A place where economics, financial markets, and real estate intersect.

Monday, February 10, 2014

Morning Report - takeaways from Friday's jobs report

Vital Statistics:

Last Change Percent
S&P Futures  1789.8 -3.7 -0.21%
Eurostoxx Index 3036.5 -2.0 -0.07%
Oil (WTI) 99.6 -0.3 -0.28%
LIBOR 0.234 0.000 0.00%
US Dollar Index (DXY) 80.67 -0.019 -0.02%
10 Year Govt Bond Yield 2.69% 0.01%  
Current Coupon Ginnie Mae TBA 106 0.1
Current Coupon Fannie Mae TBA 105 0.0
RPX Composite Real Estate Index 200.7 -0.2
BankRate 30 Year Fixed Rate Mortgage 4.24

Markets are flat without a lot of news out there. Bonds and MBS are flat. The market seems to have been unsurprised by the jobs report on Friday.

The Wall Street Journal did a nice piece on the takeaways from Friday's jobs report. Punch line: January's report was almost as disappointing as December, but you can't blame the weather this time around.

Sometime today, the MBA will release delinquency and foreclosure data.

The CFPB is making data from the Home Mortgage Disclosure Act available on line. It is a way to compare fees and points charged to borrowers. It will also be used by regulators to determine which branches they want to hit. For lenders, it is a good way to gain insight into how you stack up in your geographic area.

Consumer Credit jumped in December, a potentially positive sign for the economy.

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