Mortgage and Real Estate Lending News

Weekly Calendar and Market News

Today

There were no major economic releases today.  However, we did see the 10YR Treasury yield jump above 3.00% for the first time in more than two years this morning as the yield hit 3.009%.  Have a great weekend!

Currently the 10YR Treasury is at 2.987and FNMA 4.0’s are + 4/32.

US 10-year yield highest in over 2 years - U.S. benchmark Treasury yields rose above 3 percent to their highest level in more than two years on Friday as traders pared their bond holdings in preparation for the Federal Reserve buying fewer bonds in 2014.

U.S. manufacturing, housing data buoy economic outlook - Orders for long-lasting U.S. manufactured goods surged in November and a gauge of planned business spending on capital goods recorded its largest increase in nearly a year, pointing to sustained strength in the economy.

US mortgage applications fall as refinance hits 5-year low: MBA - Applications for U.S. home mortgages fell for a second week and hit a 13-year low as mortgage rates rose due to a bond market sell-off following the Federal Reserve's decision to pare its bond purchase stimulus in January, an industry group said on Tuesday.

Bond Market Price Trend

Weekly Calendar

Date	ET	Release	For	Actual	Consensus	Prior	Revised From
23-Dec	8:30	Personal Income	Nov	0.20%	0.50%	-0.10%
23-Dec	8:30	Personal Spending	Nov	0.50%	0.50%	0.40%	0.30%
23-Dec	8:30	PCE Prices - Core	Nov	0.10%	0.10%	0.10%
23-Dec	9:55	Michigan Sentiment - Final	Dec	82.5	83.3	82.5
24-Dec	7:00	MBA Mortgage Index	21-Dec	-6.30%	NA	-5.50%
24-Dec	8:30	Durable Orders	Nov	3.50%	2.20%	-0.70%	-1.60%
24-Dec	8:30	Durable Goods –ex transportation	Nov	1.20%	0.60%	0.70%	0.40%
24-Dec	9:00	FHFA Housing Price Index	Oct	0.50%	NA	0.20%	0.30%
24-Dec	10:00	New Home Sales	Nov	464K	433K	474K	444K
26-Dec	8:30	Initial Claims	21-Dec	338K	350K	380K	379K
26-Dec	8:30	Continuing Claims	14-Dec	2923K	2850K	2877K	2884K
27-Dec	10:30	Natural Gas Inventories	21-Dec	177 bcf	NA	-285 bcf
27-Dec	11:00	Crude Inventories	21-Dec		NA	-2.941M

Next Week’s Calendar

Date	ET	Release	For
30-Dec	10:00	Pending Home Sales	Nov
31-Dec	9:00	Case-Shiller 20-city Index	Oct
31-Dec	9:45	Chicago PMI	Dec
31-Dec	10:00	Consumer Confidence	Dec
2-Jan	8:30	Initial Claims	28-Dec
2-Jan	8:30	Continuing Claims	21-Dec
2-Jan	10:00	Construction Spending	Nov
2-Jan	10:00	ISM Index	Dec
2-Jan	10:30	Natural Gas Inventories	28-Dec
3-Jan	11:00	Crude Inventories	28-Dec
3-Jan	14:00	Auto Sales	Dec
3-Jan	14:00	Truck Sales	Dec