| Last | Change | Percent | |
| S&P Futures | 1870.5 | -1.8 | -0.10% |
| Eurostoxx Index | 3186.8 | -17.5 | -0.55% |
| Oil (WTI) | 100.7 | 0.5 | 0.46% |
| LIBOR | 0.224 | 0.001 | 0.34% |
| US Dollar Index (DXY) | 79.74 | 0.375 | 0.47% |
| 10 Year Govt Bond Yield | 2.62% | 0.00% | |
| Current Coupon Ginnie Mae TBA | 106.4 | 0.1 | |
| Current Coupon Fannie Mae TBA | 105 | 0.0 | |
| BankRate 30 Year Fixed Rate Mortgage | 4.21 |
Markets are flattish on no real news. Bonds and MBS are down small.
Job openings decreased to 4 million from 4.1 million in March
J.P. Morgan is getting into the jumbo business. Jumbo rates are still about 12 basis points lower than rates on a conventional loan. It is also a way to leverage the private client business, which makes sense. At BNY - clients can get 100% financing by pledging investment assets as collateral. They also offer 90 day locks. Again, this is largely for high net worth clients who are paying the bank asset management fees.
Liberals on the Senate Banking Committee have rejected the housing finance reform bill. The bill will probably still clear the committee, but the left is complaining that there is not enough mandates for affordable housing lending. That said, given the rejection on the part of the left housing reform is probably dead for this year. If Republicans end up taking the Senate, the left will wish it played ball.
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