Magazyn Kieszeń (532) 12.14.2024

Market Wrap-up

 

Our benchmark FNMA MBS 6.000 December Coupon is down -15 BPS at 2:20 PM ET.

Genco Olive Oil: November Import Prices were up 0.1% on a MOM basis versus estimates of -0.2%. YOY, it moved from 0.8% to 1.3%. Export Prices MOM were 0.0% versus estimates of 0.2%. YOY, it was up 0.8% versus -0.1%.

2024 can be marked with the Federal Reserve cutting rates, there is one more coming next week, after that rates won’t see as many Fed cuts next year, one key reason interest rates are increasing, another reason, as the Trump administration is coming rapidly there is worry his policies may add to inflation. Trump’s policy proposals — including mass deportations, a fresh round of tariffs and renewed tax cuts — will ultimately impact the economy according to those surveyed by Bloomberg. Fed Chair Jerome Powell and his colleagues are expected to deliver another quarter-point rate cut at their December 17-18 meeting, bringing the central bank’s key benchmark rate down to a range of 4.25% to 4.50%. That would mark a full percentage point of reductions since September. Bloomberg ran a survey of 50 economists a week ago, the survey revealed the Fed is running out of ammo in cutting rates. Data out earlier this week showed a key gauge of consumer prices that strips out food and energy costs rose 3.3% on a year-over-year basis, a point first reached last June, no progress since then.

Next week: Monday NY Empire statement manufacturing index, PMI and S&P global with preliminary manufacturing and services. Tuesday November retail sales, November industrial production and capacity utilization. Wednesday December NAHB housing market index, weekly MBA mortgage applications, FOMC policy decision and Powell’s press conference, November housing starts and permits. Thursday November existing home sale, weekly jobless claims, final Q3 GDP. Friday November personal income and spending November PCE inflation, University of Michigan final December consumer sentiment index.

This Week: The 10 year note yield increased 24 bps, the 2 year +15 bps. FNMA 6.0 30 year coupon price declined 73 bps. The DJIA -815, NASDAQ +67, S&P -39. Gold Increased $11.00, crude oil +$4.13, the dollar increased, the index increased 0.94, bitcoin lost 8,322.

 

PRICES @ 4:00 PM

10 year note: 4.40% +7 bp

5 year note: 4.25% +7 bp

2 year note: 4.25% +5 bp

30 year bond: 4.61% +7 bp

30 year FNMA 6.0: 100.79 -22 bp (-16 bp from 9:30 am)

30 year FNMA 6.5: 102.21 -13 bp (-8 bp from 9:30 am)

30 year GNMA 6.0: 100.93 -6 bp (-17 bp from 9:30 am)

Dollar/Yen: 153.69 +1.04 yen

Dollar/Euro: $1.0495 +$0.0029

Dollar Index: 106.99 +0.03

Gold: $2,668.40 -$41.00

Bitcoin: 101,725 +1766

Crude Oil: $71.22 +$1.20

DJIA: 43,828.06 -86.06

NASDAQ: 19,926.72 +23.88

S&P 500: 6051.09 -0.16

SOFR Data 12/13: 30-DAY AVERAGE(%): 4.59824, 90-DAY AVERAGE(%): 4.80062, 180-DAY AVERAGE(%): 5.11728, INDEX: 1.17219204

POLAND

Name	Value	Net Change	% Change	1 Month	1 Year	Time (EST)
WIG20:IND WIG 20	2,273.12	-3.57	-0.16%	+1.81%	-1.10%	11:15 AM
WIG:IND WSE WIG INDEX	81,632.73	-92.45	-0.11%	+1.58%	+6.09%	11:15 AM
WIG30:IND WIG30	2,895.85	-3.95	-0.14%	+2.21%	+1.57%	11:15 AM

WALUTY

Currency	Value			Change		Net Change		Time (EST)
EUR-USD	1.0501			0.0033		+0.32%		4:59 PM
USD-JPY	153.6500			1.0200		+0.67%		4:59 PM
GBP-USD	1.2619			-0.0054		-0.43%		4:59 PM
AUD-USD	0.6362			-0.0007		-0.11%		4:59 PM
USD-CAD	1.4234			0.0014		+0.10%		4:59 PM
USD-CHF	0.8927			0.0006		+0.07%		4:59 P
USD-MXN		20.1257	-0.0926		-0.46%		4:59 PM

 

 

USD-CZK	23.8218	-0.1167	-0.49%	4:59 PM
USD-SKK	28.6882	-0.0916	-0.32%	4:59 PM
USD-PLN	4.0604	-0.0231	-0.57%	4:59 PM
USD-HUF	389.1100	-1.9900	-0.51%	4:59 PM
USD-RUB	104.5786	-0.5000	-0.48%	4:58 PM

