MBA Weekly Mortgage Applications Survey: The Market Composite Index increased +4.9%, Refinance Index increased +4%, Purchase Index increased +6%.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) remained unchanged at 4.66%.  The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $453,100) remained unchanged at 4.53%.  The average contract interest rate for 30-year fixed-rate mortgages backed by FHA increased to 4.70% from 4.66%.  The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at to 4.08%.  The average contract interest rate for 5/1 adjustable-rate mortgages increased to 3.94% from 3.93%.  The ARM share of activity increased to 6.6 percent of total applications.

Initial Jobless Claims -1k to 232k in Latest Weekly Survey.

The 4-week moving average was 231,250, an increase of 1,250 from the previous week’s unrevised average of 230K.

Nonfarm Payrolls +103k, Unemployment Rate 4.1% in Mar.

U.S. hiring slowed in March while the unemployment rate held at a 17-year low, hinting that a tight labor market is making it more difficult for some businesses to find workers. Payrolls rose 103k, a sharp slowdown from the prior month’s gain.  
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 Each day, new locked applications are coming in, loans are closing, locked applications are being denied or withdrawn and terms of existing locks are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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