Good morning and happy hump day! Today we had a duet of scheduled housing news, starting with Mortgage Applications for the week ending Sept. 17th at 6:00 a.m. central and Existing Home Sales for Aug. due out at 9:00 central. Last week on Mortgage Applications we had our 1st up-number in a while at +.3%. Today’s number came in hot at +4.9%! Existing Home Sales today were expected at -1.7% after +2.0% last month, and instead came in worse at -2.00%. Also this week, Morgan Stanley started with taper talk, as their global fixed income portfolio manager Jim Caron joined the exchange and MS was fishing for sound bites.
Bonds today are flat as farmland in Kansas. The 10yr T-Notes are +1/32 to yield 1.131%. In MBS FNMA 30yr 2.50% are +2/32 to $103-24 which yields 1.50% and spreads +83 to the 4.1yr treasury curve. That’s it for us today. Everyone have a great day and call or email us if you need any help with your MBS or loan inquiries!
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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