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

)