Mortgage
Jul
Market Snapshot
Treasuries and mortgages opened better early this morning; at 8:30 the 10 yr note was +8/32, mortgage prices +6/32. At 9:00 the 10 yr +4/32 and mortgages +2/32; the stock index futures at 9:00 were pointing to a lower open, the reason we had better early morning prices in the rate markets. At 9:30 the [...]
Jul
Market Snapshot
This week’s Treasury borrowing needs is hitting the bond and mortgage markets as the week starts. At 8:30 the 10 yr note -10/32, mtgs -5/32. At 9:00 the 10 yr -23/32 3.76% +10 BP; mortgage prices -12/32. Early trade in the equity market futures were fractionally lower at 9:00. At 9:30 the DJIA opened -22; [...]
Jul
Market Snapshot
Treasuries started unchanged this morning, but mortgage prices were slightly weaker at 9:00. At 9:00 the 10 yr unch at 3.66%, mortgage prices -2/32, the DJIA futures -3. At 9:30 the DJIA opened -35, the 10 yr -6/32 and mortgage prices -5/32. (see below for 10:10 levels) Early today, after the strong stock market rally [...]
Jul
Market Snapshot
The bond and mortgage markets opened unchanged but with little to drive it after the strong moves yesterday at 9:00 the 10 yr -4/32 at 3.50% and mortgage prices -3/32. The stock market trade at 9:00 had the DJIA futures down 61 points. At 9:30 the DJIA opened -55, 10 yr note -1/32 and mortgage prices [...]
Jul
Market Snapshot
No follow-through from the small rally yesterday. Treasuries and mortgages opened weaker this morning with the stock market pointing to a better open at 9:30. At 9:00 the 10 yr note -13/32 3.66% +4 BP; mortgage prices -6/32 frm yesterday’s close. At 9:30 the DJIA opened +70, the 10 yr -12/32 3.65% +4 BP and [...]
Jul
Market Snapshot
Treasuries and mortgages are weaker this morning after last week’s big rate increases. Still a stock market trade, early today the stock index futures trading was pointing to another firm opening. At 9:00 the 10 yr traded -7/32 at 3.68% +3 BP, mortgage prices down 3/32 (.09 bps) and the DJIA +37. At 9:30 the [...]
Jul
Market Snapshot
The bond and mortgage markets started weaker this morning with the stock market trade pointing to a strong open at 9:30. At 8:30 the 10 yr note was -9/32 at 3.51%, mortgage prices were down 6/32, the DJIA index futures was +83. At 9:00; the 10 yr -9/32, mtgs -6/32 and the DJIA +88. At 9:30 [...]
Jul
Market Snapshot
More selling early this morning; the 10 yr at 8:00 was down 11/32 at 3.38%, mortgages were -6/32. At 8:30 with two economic releases the 10 yr was off 23/32 and mortgages -13/32. At 9:00 the 10 yr traded -17/32 at 3.42% +6 BP and mortgage prices -8/32, the DJIA index up 20 points. At [...]
Jul
Market Snapshot
“Your Partner In Success!” Tony Frerking Sr. Mortgage Consultant PMZ Home Loans 1600 N. Carpenter Rd. Ste. C Modesto, CA 95351 Direct: (209) 404-2200 Fax: (888) 345-2768 **NEW**
Jul
Market Snapshot
Weekly jobless claims was the trigger this morning after the overdone rally yesterday; claims plunged by 52K to 565K, expectations were for a 4K decline. Continuing claims however continued to increase to a new high, 6.833 mil from 6.72 mil last week. The fall in claims to under 600K is the lowest since January; [...]