OGI Mortgage Bankers

07/06/2022

Three things that could impact rates this week...

06/02/2022

Market Focus: OPEC

April Factory Orders hit 0.3% vs. est. of 0.7%. Q1 Non Farm Productivity was revised upward from -7.5% to -7.3%. Unit Labor Costs were also revised upward...

06/01/2022

Volatility spikes on inflationary data

Mohamed El-Erian, yesterday in an interview on Bloomberg, was not encouraging. He pointed out what is common knowledge that the Fed didn’t move quick enough to head off inflation...

05/23/2022

The market will be focused on the Fed minutes and inflation this week

Last Friday the stock indexes ended generally unchanged on the day; the 10 note dropped 6 bps to 2.79% and MBS prices were up 17 bps. This morning stock indexes at 8 am ET were...

05/20/2022

Equity market takes center stage ahead of the weekend

Stock indexes started a little better this morning, the 10 yr. note at 2.84% -1 bp, FNMA 4.5 30 yr. coupon -11 bps. There are no economic releases today...

05/19/2022

Market focus: Initial Weekly Jobless Claims and Manufacturing

Initial Weekly Jobless Claims were higher than expected (218K vs. est. of 200K). The more closely watched 4 week moving average ticked upward to 199,250. Continuing Claims were close to...

05/16/2022

Equity markets will be a key factor for volatility this week

At 8:30 am the New York state manufacturing activity unexpectedly contracted in May for the second time in three months, reflecting plunges in orders and shipments...

05/13/2022

Import and Export prices seem to confirm slowing inflation

April import and export prices released at 8:30 am were both less than forecasts. Import prices expected +0.6% were unchanged, yr./yr. expectations +12.0% on thoughts of 12.9%. Export prices estimates...

05/12/2022

Volatility remains high on jobs and PPI data

Initial Weekly Jobless Claims were 203K vs. est. of 195K. The more closely watched 4 week moving average remained below 200k (192,750). Continuing Claims were...

05/09/2022

Hesitation to buy a home fueling a gradual ‘reset” in the market

There was a time when buying a home was first and foremost for the purpose of shelter. The word “investment” was not common among those who wrote a check, stuffed it into an envelope, placed a stamp on it, and dropped it in the...

05/06/2022

Did your offer get ‘ghosted?’

For every house there is a seller, but these days for every listing there can be dozens of buyers. And some of those buyers, after submitting earnest offers, often wonder if theirs is even going...