| Last | Change | Percent | |
| S&P Futures | 1822.0 | 10.3 | 0.57% |
| Eurostoxx Index | 3128.3 | 11.8 | 0.38% |
| Oil (WTI) | 103.7 | 0.0 | -0.01% |
| LIBOR | 0.229 | 0.002 | 0.97% |
| US Dollar Index (DXY) | 79.82 | 0.365 | 0.46% |
| 10 Year Govt Bond Yield | 2.65% | 0.02% | |
| Current Coupon Ginnie Mae TBA | 105.8 | -0.1 | |
| Current Coupon Fannie Mae TBA | 104.5 | -0.1 | |
| RPX Composite Real Estate Index | 200.7 | -0.2 | |
| BankRate 30 Year Fixed Rate Mortgage | 4.24 |
SPUS are higher this morning after Thursday and Friday's bloodbath. Bonds and MBS are down small.
Retail Sales came in better than expected, and the previous month was revised upward by a pretty large amount. March sales came in at +1.1% (vs .9 expected) and February was revised upward from .3% to .7%.
We have a short week coming up with markets closed on Friday. In terms of economic data, the big day will be Wednesday, when we get housing starts and building permits as well as industrial production and capacity utilization. After that, expect a lot of position-squaring ahead of the 3 day weekend.
Earnings season really begins this week, with a lot of heavyweights reporting. This morning we got Citi, and later this week we will hear from Bank of America, Google, General Electric, and Goldman.
Ever since Mel Watt took of FHFA, he has been pretty silent about what he is looking for, and how he wants to treat the GSEs going forward. At the end of the day, Watt is an affordable housing CRA guy to the bone and won't do anything that jeopardizes that.
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