January 24, 2019

NDM News

Our Premier Conventional program is still the premier purchase program out there!  With super aggressive rates and our top notch service levels, Nations Direct is hands down the best lender for conventional purchase loans. Not an approved broker partner? Click here to sign up and start getting aggressive purchase rates now!

Market News

Treasury prices moved higher overnight after receiving a boost from weaker than expected PMI data from Europe and a dovish pledge by the ECB to keep rates at current levels through the summer. Today’s US economic calendar is limited to the Weekly Jobless Claims and Leading Indicators.   New Claims unexpectedly dipped to 199k (218k est), which was the lowest level almost half a century. This was despite a rise in claims created by furloughed works.  Currently, the 10yr yield is at 2.719% (2.775% Wednesday) and the 2-10 spread is 15 bps, 2 bps flatter since yesterday morning.

 

Josh Pappert – VP, Capital Markets
Nations Direct Mortgage