Maine Mortgage Market Update 11.18.2010

Mortgage bond prices opened considerably lower pushing rates higher following the data this morning. The lower coupons are taking it harder than others currently. Weekly jobless claims came in at 439k, expected at 440k, not bond friendly. We have Leading economic indicators and Philadelphia Fed data later this morning.

Maine Mortgage Market Update 11.10.2010

Mortgage bond prices opened lower Wednesday morning adding to the losses seen Tuesday afternoon. In news released this morning, weekly jobless claims stood at 435K and continuing claims, a summation of all receiving benefits stood at 4,301K. Economists’ expectations were for a read of 450K and 4,350 respectively. That data was stronger than expected andContinue reading “Maine Mortgage Market Update 11.10.2010”

Events effecting the Maine Mortgage Market 11.08 to 11.12

LOOKING AHEAD Economic Indicator Release Date & Time Consensus Estimate Analysis 3-year Treasury Note Auction Monday, Nov. 8, 1:15 pm, et None Important.  $32 billion of notes will be auctioned.  Strong demand may lead to lower mortgage rates. 10-year Treasury Note Auction Tuesday, Nov. 9, 1:15 pm, et None Important.  $24 billion of notes will be auctioned.  Strong demandContinue reading “Events effecting the Maine Mortgage Market 11.08 to 11.12”

Maine Mortgage Market Update 11.04.2010

Mortgage bond prices remain stronger this morning erasing the losses from yesterday afternoon following the data this morning. Preliminary Q3 productivity rose 1.9%, higher than the expected 1% increase. Weekly jobless claims came in at 457k, higher than the expected 443k. We still have the employment report looming tomorrow. There is more potential for wildContinue reading “Maine Mortgage Market Update 11.04.2010”

Maine Mortgage Market Update 10.28.2010

Mortgage bond prices remain higher Thursday morning erasing the losses seen Wednesday afternoon and more. In news released this morning weekly jobless claims stood at 434K and continuing claims stood at 4,356K. Analysts were expecting claims at 458K and 4,450K respectively. That data was better than expected and not bond friendly. Traders will spend theContinue reading “Maine Mortgage Market Update 10.28.2010”

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