May 2019 - MBS Commentary

Place your ad here

Latest Video

Single Family Construction Improves, Multi-Family Not So Much; Brexit Brings Volatility Risk to Rates

Published: 10/17/2019

VIEW | SUBSCRIBE | ARCHIVE

Comments

Latest Questions

Channel Options ↓ More

MBS Commentary Headlines

RSS

EMAIL ALERTS

News » MBS Commentary

Home » News Headlines » MBS Commentary Home

Thomson Reuters MBS Aggregations
Gain access to a powerful search engine and most accurate and timely mortgage industry originator and servicer rankings. Explore More »

MBS Basics: Part 1 | Part 2 | Part 3 | Part 4 | The Gut Flop

Sort by: Most Recent | Most Viewed | Most Commented

MBS Day Ahead: Aggressively Friendly Range Breakout

Comments (1)

Read More

by Matthew Graham on May 31 2019, 8:34 AM

In the day just past, bonds traded an "outside day" (high and low yields of the day fell OUTSIDE the highs and lows from the previous day). This signals both indecision and volatility. In other words, bonds weren't sure which way to go,...
MBS RECAP: Big Snowball Rally For Bonds

Comments (0)

Read More

by Matthew Graham on May 31 2019, 4:56 PM

After at least 2 days of (or more) of relatively disconnected markets (i.e. trading levels weren't reliably following any single market mover), today is starkly different. There's one single elephant in Friday's room, or perhaps it's a...
MBS Day Ahead: Fed Announcement vs TED Announcement

Comments (0)

Read More

by Matthew Graham on May 01 2019, 9:04 AM

Although the 10am ISM Manufacturing Report can definitely have an impact on bonds today, The 2pm FED Announcement and 2:30pm press conference is the biggest to-do. There's effectively no chance that the Fed will make any change to its target interest...
Differences Between Previous and Current FOMC Statements

Comments (0)

Read More

by Matthew Graham on May 01 2019, 2:02 PM

Information received since the Federal Open Market Committee met in January March indicates that the labor market remains strong but and that growth of economic activity has rose slowed at from a its solid rate in the fourth quarter . Payroll Job employment...
MBS RECAP: Fed's Offsetting Penalties Leave Bonds Little-Changed

Comments (0)

Read More

by Matthew Graham on May 01 2019, 5:02 PM

The overnight session was very quiet for bonds with most major markets closed for various holidays. The first meaningful movement followed the ISM Manufacturing report's major miss (52.8 vs 55.0). This was the lowest since October 2016 and several...
MBS Day Ahead: There's Something About 2.50%

Comments (0)

Read More

by Matthew Graham on May 02 2019, 10:31 AM

2.50% has been more than just a reasonably round number marking the midpoint between 2.0% and 3.0% as far as 10yr Treasury yields are concerned. Actually, I take that back. That's exactly what it is, and that's exactly why it's been important...
MBS RECAP: Bonds Hit Top of Recent Range Ahead of Jobs Report

Comments (0)

Read More

by Matthew Graham on May 02 2019, 5:38 PM

Treasuries weakened today as traders continued to price out a friendly Fed. This wasn't necessarily destined to be the case after yesterday's Fed Announcement. That, in and of itself, wasn't too threatening to bonds. In fact, bot stocks and...
MBS Day Ahead: NFP and ISM Round Out Big Week of Data

Comments (0)

Read More

by Matthew Graham on May 03 2019, 8:22 AM

In the day just past, bonds sold off due to what appears to be market dissatisfaction with a hawkish message from the Fed. This largely came courtesy of Powell's press conference on Wednesday, but cues may also have been gleaned by the fact that one...
MBS RECAP: Bonds Scratch Out Modest Gains as Traders Book Profits

Comments (0)

Read More

by Matthew Graham on May 03 2019, 5:28 PM

Bond traders can book profits on bond purchases by selling, or on bond sales by buying. Today was characterized by the latter. Logically, traders bet on higher rates on Wednesday afternoon and again on Thursday morning as Powell delivered a far less friendly...
MBS Week Ahead: Sparse Data, Treasury Auctions, and Trade Tensions

Comments (0)

Read More

by Matthew Graham on May 06 2019, 8:59 AM

The week begins with bonds trading in much stronger territory thanks to a surprise US/China trade announcement from Trump over the weekend. This changes the tone for bonds heading into the week. Whereas it looked like yields may have been running into...
MBS RECAP: Token Rally on Trade Fears

Comments (0)

Read More

by Matthew Graham on May 06 2019, 5:13 PM

Today represented a classic example of the old market adage "buy the rumor, sell the news." It also offered two different takes on that strategy from the stock and bond markets. Ultimately, there was a twist by the end of the day. First off...
MBS Day Ahead: Calendar Still Sparse as Trade Remains in Focus

Comments (0)

Read More

by Matthew Graham on May 07 2019, 8:53 AM

In the day just past, a weekend Trump tweet announcing increased tariffs on China sent bond yields and stock prices much lower. Both bounced back throughout the the day, but stocks bounced much more than bonds. Right at the close, more trade-related headlines...
MBS RECAP: Another Day With Trade War in Focus

Comments (0)

Read More

by Matthew Graham on May 07 2019, 6:15 PM

For the second straight day, US/China trade relation uncertainty dominated financial markets. Volume was up across the board with Treasury yields and stock prices (S&P futures, intraday) dropping to the lowest levels in more than a month . Stocks...
MBS Day Ahead: Trade Wars, 10yr Auction, and Sticky MBS Prices

Comments (0)

Read More

by Matthew Graham on May 08 2019, 9:07 AM

In the day just passed, bonds continued to rally as more details about recent trade war drama unfolded. Actually, those details unfolded late Monday and were simply traded yesterday morning. Notably absent from the rally was the MBS market (for the most...
MBS RECAP: One-Two Punch From Trade War Bounce and Treasury Auction

Comments (0)

Read More

by Matthew Graham on May 08 2019, 5:24 PM

First thing in the morning, it looked like we had a chance to see another trade-war-driven bond rally. A Reuters story that detailed the US/China communication breakdown hit the market around 4:30am, causing both stocks and bond yields to move quickly...

