Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Markets started quietly this morning ahead of the coming three day weekend. At 8:30 April durable goods orders were better than estimates, +3.3% against +1.2% expected; ex the volatile...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Prior to 8:30 this morning the 10 yr note at 2.01% down 2 bps frm yesterday’s huge increase; 30 yr MBS price up 26 bp after falling 98 bp yesterday. 8:30 we got weekly jobless claims, always...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com US markets started quietly this morning ahead of Bernanke’s testimony to the Joint Economic Committee at about 10:00. Markets are completely focused on the Fed’s QEs recently, and when the Fed...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Very early this morning (7:00 am) the stock indexes were unchanged as was the interest rate market. By 9:00 the key indexes were improving and more selling was occurring in the bond and...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com The mortgage markets started better this morning after the 10 ye found early support at 1.95% and US stock indexes pointing to a weaker open at 9:30. There are no scheduled economic reports...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Early this morning the interest rate markets were unchanged from yesterday’s close; by 9:30 though the 10 yr note yield had increased to 1.90% frm 1.88% and 30 yr MBSs -16 bp frm yesterday’s...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Finally the bond and mortgage markets may get a little relief from the unrelenting selling that has driven interest rates higher over the last nine sessions. At 8:30 weekly claims were expected...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com April PPI was down 0.7%; the core (ex food and energy) +0.1%; both as expected and increasingly showing deflation is becoming an issue. The Fed’s target rate of 2.0% to 2.5% for inflation is...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Treasuries and mortgages started a little better this morning; the stock indexes were weaker but got a slight boost on comments frm a big investor, he said the stock market still has a lot of...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Right out of the box this morning, April retail sales were better than forecasts. Sale up 0.1% on estimates of a decline of 0.3%; ex autos -0.1% as expected. Sales in the U.S. rose in April,...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com It is the first Friday of the month and its employment day. Always a volatile report, today no different. April unemployment declined to 7.5% frm 7.6% last month, markets expected unchanged at...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Weekly jobless claims at 8:30 were expected to be up about 7K, as reported claims fell 18K to 324K. Claims are the lowest in over five years. The reaction juiced the stock market higher and put...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com April ADP private jobs data out at 8:15; one more data point that adds to our view the economy is slowing and the Fed has no choice but to keep pumping money into the system just to keep the...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Treasuries and mortgages opened better this morning, the 10 yr at 1.65% yesterday’s low and -2 bp frm the close. At 9:00 30 yr MBSs +12 bps frm yesterday’s unchanged prices. 8:30 Q1 employment...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Stock indexes started better this morning while the 10 yr note started unchanged and 30 yr MBSs +9 bp at 9:00. March personal income and spending were out at 8:30; income up 0.2% with forecasts...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Q1 advance GDP was widely expected to be +3.1% growth for the quarter; as reported GDP up just 2.5% after Q4 2012 was up 0.4%. It is the advance report and subject to change next month when we...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Weekly jobless claims at 8:30 were better than forecasts; down 16K to 339K. Claims last week were the lowest since early March, so-called consensus estimates were at 350K. The 4 week average on...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Early this morning prior to 8:30 the 10 yr note traded weaker at 1.72% +1 bp and 30 yr MBSs were down 6 bp frm yesterday’s close; stock indexes slightly better. March durable goods orders were...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com After two weeks of trying and failing, today the 10 yr note yield at 8:30 was trading well below 1.70% at 1.66%; all we need now is for the note to close below 1.70% to start another leg lower...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Interest rates early this morning started weaker but quickly climbed to unchanged by 8:30; the US stock indexes at 8:30 were pointing to a better open at 9:30. Stocks currently exhibiting an...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Yesterday there was little change in the bond and mortgage markets; the stock indexes were weaker but volume was thin. Yesterday the April Philly Fed business index and March leading economic...
Mortgage Rate Update Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Prior to 8:30 the 10 yr note was back above 1.70% to 1.71% +1 bp frm yesterday’s close. The stock market had a bad day yesterday, this morning the indexes started better. At 8:30 weekly...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Stock market volatility continues at high levels. This morning the US stock indexes were weaker early after a nice rebound yesterday that followed a huge 266 point decline for the DJIA on...
Mortgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com Yesterday the stock indexes fell; the DJIA -266 and NASDAQ -78. Some of the selling was a reaction to the Boston bombing, however that didn’t happen until 3:00. Prior to the shock the stock...
Morgage Rates Anthony Hood Equity Investment Capital Office: 949-891-0067 Email: tony@equityinvestmentcapital.com website: www.equityinvestmentcapital.com The day started with better prices for mortgages and the 10 yr note yield at 1.70% at one point about 8:15. Global stock markets weaker this morning on weaker than expected growth in China; the...