comments)
daily update: Daily Market Update - Where Are Rates Going?
- 02/24/10 03:05 AM
FNMA 30-YR 4.5%Previous close 100.813Opened down 0.125bp @ 100.688Economic Data:EUR / USD 1.3544 Up 0.0037USD / JPY 90.210 Down 0.0128GBP / USD 1.5412 Down 0.0015OIL 78.83 Down 0.03Gold 1,095.40 Down 7.80
Key Economic News:It all happens at 10:00 - Chairman Bernanke and Secretary Geithner are both on the hill, and we get the first home sales report for 2010.The Mortgage Bankers Association's index of Mortgage applications fell another 8.5% last week, with substantial declines in applications for both purchase loans (-7.3%) and refinancing (-8.9%). The purchase loan index dropped below an index level of 200 (March 1990 = 100) for … (0 comments)
Key Economic News: One Fed speech, the CPI, amd mortgage delinquencies today... 8:00: New York Fed President William Dudley speaks...the topic is not specified but the event is the 2010 economic conference for the Center for the New Eonomy being held in Puerto Rico, so we can presume that he will focus on current and prospective conditions a she sees them. In all likelihood, … (0 comments)
Key Economic News: It's PPI, Philly Fed, the index of leading indicators, and the usual weekly reports. 8:30: Producer price index for Jan...will food and energy push the index up? We expect a large increase in headline index, with both food and energy contributing. Ex food and energy, the index should be reasonably benign, though confidence in PPI estimates is aways low.On headline, median forecast … (0 comments)
Key Economic News: Lots going on today - housing starts, import and export prices, industrial production and capacity utilization, FOMC minutes, and the federal budget report for January... 8:30: Housing starts and permits for Jan...rebound? A relatively unusual inversion between the levels of starts and permits for single-family construction makes it quite likely we will see a bounce in this component of starts from a … (0 comments)
FNMA 30-YR 4.5% Previous close 101.031 Opened down 0.25bp @ 100.781 Economic Data: EUR / USD 1.3354 Down 0.0144 USD / JPY 91.860 Up 1.4600 GBP / USD 1.4925 Down 0.0124 OIL 80.53 Down 1.38 Gold 1,090.10 Down 13.60
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