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    Writealoan.com, Inc has been in business for twenty four years. Our consumer direct internet based system allows us to offer you one of the most cost effective and convenient ways to apply for a mortgage Today! We are a Local Lender submit your Quick Application with confidence.

    May 24th, 2016

    Today's market Commentary

    MBS prices fell a bit after the 10am et data. New home sales were 619K, expected 521K. This was not good for a delayed rate hike and supports the recent Fed talk. The DOW was up 179 points at pricing.

    Mortgage bonds opened near unchanged this morning ahead of the new home sales data at 10am et.

    Stock futures were higher ahead of the 9:30 am et official open. Stocks were near unchanged yesterday with the DOW down 8 points and the NASDAQ down 4 points.

    Global equities were higher at the open. This could put upward pressure on rates in the short term if a large rally occurs.

    There is a 2Y Treasury auction today with results around 1:15pm et.

    News out of the Eurozone showed continued weakness. An economic sentiment reading from Germany was lower than expected. Analysts blame the upcoming June vote on BREXIT (British exiting the Eurozone) as dragging on the entire arena.

    Event Calendar:
    Tuesday, May 24, 2016
    New Home Sales @ 10 am ET

    Tuesday, May 24, 2016
    2-year Treasury Note Auction @ 1:15 pm ET

    Wednesday, May 25, 2016
    FHFA House Price Index @ 10 am et

    Wednesday, May 25, 2016
    5-year Treasury Note Auction @ 1:15 pm et

    Thursday, May 26, 2016
    Weekly Jobless Claims @ 8:30 am ET

    Thursday, May 26, 2016
    Durable Goods Orders @ 8:30 am ET

    Thursday, May 26, 2016
    7-year Treasury Note Auction @ 1:15 pm et

    Friday, May 27, 2016
    Q1 GDP Second Estimate @ 8:30 am et

    Friday, May 27, 2016
    U of Michigan Consumer Sentiment @ 10 am et

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