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  • Friday 3/6...New Housing Plan Update

    by Victor Burek on March 06 2009, 1:34 PM
    Adam Quinones, one of the mbs commentary bloggers, has wrote a fantastic blog regarding the new Housing Affordability and Stabilization Plan introduced this week. I encourage all mortgage professionals to check it out. CLICK ME . This blog has the actual...
  • Friday 3/6…Unemployment Rises

    by Victor Burek on March 06 2009, 9:33 AM
    Yesterday, mortgage backed securities had a pretty decent rally following treasuries to lower yields. We improved yesterday by about .50 in discount which should put lenders par 30 year fixed rate conventional mortgages anywhere from 4.75% to 5% depending...
  • Thursday 3/5...MBS Move Higher

    by Victor Burek on March 05 2009, 2:16 PM
    Thought i would give a quick update, mbs have continued to move higher in price which has resulted in most lenders repricing for the better. It appears the huge sell off in the stock market is creating a flight to safety where investors sell stocks and...
  • Thursday 3/5…Investors Moving Down in Coupon

    by Victor Burek on March 05 2009, 9:41 AM
    We are having a very nice start to the day. Mortgage backed securities are benefiting from a flight to safety, the stock market opened down over a 100 points and treasuries are in rally mode which is helping mbs move higher in price which reduces mortgage...
  • Wednesday 3/3… Pretty Disappointed

    by Victor Burek on March 04 2009, 11:21 AM
    Here are the much anticapted guidelines released by the Obama administration. U.S. DEPARTMENT OF THE TREASURY Washington March 4, 2009 Making Home Affordable Summary of Guidelines Making Home Affordable will offer assistance to as many as 7 to 9 million...
  • Wednesday 3/4…Will We Get Details Today?

    by Victor Burek on March 04 2009, 9:09 AM
    Yesterday, mortgage backed securities after being down quite a bit in the morning, managed to move higher and close up on the day by a few ticks. Most lenders repriced for the better by about .25 in discount. So far this morning, mbs have been pressured...
  • 3/3...End of Day Update

    by Victor Burek on March 03 2009, 4:34 PM
    Just wanted to give a quick end of day update. Mortgage backed securities managed to regain all the losses from this morning and actually closed up a couple ticks. Most lenders did reprice for the better today. Tomorrow, we are supposed to get details...
  • Tuesday 3/3…Pending Home Sales Due Out

    by Victor Burek on March 03 2009, 9:08 AM
    Yesterday, mortgage backed securities managed to have a small rally and close higher by about .375 in discount. When I say we closed higher by .375 in discount I mean that if a rate was costing .375 in points that rate would cost nothing today. The main...
  • Monday 3/2…The Week Ahead

    by Victor Burek on March 02 2009, 8:41 AM
    The week ahead is full of economic reports which have historically moved the markets. We are also supposed to get the details of President Obama’s Homeowner Affordability and Stability Plan which is going to outline some of the guidelines for how...
  • Friday 2/27… End of Week Recap

    by Victor Burek on February 27 2009, 9:24 PM
    Today turned out to be another rather boring trading day for mortgage backed securities. We opened to the plus side but throughout the day we gave back all the gains and closed down just a couple ticks. There was a big turn around in treasuries which...
  • Friday 2/27… End of Week Recap

    by Victor Burek on February 27 2009, 6:41 PM
    Today turned out to be another rather boring trading day for mortgage backed securities. We opened to the plus side but throughout the day we gave back all the gains and closed down just a couple ticks. There was a big turn around in treasuries which...
  • Friday 2/27…It’s Friday and Positive Open

    by Victor Burek on February 27 2009, 11:14 AM
    Yesterday mortgage backed securities basically moved sideways and to sum up the day in one word, boring. Even though Treasuries sold off, mbs managed to basically stay unchanged the entire day. So far this morning, mbs are higher which should lead lenders...
  • Thursday 2/26…Mortgage Rates Moving Higher

    by Victor Burek on February 26 2009, 9:13 AM
    Yesterday was a bad day. Mortgage backed securities lost ground and followed treasuries to higher yields. We should see lenders rate sheets worse today by about .375 to .50 in discount. So far this morning we are continuing the trend and are down slightly...
  • Wednesday 2/25…Post Obama Speech

    by Victor Burek on February 25 2009, 9:17 AM
    Yesterday, mortgage backed securities gave back their gains of the prior day and closed down a few ticks which caused some lenders to reprice for the worse. So far this morning we are up on the day being helped out by a sell off in the Dow. The main cause...
  • Tuesday 2/24…Light Day of Data

    by Victor Burek on February 24 2009, 9:35 AM
    Yesterday mortgage backed securities managed to close up a few points leading to a few lenders repricing for the better. So far this morning, mbs are basically even with close yesterday and early reports show lenders rates the same today as yesterday...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.68%
  • |
  • 15 Yr FRM 4.13%
  • |
  • Jumbo 30 Year Fixed 4.72%
MBS Prices:
  • 30YR FNMA 4.5 103-28 (-0-03)
  • |
  • 30YR FNMA 5.0 105-22 (-0-01)
  • |
  • 30YR FNMA 5.5 107-00 (-0-08)
Recent Housing Data:
  • Mortgage Apps -2.60%
  • |
  • Refinance Index -3.69%
  • |
  • Purchase Index -1.98%