Monday 8/18 ... At A Glance

By: Matthew Graham •
  • 6.0's unchanged at 100-07
  • Low(ish) volume on Friday followed by limited day today and this week.
  • Only news Item for today is Home Builder Index released later today.  never usually a big mover.
  • Spreads holding up better than last week (chalk it up to absence of headline risk)
  • Stocks fairly flat... So far, quiet day on all fronts.
  • Technical charts looking mostly bullish, BUT
  • Today may not be a bad day to lock, if you have been floating for the last few weeks and are no getting closer to your "crunch time."
  • Other than loans closing this week, we'd still float (and might even float this week depending on how today goes.
  • LOCK/FLOAT
    • FLOAT INTRADAY.  Be on the lookout for mid-day volatility which is always a possibility when we have no scheduled data