Weeks Economic News

This Week's Economic Releases Mon 8:30 AM Empire State Mfg Survey 9:00 AM Treasury International Capital 9:15 AM Industrial Production 10:00 AM Housing Market Index Tues 8:30 AM Consumer Price Index 8:30 AM Housing Starts Wed 7:00 AM MBA Mortgage Applications 2:00 PM FOMC Meeting Announcement 2:30 PM Chair Press Conference Thurs 8:30 AM Jobless Claims 10:00 AM Philadelphia Fed Survey

ALERT

This morning, Retail Sales and Jobless Claims were both released. Retail sales came in worse than expected, showing a month over month increase of .3% compared to an expected .6%. Jobless claims came in higher than expected at 317K compared to the 309K expected. MBS markets have responded favorably erasing yesterday’s late afternoon loses.

Not knowing Economic News can cost you $27000

Purchasing Power (+playlist)

This Weeks Economic Releases

This Week's Economic Releases Tues 8:30 AM Durable Goods Orders 9:00 AM S&P Case-Shiller HPI 10:00 AM Consumer Confidence 10:30 AM Dallas Fed Mfg Survey Wed 7:00 AM MBA Mortgage Applications Thurs 8:30 AM GDP 8:30 AM Jobless Claims 10:00 AM Pending Home Sales Index Fri 8:30 AM Personal Income and Outlays 9:45 AM Chicago PMI 9:55 AM Consumer Sentiment

First Time Home-Buyers

Economic News for This Week

This Week's Economic Releases Wed 7:00 AM MBA Mortgage Applications 2:00 PM FOMC Minutes Thurs 8:30 AM Jobless Claims 9:45 AM PMI Mfg Index Flash 10:00 AM Existing Home Sales Fri 10:00 AM New Home Sales

The Market at a glance

• We saw a lot of movement in the MBS markets yesterday as we rallied in the morning before selling off a bit in the afternoon and eventually settling in. After all was said and done we ended the day pretty much flat to where we opened. There was mixed economic data yesterday out of the US which helps to explain some of the big swings we saw yesterday. • Looking at the day ahead we have Housing Starts are 8:30 AM and Consumer Sentiment at 9:55 AM. Housing Starts picked up a bit in March and economist are expecting even more of a pickup for April. Consumer Sentiment is also expected to come in higher than the previous index as consumer spending starts to pick up.

MBS

We have seen a major rally in MBSs so if your Happy with todays rate I would suggest looking to LOCK!

A MUST FOR ALL REALTORS

Great Day for Rates

Good Evening, The FNMA 30-YR 4.0% coupon closed +24 BP for the day (Currently 105.438)

ALERT

The FNMA 30-YR 4.0% coupon opened -27 BP from previous close (Opening Price 104.688) Employment numbers were STRONG Pushing interest rates UP!

ALERT

The FNMA 30-YR 4.0% coupon is +24 BP for the day (Currently 104.750)

A MUST FOR ALL REALTORS

Make sure your getting the BEST overall Loan Package available

https://www.youtube.com/watch?v=nUtmfA986KQ

WEEK ending 4/18/2014

Mortgage rates moved sharply higher today on a combination of factors including strong economic data, developments in Ukraine, and prevailing market momentum. That momentum risked turning negative as soon as Monday, when rates ended their impressive 7-day rally. Rather than simply turn around and head the other direction, however, rates managed to hold mostly sideways until today.

