Mortgage Market Report

Market Outlook
Wednesday, September 09, 2009 7:15 AM
Price Trend: Neutral
Price Volatility: High
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Current Conditions:
FNMA 4.5 100-19 (+0)
GNMA 4.5 100-24 (-1)
10yr Yield 3.507
Today’s Economic Data (PST)
Fed’s Beige Book 11:00
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Commentary:
It’s another slow day on the economic data front. Mortgage prices have seen very little action this morning
and mostly unchanged from yesterday.
Later this morning the Fed will release their Beige Book which gives a general economic update from the
various Fed regions around the country.
Also this morning the Treasury will be auctioning 10yr notes. Yesterday’s 3 yr offering was very well
received and gave MBS markets a little boost.