Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
28,899
# of Forum Posts
 

Send Article via Email

REGISTERED USERS (Free!):
Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 2 and 6 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
 
This email was sent to you by:
Harry Chriest |
Mortgage News Daily

Message:   YOUR MESSAGE HERE
Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
Bond Markets Losing Ground After Stronger Housing Starts Data
Posted to: Micro News
Friday, May 16, 2014 8:40 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

The overnight session was uneventful for Treasuries, with a narrow 2.49-2.51 range.  They reached the domestic session almost perfectly unchanged, and MBS also opened in line with yesterday's close.  Both are losing ground following the stronger-than-expected Housing Starts data.

Housing Starts

  • April Housing Starts 1.072 million vs 980k forecast
  • March revised to 947k from 946k
  • Building Permits 1.080 million vs 1.010 million forecast
  • Building Permits highest since June 2008
  • Single Family Starts only +0.8, Multifamily +39.6

10yr yields are up to 2.513 from 2.49 before the data.  Fannie 3.5 MBS moved down from 102-18 to 102-13.




More from MND:

 

If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.20%
  • |
  • 15 Yr FRM 3.33%
  • |
  • Jumbo 30 Year Fixed 4.04%
MBS Prices:
  • 30YR FNMA 4.5 107-25 (0-02)
  • |
  • 30YR FNMA 5.0 110-05 (-0-01)
  • |
  • 30YR FNMA 5.5 110-27 (-0-03)
Recent Housing Data:
  • Mortgage Apps 2.43%
  • |
  • Refinance Index 4.14%
  • |
  • FHFA Home Price Index 0.67%