| Last | Change | Percent | |
| S&P Futures | 1875.0 | -3.1 | -0.17% |
| Eurostoxx Index | 3104.7 | 9.4 | 0.30% |
| Oil (WTI) | 101.4 | -1.2 | -1.17% |
| LIBOR | 0.234 | -0.001 | -0.55% |
| US Dollar Index (DXY) | 79.74 | 0.024 | 0.03% |
| 10 Year Govt Bond Yield | 2.78% | 0.00% | |
| Current Coupon Ginnie Mae TBA | 105.5 | 0.0 | |
| Current Coupon Fannie Mae TBA | 104.2 | 0.0 | |
| RPX Composite Real Estate Index | 200.7 | -0.2 | |
| BankRate 30 Year Fixed Rate Mortgage | 4.37 |
Markets are lower on no real news. Bonds and MBS are flattish.
We have a data-light week coming up, with nothing today, and then a few reports that aren't really market moving. The biggest one will probably be retail sales on Thursday.
Man Bites Dog: CFPB is guilty of discrimination under the disparate impact theory.
The NAHB Leading Markets index shows that 59 out of 350 metro areas returned to or exceeded their last normal levels of economic and housing activity. This index is based on housing and jobs activity. Overall, the nation is running at 87% of normal economic and housing activity.
Professional Investors have been driving up the price of housing in some areas to unaffordable levels. We are seeing that happen in South Florida, and probably Southern California as well. Which begs the question: What is their exit strategy?
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