May 11th, 2016

Below is the news when it happened and market reaction.  All of the times below are Eastern Standard Time

10:17 AM Idexes


10:11 AM New Rates have been posted http://www.johnmarbury.com/page5.html/

Wed, May 11 8:49 AM - The Treasury will be selling $23B 10-yr Notes today, results at 1:00 p.m. ET.
Wed, May 11 8:16 AM - The MBA reports that its Market Composite Index, Refinance Index and the Purchase index rose 0.4%, 0.5% and 0.4%, respectively in the latest week.
Wed, May 11 8:15 AM - WTI oil $44.83/barrel, near unchanged.
Wed, May 11 8:14 AM - 10-yr T Note yield 1.76%.
Wed, May 11 8:13 AM - There are no major economic reports due for release today.
Wed, May 11 8:11 AM - MBS open near unchanged as Stock futures edge lower as weak earnings from Disney and Macy's weighs on equities.
Wed, May 11 8:04 AM - Mortgage Bonds had their Monthly Bond Rollover after the close of trading yesterday for the Fannie Mae securities. The effect was -31bp for the 3% Fannie Mae 30-yr benchmark coupon


John Marbury
NMLS# 740833
Fax: 866-217-4174

813 Shades Creek Parkway
Birmingham, Alabama 35209

Mission Statement

As a loan officer (mortgage broker 1989-2006) since 1985, I have seen a lot of changes over the years. The only consistency in the mortgage business and life is change. This is the reason that we believe it is necessary to move quickly and to be early. Let us know if you have any questions or if we can help in any way.

Sign Up Now!