| Last | Change | Percent | |
| S&P Futures | 1575.8 | -5.9 | -0.37% |
| Eurostoxx Index | 2684.1 | -20.3 | -0.75% |
| Oil (WTI) | 93.23 | -0.4 | -0.44% |
| LIBOR | 0.276 | 0.000 | 0.00% |
| US Dollar Index (DXY) | 82.61 | -0.132 | -0.16% |
| 10 Year Govt Bond Yield | 1.68% | -0.03% | |
| Current Coupon Ginnie Mae TBA | 106 | 0.0 | |
| Current Coupon Fannie Mae TBA | 104.5 | 0.2 | |
| RPX Composite Real Estate Index | 191 | 0.5 | |
| BankRate 30 Year Fixed Rate Mortgage | 3.47 |
Markets are slightly weaker after Q1 GDP came in weaker than expected. D.R. Horton reported better than expected earnings. Bonds and MBS are stronger
Q1 GDP came in at + 2.5%. lower than the 3% estimate. This is the advance estimate - Q1 GDP will be revised twice in the next two months. Consumer spending increased at 3.2% and the savings rate declined. The back-to-back drop in defense spending was the biggest since 1954. Real disposable incomes fell 5.3% in Q1 on increased taxes. C = 3.2%, I = 3%, G = -4.1%.
The Senate voted to end sequestration-related furloughs for air traffic controllers and the measure will be sent to the House today. President Obama has said he will consider whatever is sent to him.
CoreLogic has acquired Case-Schiller.
The CFPB has proposed amendments to the QM rule. The proposals are here.
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