GFE DoubleCheck

Want to compare your mortgage package to make sure your getting the BEST DEAL! I just created GFE DoubleCheck. If your in the process of getting a mortgage THIS IS A MUST before you sign on the dotted line!! http://1160mortgage.com/Good_Faith_Double_Check.php

Federal reserve spoke today

Results: we saw mortgage rates go up on average by +.25%

Economic Data week of 3-17-2014

This Week's Economic Releases Introducing: Mon 8:30 AM Empire State Mfg Survey 9:15 AM Industrial Production 10:00 AM Housing Market Index Tues 8:30 AM Consumer Price Index 8:30 AM Housing Starts 9:00 AM Treasury International Capital Wed 2:00 PM FOMC Meeting Announcement 2:30 PM Chair Press Conference Thurs 8:30 AM Jobless Claims 10:00 AM Existing Home Sales 10:00 AM Philadelphia Fed Survey

How much money you actually need to buy a home

)

Economic Date Week of March 10 2014

This Week's Economic Releases Introducing: Wed 7:00 AM MBA Purchase Applications 10:30 AM EIA Petroleum Status Report 2:00 PM Treasury Budget Thurs 8:30 AM Jobless Claims 8:30 AM Retail Sales 8:30 AM Import and Export Prices 10:00 AM Business Inventories Fri 8:30 AM PPD-FD 9:55 AM Consumer Sentiment

March 7 2014 OUCH

Good news for the economy = Bad news for interest rates The FNMA 30-YR 4.0% coupon opened -33 BP from previous close (Opening Price 104.063)

Economic News for week of 3-3-2014

Jobs and Employment will be the key focus of many of the economic releases scheduled for this week. The ADP Employment Report will be released Wednesday at 8:15 AM, followed by Jobless Claims on Thursday at 8:30 AM, and the first Friday of the month means “Jobs Friday” when we get the Employment Situation Report at 8:30 AM.

Mon
8:30 AM
Personal Income and Outlays
8:58 AM
PMI Manufacturing Index
10:00 AM
ISM Mfg Index
10:00 AM
Construction Spending
Wed
8:15 AM
ADP Employment Report
10:00 AM
ISM Non-Mfg Index
2:00 PM
Beige Book
Thurs
8:30 AM
Jobless Claims
8:30 AM
Productivity and Costs
10:00 AM
Factory Orders
Fri
8:30 AM
Employment Situation
8:30 AM
International Trade

APPROVAL NOW

Home Prices

Home prices end 2013 on strong footing; Dec. beats estimates: Case-Shiller

GOOD NEWS BAD NEWS

Dow touches 150-point gain and S&P 500 turns positive for the year This news is pushing up YIELDS on MBS. MBS opened -12

What is MBS and how it effects interest rates

http://www.youtube.com/watch?v=Y_77n7SUqzY&list=TL9qzCIuVAA6rSZrhzNy91wz-W-uxHDcP-

What happened yesterday

The FOMC Minutes from January’s meeting were released yesterday and investors got insight into the key policy discussions taking place at the Fed. Tapering of the bond purchasing program will continue unless there is a substantial change in the economic outlook and an increase of the federal funds rate was also brought up for discussion. Following the release bond markets quickly sold off. Pushed rates up on average by .25%

ALERT 550 Credit SCORES!!

I have just been approved to offer FHA, VA and HARP loans down to a 550 credit score. Apply now before it too late

Economic data Week of 2/17/14

This Week's Economic Releases
Wed
7:00 AM
MBA Purchase Applications
10:30 AM
EIA Petroleum Status Report
2:00 PM
Treasury Budget
Thurs
8:30 AM
Jobless Claims
8:30 AM
Retail Sales
10:00 AM
Business Inventories
Fri
8:30 AM
Import and Export Prices
9:15 AM
Industrial Production
9:55 AM
Consumer Sentiment

Weekly Calendar of Economic News

This Week's Economic Releases
Mon
8:58 AM
PMI Manufacturing Index
10:00 AM
ISM Mfg Index
10:00 AM
Construction Spending
Tues
10:00 AM
Factory Orders
Wed
8:15 AM
ADP Employment Report
10:00 AM
ISM Non-Mfg Index
10:30 AM
EIA Petroleum Status Report
Thurs
8:30 AM
International Trade
8:30 AM
Jobless Claims
8:30 AM
Productivity and Costs
Fri
8:30 AM
Employment Situation

REALTORS NEEDED!

