Morning Report – Trying to kickstart Dodd Frank 8/20/13

Posted on August 20, 2013 by Brent Nyitray

Vital Statistics:

 

 

 

Last

Change

Percent

S&P Futures 

1652.4

7.7

0.32%

Eurostoxx Index

2837.6

1.8

0.06%

Oil (WTI)

108.8

-0.2

-0.21%

LIBOR

0.264

0.001

0.34%

US Dollar Index (DXY)

81.26

0.076

0.09%

10 Year Govt Bond Yield

2.82%

0.03%

  

Current Coupon Ginnie Mae TBA

103.03

-0.6

  

Current Coupon Fannie Mae TBA

102.9

-0.3

  

RPX Composite Real Estate Index

200.7

-0.2

  

BankRate 30 Year Fixed Rate Mortgage

4.59

 

Markets are higher this morning after some good retail earnings and the Chicago Fed National Activity Index rose slightly to -.15. Bonds and MBS are rallying.
 
President Obama met with various regulators regarding Dodd-Frank yesterday, and stressed the need to prevent another crisis from happening, and also to make sure the housing finance system “that better serves middle class families” (whatever that means). Sounds like more of the same “Slug the lenders harder – maybe they’ll finally take some risk.” thought process going on.
 
Another good data point on the housing recovery – good earnings from the Despot. Comps up 11.4%, which is pretty impressive.
 
Cool real estate price “heat map” courtesy of the NY Fed.  The West is the Best. 
 
Unemployment is rising in more than half the states and fewer states are adding jobs. The labor market may be losing some steam

Filed under: Morning Report |

« »

4 Responses

  2. Brent Nyitray's avatar
    Brent Nyitray, on August 20, 2013 at 3:00 pm said:

    slow news day…

    Like

    Reply
  3. Let the mutherfuker burn!'s avatar
    Troll McWingnut or George, whichever, on August 20, 2013 at 4:07 pm said:

    I’m working w/my boss today and tomorrow.

    Like

    Reply

Be kind, show respect, and all will be right with the world.