| Last | Change | Percent | |
| S&P Futures | 2106.0 | -0.7 | -0.03% |
| Eurostoxx Index | 3526.4 | 6.9 | 0.19% |
| Oil (WTI) | 50.09 | 0.6 | 1.29% |
| LIBOR | 0.263 | 0.001 | 0.42% |
| US Dollar Index (DXY) | 94.75 | 0.183 | 0.19% |
| 10 Year Govt Bond Yield | 2.08% | 0.02% | |
| Current Coupon Ginnie Mae TBA | 102 | -0.2 | |
| Current Coupon Fannie Mae TBA | 101.3 | -0.1 | |
| BankRate 30 Year Fixed Rate Mortgage | 3.94 |
Markets are flat this morning after the EU and Greece agreed to a 4 month extension of their rescue package. Bonds and MBS are down small.
Janet Yellen is set to testify in front of the Senate this morning. Watch for volatility in rates. The prepared remarks are here. Initial reaction of bonds is negative.
Home prices rose .87% month-over-month and 4.5% year over year, according to Case-Shiller. We continue to approach normalcy, but housing starts / new home construction remain at recessionary levels. The Great Millennial Develeraging continues...
The Home Despot reported good earnings this moring, and the stock is up smartly. They boosted their quarterly dividend by 26% and authorized an $18 billion buyback. Sale store sales increased 7.9%. The conference call is going on right now, and it appears that the strike in the West Coast ports has not become an issue yet. Also, they are not seeing upward wage pressure as their wages are "above market."
McMansion builder Toll Brothers beat numbers this morning, and took up guidance for 2015. ASPs are forecast to increase to $742,500 higher than the previous guidance of $735,000. Deliveries will increase as well to 5,600 units from 5,500 units. They will hold a conference call at 11:00 am EST.
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