| Last | Change | Percent | |
| S&P Futures | 1680.0 | 10.9 | 0.65% |
| Eurostoxx Index | 2843.9 | 45.6 | 1.63% |
| Oil (WTI) | 107.4 | -2.1 | -1.96% |
| LIBOR | 0.256 | 0.000 | 0.00% |
| US Dollar Index (DXY) | 81.91 | 0.119 | 0.15% |
| 10 Year Govt Bond Yield | 2.96% | 0.05% | |
| Current Coupon Ginnie Mae TBA | 103.2 | -0.3 | |
| Current Coupon Fannie Mae TBA | 102.6 | -0.1 | |
| RPX Composite Real Estate Index | 200.7 | -0.2 | |
| BankRate 30 Year Fixed Rate Mortgage | 4.56 |
Markets are higher on the possibility of a peaceful resolution to the Syrian crisis. Overnight, Syria has accepted a Russian framework of surrendering chemical weapons to international authorities. This has sent oil down and stock index futures up. Bonds and MBS are weaker
The NFIB Small Business Optimism Index came in at 94, a touch weaker than expected. Interestingly, the plans to increase employment increased 7 percentage points to a net 16%, however, earnings trends fell 13 points to -35%. So profitability is falling, but companies plan to increase headcount anyway? Surprising result. This survey also shows that while things are going well for the big cap S&P 500 names with international exposure, small businesses are still struggling.
Speaking of stock indices and struggling, the Dow Jones Industrial Average is making some changes. Out: Hewlett-Packard, Alcoa, and Bank of America. In: Goldman, Nike, Visa.
Higher interest rates are beginning to dampen people's expectations for future home price appreciation, according to the latest Fannie Mae Housing Survey. The expected home price appreciation for the next 12 months has fallen to 3.4% in August from 3.9% in May.
The National Association of Homebuilders Improving Markets Index reached a record high in September as a total of 291 metro areas now qualify as improving markets. Here is a map of the improving areas:
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