| Last | Change | Percent | |
| S&P Futures | 1847.7 | 8.1 | 0.44% |
| Eurostoxx Index | 3126.3 | 34.8 | 1.13% |
| Oil (WTI) | 104.6 | 0.8 | 0.82% |
| LIBOR | 0.228 | 0.002 | 0.66% |
| US Dollar Index (DXY) | 79.7 | -0.104 | -0.13% |
| 10 Year Govt Bond Yield | 2.64% | 0.01% | |
| Current Coupon Ginnie Mae TBA | 105.7 | -0.1 | |
| Current Coupon Fannie Mae TBA | 104.4 | 0.0 | |
| RPX Composite Real Estate Index | 200.7 | -0.2 | |
| BankRate 30 Year Fixed Rate Mortgage | 4.26 |
Markets are higher this morning as earnings are coming in better than expected. Bonds and MBS are down small.
Mortgage Applications rose 4.3% last week, the first increase in a month. Both purchases and refis rose.
Industrial Production rose .7% in March, and capacity utilization rose to 79.2%, the highest since mid-2008.
Housing starts came in at a 946k pace in March, lower than the 970k street estimate. Building Permits were 990k, again south of expectations. Single family starts were up half a percent, while the volatile multi-fam segment fell 6.4%. Activity rebounded in the Northeast, but the South and West were down.
Speaking of the builders, according to the NAHB, homebuilder sentiment improved slightly in April from a downward-revised March reading. So far, it is looking like the Spring selling season is going to be nothing special, as ongoing tight credit conditions and capacity constraints keep a lid on optimism.
Believe it or not, some places in the country are finding they have to raise wages in order to attract talent. Mark Zandi, chief economist at Moody's says there are spot labor shortages that will probably broaden out over the next year as the job market steadily improves.
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