Data Weak
3/31/10 Mortgage Backed Securities are plus 3bp this morning. ADP employment numbers and the Chicago Purchasing Managers Index are both lower than expected. Bond markets improved after the news. With the Fed exiting the MBS purchase program today there was no huge rally. Fed officials have started talking about the sale of their 1.25 trillion dollars of MBS. It will not happen over night, but it will start happening and that will make rates go up over time. The Fed had used its...

Confidence Higher
3/30/10 Mortgage Backed Securities are minus 25bp this morning. Consumer confidence is better than analysts' expectations and is causing a small rally in stocks. The Fed has reduced the amount of MBS that they are purchasing and end the purchase program tomorrow. This has and will create volatility in the MBS market. Locking will be our stance for the near future as we evaluate how the the Fed exiting the MBS market will effect rates. There is an abundence of high impact...

Mike Ditka Resorts is extremely excited to have the band Dance Hot on board as the musical entertainment at Mike Ditka Resorts Annual Celebrity Golf Outing on April 17th, 2010!

After an eventful day of golf at Mystic Dunes Golf Club and relaxing spa services provided by Select Massage, guests will be invited to join their favorite celebrities for a night of fun while enjoying the sensational, Orlando favorite band, Dance Hot.

Dance Hot will be playing a variety of...

Have an item you would like to donate?

Mike Ditka Resorts is seeking donations for both their silent and live auctions during Mike Ditka Resorts 2nd Annual Celebrity Golf Outing taking place in Kissimmee, Florida on April 16th – 18th, 2010.

Mike Ditka Resorts and Coach Ditka are teaming up to raise money for the Gridiron Greats Assistance Fund during this event. The Gridiron Greats is a non-profit organization that provides financial assistance, social services, and...

Sentiment Unchanged
3/26/10 Mortgage Backed Securities are plus 22bp this morning. Consumer Sentiment was in line with analysts' expectations. Greece's debt fears seem to be easing. Today is a slow news day. We will be watching the stock market for direction. Next week there is plenty of news on tap. The Fed's MBS purchase program also ends. We will be watching rates very carefully. Have a great weekend.

I have listed the average monthly rate for the 30 year fixed rate mortgage...