POŻYCZKI HIPOTECZNE

ELITE  21-30 YEAR				ELITE  16-20 YEAR
RATE	15 DAY	30 DAY	45 DAY	RATE	15 DAY	30 DAY	45 DAY
7.875	-3.973	-3.883	-3.753	7.750	-3.671	-3.581	-3.451
7.750	-3.578	-3.488	-3.358	7.625	-3.510	-3.420	-3.290
7.625	-3.464	-3.374	-3.244	7.500	-3.223	-3.133	-3.003
7.500	-3.202	-3.112	-2.982	7.375	-2.864	-2.774	-2.644
7.375	-2.844	-2.754	-2.624	7.250	-2.415	-2.325	-2.195
7.250	-2.405	-2.315	-2.185	7.125	-2.373	-2.283	-2.153
7.125	-2.410	-2.320	-2.190	6.999	-1.690	-1.600	-1.470
6.999	-2.127	-2.037	-1.907	6.875	-1.687	-1.597	-1.467
6.875	-1.706	-1.616	-1.486	6.750	-1.242	-1.152	-1.022
6.750	-1.194	-1.104	-0.974	6.625	-1.450	-1.360	-1.230
6.625	-1.220	-1.130	-1.000	6.500	-1.238	-1.148	-1.018
6.500	-0.869	-0.779	-0.649	6.375	-0.742	-0.652	-0.522
6.375	-0.376	-0.286	-0.156	6.250	-0.280	-0.190	-0.060
6.250	0.234	0.324	0.454	6.125	-0.138	-0.048	0.082
6.125	0.249	0.339	0.469	5.999	0.235	0.325	0.455
5.999	0.713	0.803	0.933	5.875	0.677	0.767	0.897
5.875	1.372	1.462	1.592	5.750	1.171	1.261	1.391
5.750	2.099	2.189	2.319	5.625	1.848	1.938	2.068
5.625	2.244	2.334	2.464	5.500	2.402	2.492	2.622

 

ELITE 11-15 YEAR				ELITE  8-10 YEAR
RATE	15 DAY	30 DAY	45 DAY	RATE	15 DAY	30 DAY	45 DAY
6.875	-3.042	-2.952	-2.822	6.625	-2.806	-2.716	-2.586
6.750	-2.622	-2.532	-2.402	6.500	-2.567	-2.477	-2.347
6.625	-2.755	-2.665	-2.535	6.375	-2.299	-2.209	-2.079
6.500	-2.504	-2.414	-2.284	6.250	-1.863	-1.773	-1.643
6.375	-2.224	-2.134	-2.004	6.125	-1.952	-1.862	-1.732
6.250	-1.788	-1.698	-1.568	6.000	-1.682	-1.592	-1.462
6.125	-1.846	-1.756	-1.626	5.875	-1.378	-1.288	-1.158
6.000	-1.559	-1.469	-1.339	5.750	-0.909	-0.819	-0.689
5.875	-1.241	-1.151	-1.021	5.625	-0.943	-0.853	-0.723
5.750	-0.772	-0.682	-0.552	5.500	-0.619	-0.529	-0.399
5.625	-0.650	-0.560	-0.430	5.375	-0.276	-0.186	-0.056
5.500	-0.309	-0.219	-0.089	5.250	0.216	0.306	0.436
5.375	0.049	0.139	0.269	5.125	0.522	0.612	0.742
5.250	0.541	0.631	0.761	5.000	0.878	0.968	1.098
5.125	0.960	1.050	1.180	4.875	1.251	1.341	1.471
5.000	1.342	1.432	1.562	4.750	1.771	1.861	1.991
4.875	1.732	1.822	1.952	4.625	1.689	1.779	1.909
4.750	2.252	2.342	2.472	4.500	2.115	2.205	2.335
4.625	2.321	2.411	2.541	4.375	2.527	2.617	2.747

 

 

Home price changes for Chicago-Naperville-Evanston, IL

Metro Area	Last quarter	2 qtrs ago	1 year ago	3 yrs ago	5 yrs ago	Custom Period	See Mortgage Rates
Chicago-Naperville-Evanston, IL	1.83%	4.92%	7.19%	27.35%	44.10%	Tracking Tool	Shop refinance rates for Chicago-Naperville-Evanston, IL

 

 

Mortgage Rates

30 Yr. Fixed Rate 6.95% +0.08%   Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.95% +0.08 0.00 15 Yr. Fixed 6.23% +0.09 0.00 30 Yr. FHA 6.32% +0.07 0.00 30 Yr. Jumbo 7.16% +0.06 0.00 7/6 SOFR ARM 6.83% +0.15 0.00 30 Yr. VA 6.33% +0.07 0.00 Updates Daily – Last Update: 12/13 15 Yr. Fixed Rate 6.23% +0.09%   Rate Change Points Freddie Mac 30 Yr. Fixed 6.60% -0.09 0.00 15 Yr. Fixed 5.84% -0.12 0.00 Updates Weekly – Last Update: 12/12   Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly – Last Update: 10/30

MBS / Treasuries

UMBS 30YR 5.5 99.26 -0.32   Price / Yield Change MBS UMBS 5.5 99.26 -0.32 UMBS 6.0 100.83 -0.22 GNMA 5.5 99.77 -0.28 GNMA 6.0 100.93 -0.09 Pricing as of: 12/13 5:31PM EST 10 Year US Treasury 4.3967 +0.0665   Price / Yield Change US Treasury 2 YR Treasury 4.244 +0.052 5 YR Treasury 4.249 +0.072 7 YR Treasury 4.324 +0.071 10 YR Treasury 4.397 +0.067 30 YR Treasury 4.606 +0.060 Pricing as of: 12/13 5:31PM EST