Real Estate Mortgage Market Report

Market Outlook
Thursday, September 10, 2009 7:10 AM
Price Trend: Positive
Price Volatility: High
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Current Conditions:
FNMA 4.5 100-30 (+8)
GNMA 4.5 101-03 (+7)
10yr Yield 3.423
Today’s Economic Data (PST)
Jobless Claims 5:30
Trade Balance 5:30
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Commentary:
Mortgages are off to a good start this morning and are really carrying through on some momentum built on
the heels of yesterday’s Beige Book release. Data released this morning did nothing to change that
direction. Later today the last leg of the Treasury’s auctions will go off with a 30yr offering ($12B).
Yesterday’s 10yr auction went quite well as did Tuesday’s 3yr offering so most expect today’s auction to go
off without any problems.