Jobs Report tomorrow

Suggestions that can change during the day: Mortgage Bond prices are modestly higher ahead of tomorrow's closely watched jobs report. Short-term locking is recommended.After close Commentary: Not much movement in MBS today ahead of tomorrow's Jobs Report for October where it is expected that 300K new positions were created. The benchmark Fannie Mae 30-yr 3.5% coupon closed at 102.84, +6bp, above resistance at the 200-day Moving Average. Stocks ended mixed. The Dow ended with an 81.25 gain closing at a record high of 23,516.26, the S&P closed near unchanged at 2,579.85, wh...

November 2nd, 2017 Jobs Report tomorrow

Fed Release

Suggestions that can change during the day: Mortgage Bonds are near unchanged despite higher Stock prices. Heading into today's Fed statement, carefully floating is recommended.After close Commentary:  MBS traded near unchanged for most of the session after a brief move lower early in the session finishing off their worst levels. Despite the S&P and the Dow closing higher and solid economic data today, MBS were able to close near unchanged. The Fannie Mae 30-yr 3.5% coupon closed at 102.74, unchanged and just above resistance at the 200-day Moving Average. The S&P 500 clo...

November 1st, 2017 Fed Release

Home Prices up 5.9%

Suggestions that can change during the day:  After some strong economic data, Mortgage Bonds are showing resilience as they trade near unchanged. Carefully floating is recommended.After close Commentary: Not much movement in the MBS market today as traders sat on their hands ahead of the Fed statement. Despite some strong economic data from Chicago PMI, Case-Shiller and Consumer Confidence, MBS ended with meager losses. The Fannie Mae 30-yr 3.5% coupon closed at 102.75, -6bp and right at resistance at the 200-day Moving Average. The Dow and S&P notched 7th straight monthly g...

October 31st, 2017 Home Prices up 5.9%

Core PCE 1.3% Fed wants 2%

Suggestions that can change during the day: After the recent steep decline, Mortgage Bond prices are modestly higher on Stock weakness. Carefully floating is recommended.After close Commentary: MBS kicked off the week on a positive note with the help of lower Stock prices and somewhat negative headlines out of Washington D.C. Lower shares of Merck, the Russian probe and corporate tax cuts to go slowly weighed on Stocks and boosted Bond prices, which led to lower yields. Tame Core PCE inflation also helped to buoy Bond prices. The Fannie Mae 30-yr 3.5% coupon closed at 102.84, +28bp and ab...

October 30th, 2017 Core PCE 1.3% Fed wants 2%

Markets like Jerome

Suggestions that can change during the day: MBS also got a lift from the New York Fed as it purchased $1.50B in Fannie/Freddie 30-yr 3.5% and 4% coupons this morning.Stock and Bond prices get a boost on rumors that President trump leans towards somewhat dovish Fed Governor Jerome Powell as the next Fed Chair. After close Commentary: Rumors continued to surface today that President Trump is leanings towards dovish Fed Governor Jerome Powell to be the next Fed Chair, which lifted Bond prices mid-afternoon and pushed yields lower. Bond shrugged off early morning weakness when the h...

October 27th, 2017 Markets like Jerome

New Home Sales surge 18.9% Highest since October 2007

Need a Rate quote?  Call (205-266-5669) or email (jmarbury@nationalbankofcommerce.com) John Suggestions that can change during the day:  Rates are currently improving after they were set this morning.  Now it might good time float,  Thinds change quickly.  Call for more information After close Commentary: Coming Soon Late morning Commentary:   The Commerce Department reported on Wednesday that New Home Sales surged 18.9% in September from August to their highest level since October 2007. This was the largest monthly gain since January 1992...

October 25th, 2017 New Home Sales surge 18.9% Highest since October 2007

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
 

Mission Statement

To be the simplest and most informative mortgage website on the market today. To make the mortgage process as easy as possible, by informing and educating the consumer on what to expect and how much it is going to cost.

Sign Up Now!