I have some AWESOME Realtors that I am currently working with.  However, I have many clients that I pre-approve that are in need of a Realtor.  This isn't a gimmick or sales tactic.  Currently I have a young couple looking in Lombard/Downers Grove and I dont have any local Realtor serving that area.  Please email me Dan.Frio@gmail.com if your interested.  I would like to speak with you first to make sure you will fit the profile for what I am looking for.

You can check out my credentials through many sources:
www.1160Mortgage.Com
http://www.stik.com/dan.frio
https://twitter.com/1160Mortgage
http://www.linkedin.com/in/danfrio

This Week's Economic Releases

This Week's Economic Releases Mon 10:00 AM New Homes Sales 10:30 AM Dallas Fed Mfg Survey Tues 8:30 AM Durable Goods Orders 9:00 AM S&P Case-Schiller HPI 10:00 AM Consumer Confidence Wed 10:30 AM EIA Petroleum Status Report 2:00 PM FOMC Meeting Announcement Thurs 8:30 AM GDP 8:30 AM Jobless Claims 10:00 AM Pending Home Sales Index Fri 8:30 AM Personal Income and Outlays 8:30 AM Employment Cost Index 9:45 AM Chicago PMI 9:55 AM Consumer Sentiment

Jan 27 2014

The bond market rally continued last Friday as investors shed risk in favor of safer assets. This translated to improved pricing on the rate sheet which is a trend we all hope to see continue. It is a very important week this week with several key economic indicators set for release as well as the FOMC meeting on Wednesday. This will be Ben Bernanke’s last major meeting as Fed Chairman and the expectations are that the Fed will continue to reduce their bond buying program at the same pace. Looking ahead at the rest of the day we have New Home Sales at 10:00 AM and the Dallas Fed Manufacturing Survey at 10:30 AM.

Market update

Stocks are tanking due to poor economic data. Bad news for your investments: offset some losses with lower interest rates on your debt. Mortgage rates hit a 2014 LOW

Jan 24 2014

Bond markets received a boost yesterday as investors moved money away from equities and into safer assets. It was steady gains from the start as weak manufacturing data came out of China which caused a flight to safety and this continued throughout the day as U.S. data was released. Jobless claims met expectations at 326K but Continued Claims came in higher then economist forecast and Existing Home Sales fell short of expectations helping to extend the rally. No econ data is scheduled for release today but we could get some movement as investors position themselves for a big week next week.

Jan 22 2014

There is very little economic data this week but this morning at 7:00 AM we did get MBA Purchase Applications which showed the purchase index down 4.0% week over week and refinance up 10%. No other data is coming out today and investors remained focused on next week’s FOMC meeting. Treasuries fell over night for the second day in a row and MBS markets have opened slightly down with expectations that the Fed will continue to taper off their purchase of bonds. The World Economic Forum kicked off today in Davos and will continue till Saturday with a wide variety of guest speakers scheduled.

GREAT OPPORTUNITY for anyone in sales or looking to promote their product or services

Final Day to help name my new radio show:  Leader so far is Managing Gods Money and Managing What is Gods.  If I use your suggestion you will be Co-host with me for a day.  Great opportunity especially for anyone in sales or looking to promote their services.

How reducing your interest rate by .25% can save you over $20,000 in interest. NOT A GIIMICK

https://edge.mortgagecoach.com/report/edgereport.html#402032-0-0-374313

Radio Show

Come on folks. I have over 1000 connections and all i received are 2 names for the show. Who else will get you on the radio to promote your business with a radius that reaches millions of listeners. Contest ends this Friday at noon

Week of Jan 13th 2014

Economic news is
light today with just the Treasury Budget at 2:00 PM.
Looking at the week ahead there is plenty of econ data
coming our way with Retail Sales, Producer Price
Index, Consumer Price Index, Jobless Claims, Philly
Fed Survey, Housing Starts, and Industrial Production
all scheduled for release later this week.
STAY TUNED!!

