Mortgage Applications Jump in MBA Weekly Survey: The Market Composite Index increased by +26.8%, the Refinance Index increased by +47%, and the Purchase Index increased by +10%.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) decreased to 4.04% from 4.09%. The average contract interest rate for 30-year fixed-rate mortgages backed by FHA decreased to 4.09% from 4.24%. The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.53% from 3.65%. The average contract interest rate for 5/1 adjustable-rate mortgages decreased to 3.43% from 3.62%. The ARM share of activity increased to 7.9% of total applications.

Nonfarm Payrolls +75k, Unemployment Rate 3.6% in May.

Employers tapped the brakes on hiring in May, signaling companies are taking a more cautious approach at a time of slowing global growth and trade tensions and adding to other signs of slowing U.S. economic growth this spring.  The economy added 75,000 jobs in May, marking the 104th straight month of gains, but pulling back from two months of stronger hiring, the Labor Department said Friday. The jobless rate held steady at 3.6%, a near-50-year low.

Initial Jobless Claims +3k to 222k in Latest Weekly Survey.

The 4-week moving average was 217,750, an increase of 2,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 215,000 to 215,250.
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 Each day, new locked applications are coming in, loans are closing, locked applications are being denied or withdrawn and terms of existing locks are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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