| Last | Change | Percent | |
| S&P Futures | 1701.8 | -2.2 | -0.13% |
| Eurostoxx Index | 2807.7 | -3.3 | -0.12% |
| Oil (WTI) | 105.9 | -1.0 | -0.95% |
| LIBOR | 0.265 | -0.001 | -0.45% |
| US Dollar Index (DXY) | 81.99 | 0.077 | 0.09% |
| 10 Year Govt Bond Yield | 2.62% | 0.03% | |
| Current Coupon Ginnie Mae TBA | 104.6 | -0.1 | |
| Current Coupon Fannie Mae TBA | 103.8 | -0.2 | |
| RPX Composite Real Estate Index | 200.7 | -0.2 | |
| BankRate 30 Year Fixed Rate Mortgage | 4.38 |
Markets are flattish after a wild week with an unexpectedly strong GDP report, a dovish FOMC statement, and a disappointing jobs report. This week is very data-light, so I don't expect a whole lot of movement. We do have some Treasury auctions this week, but I don't see that as market moving. Bonds and MBS are down small.
The 10 year traded in a range of 2.57% to 2.74%. So far, it is looking like 2.74% is acting as resistance.
Another data point showing the first time homebuyer is being put off by higher rates - Beazer Homes announced a drop in orders as traffic has slowed due to higher interest rates. So far we have seen drops in orders from Pulte and Beazer - both geographically diverse builders with an emphasis on lower price points.
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