MBS Close 1/9/2014

The FNMA 30-YR 3.5% coupon closed +9 BP for the day (Currently 99.656)

Jan 9th 2014

Yesterday we gave back some of the gains from earlier this week as we opened the day down from the previous close. This was a result of ADP employment numbers released yesterday morning which came in better then economist expectations. The FOMC minutes were also released yesterday but this didn’t seem to move the market very much. We close out the week with the Employment Situation report on Friday. Unemployment continues to be a top priority for the Fed and if the employment situation continues to improve this will further support the decision to scale back their bond buying program.

2014 New RADIO SHOW

Im looking for a CPA/Financial Planner to be a part of my new Radio show starting up next month.  Please contact me if interested.
Dan.Frio@Gmail.com



Thanks

Jan 8th 2014

The MBS market had a good run yesterday after opening with improved pricing and MBS prices continued to improve throughout the day. Mr. Rosengren, President of the Boston Fed, yesterday spoke out about the need for a gradual approach to the scale back of the Fed’s bond buying program and assured investors that “we’re starting to ease off the gas, but we’re nowhere near hitting the brakes yet.” Investors look to gain further insight into Fed policy when the FOMC minutes are released at 2:00 PM. The ADP Employment report was released at 8:15 this morning and the trend of strong economic indicators continues. Economists were expecting private payroll growth of 205,000 and the actual number came in at 238,000.

Jan 7th 2014

Yesterday we had mixed economic data as Factory Orders came in slightly higher then what economists had predicted while the ISM Non-Mfg Index came in below expectations. The market didn’t seem to take notice too much as most investors are much more focused on the FOMC Minutes on Wednesday and the Employment numbers on Friday. The biggest news of the day came after hours when Janet Yellen was confirmed by Senate to be the next Chairwoman of the Federal Reserve. When she assumes office on February 1st she will be the first woman to hold the post in the Fed’s 100 year history. Looking at the day ahead, the only major economic release today is International Trade at 8:30 AM which showed a narrowing trade gap.

Jan 6th 2014

Friday was a busy day with several speakers from the Federal Reserve. The markets took notice and we had movement throughout the day before an afternoon re-price for the better. Today there are a couple of economic releases scheduled including Factory Orders and ISM Non-Manufacturing Index both at 10:00 AM. Factory Orders are expected to have a month over month increase of 1.6% and positive growth is also expected from the ISM non-mfg index. Looking at the week ahead, FOMC Minutes will be released Wednesday which could provide further insight into the decision to scale back the Fed’s bond buying program and Friday will be a “Jobs Friday” with the Employment Situation scheduled for an 8:30 AM release.


KEEP WARM CHICAGO!!!

Jan 3 2014

The holiday hangover continued through Monday as trading volume remained light despite the fact that there was plenty of economic data released yesterday. Jobless claims, PMI Manufacturing Index and the ISM Manufacturing Index all showed signs of an improving economy but the bond market reacted very little and we continued to trade in a narrow range. There is not much scheduled for economic news for today but several Fed officials will be making speeches including outgoing Chairman Ben Bernanke who takes the stage at 2:30 PM. Trading levels should get back to normal by Monday with everyone starting to return from the holiday break. Have a good weekend everyone.

Jan 2 2014 HAPPY NEW YEAR

The Bond Market was closed yesterday in celebration of the New Year. Treasure yields were up over night to their highest levels in more than two years on speculation the U.S. economy has improved enough for the Fed to not only taper bond purchases, but also end them in 2014. Initial Jobless Claims climbed to 342,000 last week, after falling the previous two weeks. The manufacturing index dropped to 547.7 last month; that is down from 57.3 in November. Today the Government will announce the size of the next three Treasury actions for the 3-, 10-, and 30-year notes.