Maine Mortgage Market Wrap 02.03.2011

MARKET WRAP: Mortgage Bonds fell for a 4th straight session on a better than expected reading from the ISM Services, lower Initial Claims, Treasury supply next week and the biggest fear of all, inflation, which has been fueled by rising oil and food prices. The 4% coupon fell 34bp to end the session at 98.09.Continue reading “Maine Mortgage Market Wrap 02.03.2011”

Data effecting today’s Mortgage Market

9:33 AM ET – Stocks open lower despite the strong ADP data as they look to be somewhat overbought. 8:56 AM ET – MBAs Market Composite Index, a measure of mortgage loan application volume, increased 2.3% in the week ended 12/31. 8:44 AM ET – Stock futures lower but have pared some of those losses after ADP data.Continue reading “Data effecting today’s Mortgage Market”

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