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Mortgage News Daily combines the expertise of some of the housing industry's leading minds with the power of social media to offer an always lively, constantly evolving web community. MND communicates breaking news, streams video, and provides expert opinion and commentary to a community of interested market professionals and curious consumers.July 27, 2010 |
Latest Commentary
Stocks rallied after S&P/Case-Shiller data, but sold off after Consumer Confidence flashed. This created a bit more volatility in the bond market. Both benchmark Treasuries and mortgage-backed securities traded in a wide range. While Treasury yields ended up closing higher on the day, MBS managed to keep it together, closing the session basically... Read More
Dealers Prop 2-Year Auction Demand. Assessing Lender Reprice Potential - MBS Commentary
The only reason I'm not saying this auction was terrible is because yields were so low prior to the issue that it likely kept some accounts on the sidelines. This is illustrated via the high bid-to-cover ratio and low "hit rate" seen from direct bidders. Indirect buyers were definitely interested, but only at cheaper costs/higher yields... Read More
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