6/08/16

June 8th, 2016

 

Wed Jun  08 10:51 AM - Chart above was posted 

Wed Jun  08 10:41 AM - New rates posted

Wed, Jun 08 10:19 AM - The S&P, and the Dow giving up some gains, Nasdaq falls into negative territory.

Wed, Jun 08 9:32 AM - Stocks open modestly higher.
 
Wed, Jun 08 8:44 AM - WTI oil hasn't closed above $50 since last July.
Wed, Jun 08 8:38 AM - The NY Fed will be purchasing up to $2.375B in Fannie/Freddie 30-yr 3s and 3.5s this morning. However, after that, the Fed will be mostly quiet in purchasing Mortgage Bonds on Thursday and Friday.
Wed, Jun 08 8:27 AM - The MBAs refinance index +7%, purchase index +12%.
Wed, Jun 08 8:26 AM - The MBA reports that its Market Composite Index, a measure of total mortgage application volume, surged 9.3% in the latest week.
Wed, Jun 08 8:25 AM - There are no major economic reports due for release today.
Wed, Jun 08 8:24 AM - CoreLogic reports that home prices rose 6.2% year-over-year from April 2015 to April 2016. Month-over-month, +1.8%.
Wed, Jun 08 8:23 AM - WTI oil $50.97/barrel, +$0.60.
Wed, Jun 08 8:23 AM - U.S. dollar index 93.61, -0.21.
Wed, Jun 08 8:20 AM - S&P futures are modestly higher a day after the index hit an 11 month high of 2,112.
Wed, Jun 08 8:19 AM - 10-yr T Note yield unchanged at 1.71%. The Treasury will sell $20B 10-year Notes today, results at 1:00 p.m. ET.
Wed, Jun 08 8:17 AM - Mortgage Bonds open near unchanged as the Fannie 30-yr 3% coupon hovers near resistance at 102.78.

Contact

John Marbury
jmarbury@nationalbankofcommerce.com
Mortgage Lender NMLS# 514390
NMLS# 740833
Phone:205-266-5669
Fax: 866-217-4174

813 Shades Creek Parkway
Birmingham, Alabama 35209
 

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