Market news and reports- we opened to a quiet morning

It has been a quiet morning. Investors again will be waiting for news about the fiscal talks in Congress. The Dow is up 100 points. The Fed's Beige Book will be released at 2:00 et.

 

The nation is just hours away from a crucial deadline to avert default on its debts and Washington remains muddled in a risky legislative process that has the American people and the rest of the world holding its collective breath. After a furious day of Republican proposals ended with a thud and no House votes to advance a plan, lawmakers have even less time to approve a measure to increase the nation’s borrowing power and end a dragging government shutdown.

 

 

From: Capital Markets
Sent: Wednesday, October 16, 2013 7:37 AM
To: PC Loan Officers; LM Loan Officers; MC Loan Officers; Loan Officer IM List; 'AllUsers@firstcapitalmtg.com'
Cc: RMR Operations; LM Ops
Subject: RE: Market Update

 

MBS  -3/32@100.25     10 Yr Treasury -5/32 @ 2.7510       Dow +161@ 15,329

 

Top of Form Treasuries
16-Oct-13 Last Change 3-Month T-Bill 0.01% 0.00% 6-Month T-Bill 0.03% -0.01% 1-Year T-Bill 0.16% 0.01% 2-Year Note 0.37% 0.01% 3-Year Note 0.69% 0.01% 5-Year Note 1.45% 0.01% 10-Year Note 2.74% 0.01% 30-Year Bond 3.79% 0.00%

 

Top of Form Major Indices
16-Oct-13 Last Change 11th District COFI 0.956% 0.002% 1-Month LIBOR 0.176% 0.002% 6-Month LIBOR 0.364% 0.001% 12-Month LIBOR 0.630% 0.001% MTA Index 0.144% -0.005% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Top of Form Mortgage Rates
16-Oct-13 Last Change 15-Year Fixed Freddie 3.31% 0.02% 30-Year Fixed Freddie 4.23% 0.01% 1-Year ARM Freddie 2.64% 0.01% 5/1-Year ARM Freddie 3.05% 0.02% Bottom of Form

 

 

 APOR (Changes Mondays)

30 Yr Fixed-  4.29%

15 Yr Fixed- 3.41%

5/1 ARM -      2.97%

7/1 ARM   -    3.28%

10/1-ARM -  3.79%

 

Economic Calendar

	Event	Actual	Cons.	Previous
Oct 13	IMF Meeting
Oct 14	Columbus Day
Oct 15	NY Empire State Manufacturing Index (Oct)		7.00	6.29
	Redbook index (MoM)			-0.5%
	Redbook index (YoY)			3.3%
	Fed's William Dudley speech
	3-Month Bill Auction			0.035%
	6-Month Bill Auction			0.06%
	Fed's Richard Fisher's speech
Oct 16	MBA Mortgage Applications (Oct 11)			1.3%
	Net Long-Term TIC Flows (Aug)			$31.1B
	Total Net TIC Flows (Aug)			$56.7B
	NAHB Housing Market Index (Oct)		58	58
	4-Week Bill Auction			0.35%
	52-week Bill auction			0.12%
	FOMC Member Pianalto Speech
	Fed's Beige Book
	Fed's George Speech
	Fed's Richard Fisher's speech
Oct 17	Fed's Richard Fisher's speech
	Building Permits (MoM) (Sep)		0.938M	0.918M
	Housing Starts (MoM) (Sep)		0.908M	0.891M
	Initial Jobless Claims (Oct 11)		357K	374K
	Continuing Jobless Claims (Oct 4)		2.935M	2.905M
	Philadelphia Fed Manufacturing Survey (Oct)		15.0	22.3
	EIA Natural Gas Storage change			90B
	EIA Crude Oil Stocks change (Oct 11)			6.807M
	Fed's Evans Speech
	Fed's George Speech
	Fed Minneapolis's Narayana Kocherlakota speech
Oct 18	American Petroleum Institute Monthly Report (Sep)
	CB Leading Indicator (MoM) (Sep)		0.6%	0.7%
	Fed's Evans Speech
	Fed's Tarullo speech