Good morning and welcome to the weekend once again! We get back into scheduled housing news next week, while finishing up a slow week today. We did manage to dig up a couple of interesting tidbits, however. First up, we haven’t covered the hospitality industry in a while. Occupancy rates (45.4%) for the most recent week Jan. 2-8 were -14.9% compared to the comparable week in 2019. The revenue available per room was $54.47, which was -19% for the same period. In good news today, home prices surged in the first week of the year ending Jan. 9 to another all-time high of $365,000.
In the bond market today, 10yr T-Notes are -14/32 to yield 1.75%. In MBS FNMA 30yr 2.50% are -6/32 to $100-03, which is a 2.47% yield and +79 to the 7.6yr treasury curve. Have a great long weekend and call or email with your MBS or loan inquiries.
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Jim Tait is a registered representative with and offers securities through Hanover Securities, Inc. (Hanover), Member FINRA & SIPC. Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Securities that may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results.
This information from Hanover Securities is for your private use and does not constitute an offer or solicitation with respect to the sale of any security. This information was obtained from sources we believe to be reliable but we do not represent that it is accurate or complete, and it should not be relied on as such. Certain transactions may give rise to substantial risk and are not suitable for all investors. This information was based on current market indicators which may vary over time. We may from time to time buy or sell, or have long or short positions in securities identical or related to those identified herein.
Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Loans and/or Securities which may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results. This information from Banes Capital Group (BCG) and/or Hanover Securities is for your private use, and was obtained from sources we believe to be reliable. However, we do not represent that this information is accurate or complete, and it should not be relied on as such. This information is for institutional investors only, and as such certain transactions may give rise to substantial risk and are not suitable for all investors. This information was based on current market indicators which may vary over time. We may from time to time buy or sell, or have long or short positions in loans or securities identical or related to those identified herein.
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