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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 13th, 2016

    Today's market Commentary

    Mortgage bonds remained near unchanged on the day amid the mixed data. Conventional pricing was slightly worse since pricing Thursday while Government pricing was a little better but all within a narrow range. Stock futures were slightly weaker ahead of the the 9:30 am et open. The DOW was down 26 points at pricing while the NASDAQ was up 11 points.

    Producer prices rose 0.2% versus the expected 0.3% increase. The core, which excludes volatile food and energy, rose 0.1% as expected.

    Retail sales rose 1.3% which was stronger than the 0.8% increase. This was good for lower rates.

    Consumer sentiment was 95.8 versus the expected 90 reading.

    Next brings a slew of data with the NAHB housing index starting the releases Monday. CPI, industrial production, capacity use, and housing starts data will be released Tuesday.

    Event Calendar:
    Monday, May 16, 2016
    NAHB Housing Index @ 10am et

    Tuesday, May 17, 2016
    Consumer Price Index @ 8:30 am et

    Tuesday, May 17, 2016
    Housing Starts @ 8:30 am et

    Tuesday, May 17, 2016
    Industrial Production @ 9:15 am et

    Tuesday, May 17, 2016
    Capacity Utilization @ 9:15 am et

    Wednesday, May 18, 2016
    Fed Minutes @ 2pm et

    Thursday, May 19, 2016
    Weekly Jobless Claims @ 8:30 am et

    Thursday, May 19, 2016
    Philadelphia Fed Survey @ 10 am et

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