Jobless Claims Decreased by 17,000 to 216,000 in the week ended Jan. 5, as claims filed by federal employees jump

at the start of a partial government shutdown. Federal employees file under a separate program, which is reported with a one-week lag. For the week ended Dec. 29, the first week of the partial shutdown, 4,760 federal employees filed for first-time benefits. That was up from 929 the prior week, About 380,000 federal employees have been placed on unpaid leave, or furlough, due to the shutdown and roughly 420,000 employees, deemed essential, are working without pay.  The four-week moving average of those claims, a steadier measure, rose last week by 2,500 to 221,750.  

Nonfarm payrolls surged by 312,000 in December, stronger than the expected payroll growth of just 176,000. The unemployment rate rose to 3.9%

as more workers joined the labor force.   Wages jumped 3.2% from a year ago and 0.4% over the previous month, with the year-over-year increase is tied with October for the best since April 2009.

Mortgage Applications Rebound in MBA Weekly Survey: Market Composite Index increased +23.5% for the week ending Jan 4, 2019. The Refinance Index increased +35%, and the Purchase Index increased +17%.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) decreased to its lowest level since February 2018, 4.52%, from 4.72%. The average contract interest rate for 30-year fixed-rate mortgages backed by FHA decreased to its lowest level since April 2018, 4.70%, from 4.86%. The average contract interest rate for 15-year fixed-rate mortgages decreased to its lowest level since April 2018, 4.16%, from 4.25%. The average contract interest rate for 5/1 adjustable-rate mortgages decreased to its lowest level since August 2018, 4.05%, from 4.16%. The ARM share of activity increased to 8.4% of total applications.
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 Each day, new locked applications are coming in, loans are closing, locked applications are being denied or withdrawn and terms of existing locks are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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