The Day Ahead: Case-Shiller HPI, Consumer Confidence, $35 Billion 5s Offered

Hot news from AZ Home Help:

Posted To: MBS Commentary

Benchmark interest rates are holding onto yesterday's post-auction bond market rally even as equity futures rally toward new two-year highs. This comes ahead of home price and consumer confidence data later this morning. Seventy minutes before the opening bell, the 10yr TSY note is -1/32 at 94-03 yielding 3.331% while the Fannie Mae 4.5 MBS coupon is -2/32 at 102-00. S&P 500 futures are 2.00 points up at 1,255.25. The market was mixed yesterday amid light trading ― according to CNN, it was the lightest trading day of the year. Today should be more of the same unless the two data reports bring in unexpected news. Since Dec. 1, the S&P has climbed 6.52%. Commodity prices are also rising this morning with light crude oil trading 0.42% higher at $91.38 per barrel and gold prices 1.52% up...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com