Non-Farm payrolls increased by 250,000 in October, above forecasts of 188,000. The unemployment rate held steady at 3.7%.

Average-hourly earnings rose 3.1% from a year earlier, the best pay raises in nearly a decade. Average hourly earnings for all private-sector workers increased 5 cents last month to $27.30. October marked the first time since the recession ended more than nine years ago that the closely watched pay gauge rose better than 3% from a year earlier.

Initial Jobless Claims increased by 2,000

to a seasonally adjusted 216,000 in the week ended Nov. 10. Claims for the previous week were un-revised at 214,000. The four-week moving average of claims, a steadier measure, rose last week by 1,500 to 215,250. Continuing claims increased by 46,000 to 1,676,000 in the week ended Nov. 3.  

Applications Slammed Again in MBA Weekly Survey: The Market Composite Index -3.2%, Refinance Index decreased -4.3% and the Purchase Index decreased -2.3%

MBA reported the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to 5.17% from 5.15%, the highest level since 2010.  The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $453,100) increased to 4.98% from 4.97%.  The average contract interest rate for 30-year fixed-rate mortgages backed by FHA decreased to 5.08% from 5.15%.  The average contract interest rate for 15-year fixed-rate mortgages increased to 4.57% from 4.55%.  The average contract interest rate for 5/1 adjustable-rate mortgages increased to 4.45% from 4.36%.  The ARM share of activity decreased to 7.7% 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 Each day, new locked applications are coming in, loans are closing, locked applications are being denied or withdrawn and terms of existing locks are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 $150 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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