Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
2,000,000
# of Visitors Per Month
 

Send Article via Email

REGISTERED USERS (Free!):
Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 5 and 5 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
 
This email was sent to you by:
Harry Chriest |
Mortgage News Daily

Message:   YOUR MESSAGE HERE
Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
Econ Data Helps, But Resisting Breaks Into The Green
Posted to: Micro News
Tuesday, January 22, 2013 10:57 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

The weaker-than-expected Existing Home Sales data provided domestic bond markets with their best boost of the morning. True to recent form, equities participated in the move as well with S&P futures falling on the news. MBS rose several ticks, but remain mostly thwarted by Friday's closing levels at 104-04.

The post-data rally for bond markets looks like it's encountered its most meaningful push back just after 10:30am when equities markets managed to put in their most convincing bounce. The stock lever has been well-connected during earnings season and in the absence of more substantial bond-market-specific guidance. But true to form, bond markets aren't following the same magnitude ebbs and flows of stocks.

MBS are 2 ticks off their highs at 104-03 and 10yr yields have risen merely from 1.8488 to 1.8523. Meanwhile S&P's have risen 3 points from their lows. Morning ranges continue to be narrow, but we've been in slightly better shape thanks to data.




More from MND:

 

If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.24%
  • |
  • 15 Yr FRM 3.39%
  • |
  • Jumbo 30 Year Fixed 4.09%
MBS Prices:
  • 30YR FNMA 4.5 107-16 (0-03)
  • |
  • 30YR FNMA 5.0 109-32 (0-02)
  • |
  • 30YR FNMA 5.5 111-06 (0-00)
Recent Housing Data:
  • Mortgage Apps -7.23%
  • |
  • Refinance Index -10.65%
  • |
  • FHFA Home Price Index 0.67%