| Last | Change | Percent | |
| S&P Futures | 2097.5 | 6.6 | 0.32% |
| Eurostoxx Index | 3808.6 | 24.0 | 0.63% |
| Oil (WTI) | 54.39 | 1.1 | 2.06% |
| LIBOR | 0.275 | -0.002 | -0.61% |
| US Dollar Index (DXY) | 99.16 | 0.429 | 0.43% |
| 10 Year Govt Bond Yield | 1.89% | -0.01% | |
| Current Coupon Ginnie Mae TBA | 103.6 | 0.2 | |
| Current Coupon Fannie Mae TBA | 102.5 | 0.2 | |
| BankRate 30 Year Fixed Rate Mortgage | 3.79 |
Markets are higher this morning as ECB President Mario Draghi speaks and bank earnings continue to trickle in.
Mortgage Applications fell 2.3% last week. Purchases were down 3.1%, while refis were down 1.8%.
Some weaker economic data this morning: the Empire Manufacturing Index fell steeply in April, to -1.19 vs. 6.9 expected, while industrial production fell .6% and capacity utilization fell to 78.4%. Can't blame this on the weather - blame the dollar.
Bank of America reported that mortgage originations increased 18% QOQ and 54% on a YOY basis. Between JPM, BAC, and WFC, it looks like the mortgage business is improving quite a bit. Maybe the long-awaited turn in the real estate sector is upon us. We will get more data tomorrow with housing starts and building permits.
Builder confidence rose 4 points in March, according to the NAHB.
Hillary officially launched her campaign over the weekend, unveiling her new logo, which looks like "Hospital Thataway." Suffice it to say, the H logo appears to be a bomb, and the interwebs are already making fun of it.
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