Mortgage Applications Decline in Latest MBA Weekly Survey: Market Composite Index decreased -3.7%, Refinance Index decreased -0.1% and Purchase Index decreased -6%.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 4.65% from 4.69%.  The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) decreased to 4.48% from 4.50%.  The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 4.61% from 4.70%  The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.04% from 4.11%.  The average contract interest rate for 5/1 ARMs decreased to 3.97% from 4.04%.

Non- Farm Payrolls: Employers Added 304,000 Jobs in January,

More Than Expected. The unemployment rate rose to 4.0% and average hourly wages for private-sector workers grew 3.2% from a year earlier, continuing their steady rise.  December numbers were revised, slashing nonfarm payroll gains to 222,000 from 271,000, while the overall unemployment rate ticked up to 4% from 3.9%.  Construction employment rose by 52,000 in January.  average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $27.56, following a 10-cent gain in December.  The average workweek for all employees on private nonfarm payrolls was unchanged at  34.5 hours in January.

Initial Jobless Claims -19k to 234k in Latest Weekly Survey.

The 4-week moving average was 224,750, an increase of 4,500 from the previous week’s unrevised average of 220,250.  
What We Do
Three reasons to choose us for all your Ideal hedging

Services

Maximize your Execution The mortgage pipeline is a very dynamic component of a mortgage banking business. Each day, new locked applications are coming in, loans are closing, locked applications are being denied or withdrawn and terms of existing locks are

Philosophy

At Vice Capital Markets, our hedging philosophy and process is both conservative and analytical.  Using your own historical data, we determine the expected fallout levels for each type of mortgage product in your pipeline.  Using this information along with the

Benefits

  Primary Benefits of Hedging Greatly improved execution over best efforts. In typical market environments, a 25 to 55 basis point improvement in execution is realized. In high-volume environments, double the typical improvement is not unusual. Improved flexibility and execution
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About Us
At Vice Capital Markets our goal is to help you

Since 2001, Vice Capital Markets has successfully managed the interest rate risk and maximized the profitability on over $400 billion of mortgage-backed securities trades and mortgage-related transactions.

Our expertise and familiarity with many types of executions and end investors has yielded superior results for our clients.

Through long rallies, swift declines, and multiple interest rate shocks our fallout models and risk management strategies have steadily and successfully weathered market fluctuations of all degrees.

Meet the Team
Some of our Company Officers

Troy D. Baars

President

Shawn D. Ansley

Managing Director

Kimberly M. Campbell

Vice President

Christopher M. Bennett

Principal
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