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!