Return to Homepage


home | login
PLEASE VISIT OUR SPONSORS
 
Click here to register for lion inc
Login:
Password:
Remember my login
Forgot Your Password?
 
Market Commentary go to market commentary


Updated on July 29, 2014 11:08:32 AM EDT Tuesday’s bond market has opened in positive territory despite a surprisingly strong piece of economic news. The stock markets are showing noticeable gains with the Dow up 64 points and the Nasdaq up 22 points. The bond market is currently up 5/32, which may improve this morning’s mortgage rates by approximately .125 of a discount point.
OpenClose Mortgage Software

Today’s only important economic data came from the Conference Board at 10:00 AM ET. They announced their Consumer Confidence Index (CCI) rose to 90.9 in July, exceeding forecasts of85.6 and June’s revised reading of 86.4. This means that surveyed consumers were much more optimistic about their own financial and employment situations than many had thought. That makes the data negative for the bond market and mortgage rates because rising confidence usually means consumers are more apt to spend money, fueling economic growth. However, even though stocks are reacting as expected to the news, bonds don’t seem to be too concerned about the data at the moment.


Market Snapshot go to market snapshot


Weekly Indices  
   this week last week
6 Month CD   0.060 0.060
1 Year T-Bill  
2 Year T-Note   0.539 0.480
3 Year T-Note  
5 Year T-Note   1.685 1.670
10 Year T-Note   2.461 2.466
30 Year T-Bond   3.226 3.242

Mortgage
Mortgage  this week last week
30yr Conf Ntl Avg   4.130 4.130
15yr Conf Ntl Avg   3.260 3.260



Loan Link   Lead Manager
Quickly find lenders interested in funding your non-conforming, subprime, commercial and other niche loans   Access, manage and process leads in your pipeline.
 
Retail Rates   Ratesheets on Demand
Update and display your programs and pricing on your web site.   View or fax the ratesheets you want, when you want.
 
Web Settings  
Manage web site content, layout, design and color options.  
 
AOL Users Click Here
 

 
LION Home Page
I am a: Interested In:
LION, Inc. Company Information | Mortgage Websites | Loan Pricing | Leads/Marketing
Feedback | Privacy Policy | Legal Notices

Copyright © 1990-2007 by LION, Inc.  All Rights Reserved.