Good morning and happy Monday! How long does it seem like since we’ve had any real substantive housing news? Let’s see if we can put a stop to that this week beginning today with the builders and the NAHB Housing market Index. First things first, today at 9:00 central the National Assn. of Home Builders gives us a look under their hood for the month of Sept. A number over 50 represents that more conditions are considered good than poor. We’re coming off a 75 last month and the street was looking for a 74 today. We got a 76, a slight improvement that we’re happy to see. Our 2nd story explains the difference between a Home Equity Loan and a HELOC (Home Equity Line of Credit). In a nutshell, a Home Equity Loan is a 2nd mortgage fixed loan that allows you to borrow all the available equity in your home in one fell swoop. A HELOC is like borrowing on a credit card, where you can take what you need up to a limit and they’re usually a variable rate. Your home is the collateral for both.
Bonds today are up, with the 10yr T-Notes +10/32 to yield 1.32%. In MBS land FNMA 30yr 2.50% are +2/32 at $103-22 to yield 1.52 which equates to +84 to the 4.1yr treasury curve. Let us know if we can help with MBS or loans and have a great day!
Cherry Picks
10 Year Fixed
15 Year Fixed
20 Year Fixed
30 Year Fixed
Agency CMBS
Agency CMO – 3 Year
Agency CMO – 5 Year
Agency CMO – Long End
Jim Tait is a registered representative with and offers securities through Hanover Securities, Inc. (Hanover), Member FINRA & SIPC. Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Securities that may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results.
This information from Hanover Securities is for your private use and does not constitute an offer or solicitation with respect to the sale of any security. This information was obtained from sources we believe to be reliable but we do not represent that it is accurate or complete, and it should not be relied on as such. Certain transactions may give rise to substantial risk and are not suitable for all investors. This information was based on current market indicators which may vary over time. We may from time to time buy or sell, or have long or short positions in securities identical or related to those identified herein.
Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Loans and/or Securities which may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results. This information from Banes Capital Group (BCG) and/or Hanover Securities is for your private use, and was obtained from sources we believe to be reliable. However, we do not represent that this information is accurate or complete, and it should not be relied on as such. This information is for institutional investors only, and as such certain transactions may give rise to substantial risk and are not suitable for all investors. This information was based on current market indicators which may vary over time. We may from time to time buy or sell, or have long or short positions in loans or securities identical or related to those identified herein.
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