1 2 3 Next >

Discuss the MBS and Mortgage Markets on Our Streaming Dashboard

Discuss MBS and Mortgage Markets with Hundreds of Loan Officers on the MBS Live Streaming Dashboard.

»Start a Two Week Risk Free Trial

More From MND

MND NewsWire

Nearly Half of October Originations Were Refinances

The 30-year note rate on closed mortgages fell to 3.93 percent in September, down from 4.07 percent in August, and along with the decline, the ninth in...
MBS Commentary

MBS RECAP: Why Didn't Bonds Seem to Care About...

There was a bit of a giveaway in this morning's commentary, titled " Brexit Headlines vs Retail Sales ." Indeed, it's "Brexit headlines"...
Mortgage Rate Watch

Mortgage Rates Little-Changed Near Recent Highs

Mortgage rates improved modestly today, depending on the lender. Some lenders moved rates higher yesterday due to deterioration in the bond market. Others...
MND NewsWire

Builder Confidence at Best Levels Since 2018

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which has held in the mid-to-upper 60 range since May, finally...
MND NewsWire

Harvard Study Looks at Where, How Aging Baby Boomers...

While a lot of attention is now focused on Millennials, the country is still aging. A new report from the Harvard Joint Center for Housing Studies looks...
MBS Commentary

MBS Day Ahead: Brexit Headlines vs Retail Sales

Yesterday saw bonds undo a decent amount of overnight progress to end at the highest yields in nearly a month. 10yr Treasuries broke above the 1.75% level...
Pipeline Press

Broker, LOS, Warehouse Products; Nationwide Events...

Sen. Patrick Moynihan once said, “Everyone is entitled to their own opinions, but not their own facts.” In a question guaranteed to generate...
MND NewsWire

Purchases Decline, Refis Still Strong as Rates Show...

Mortgage application volume eked out a slight gain during the week ended October 11 as interest rates became mixed . Purchasing weakened while the volume...
MBS Commentary

MBS RECAP: Bonds Built Up Only to Be Let Down

There were two key parts to today's market movement. The first was the general push back against Friday's bond market weakness courtesy of less...
Mortgage Rate Watch

Mortgage Rates Turn Higher After a Strong Start

Mortgage rates ended higher for the 4th straight business day on Tuesday, but that wasn't necessarily destined to be the case this morning. After last...
MBS Commentary

MBS Day Ahead: Moving Averages Suck (And Other Thoughts...

Last week brought a bit of a bumpy ride for bond markets with trade-related news accounting for most of the drama. Things were more uneventful on the first...
Pipeline Press

Marketing, POS, Appraisal Products; Non-QM Company...

Scholars disagree on how much sleep we need, what time is the best time to wake up, and what time to go to work. But then again, scholars disagree on everything...
MND NewsWire

Characteristics of First Time Buyers Differ by Age

The typical first-time homebuyer may not be who you think he or she is. A new report from Zillow says that rather than the young shopper eager to become...
MND NewsWire

Inventory Issues Highlight Downside of Lower Rates

While declining interest rates are generally viewed as good news for consumers, they aren't without their negatives. Realtor.com's September housing trend...
MBS Commentary

MBS RECAP: Traders Trading Trade (Deal)

With the exception of the wee hours yesterday morning, the past 2 days have been all about the trade deal. Markets knew Trump and the Chinese vice premier...
Mortgage Rate Watch

Big Jump in Mortgage Rates This Week

Mortgage rates moved higher from Wednesday through the end of the week. Thursday and Friday were especially abrupt as financial markets hurried to get...
MBS Commentary

MBS Day Ahead: Another Correction is Underway. How...

Yesterday brought an abrupt confirmation of a bounce in bonds. For 10yr Treasury yields, the scene of the bounce was 1.51% earlier in the week. Multiple...
MND NewsWire

Vacation Homes Paved the Way to Greater Household Wealth

While home prices have surged back from their housing crisis lows, a report from the National Association of Realtors® (NAR) says homes purchased as...
Pipeline Press

Corresp. Jobs; Marketing, Pricing, DPA, 2nd Lien Products;...

Fun with HMDA! Compliance folks everywhere know that yesterday the CFPB (“educate through education rather than enforcement”) issued a final...
MBS Commentary

MBS RECAP: Expected Amount of Volatility But Not For...

Heading into this week, we looked to today as the biggest potential source of volatility owing to the release of the Consumer Price Index (CPI) and the...

Mortgage Rates:

30 Yr FRM 3.79%
|
15 Yr FRM 3.35%
|
Jumbo 30 Year Fixed 3.81%

MBS Prices:

30YR FNMA 4.5 105-04 (-0-02)
|
30YR FNMA 5.0 106-31 (-0-03)
|
30YR FNMA 5.5 107-29 (-0-01)

Recent Housing Data:

Mortgage Apps 0%
|
Refinance Index 0%
|
Purchase Index 0%

FREE MEMBERSHIP

MBS LIVE!

MORE INFO

NEWS

MARKET DATA

MARKETPLACE

PRESS CENTER

COMMUNITY

STAY CONNECTED

Our Story

Founded in 2004, Mortgage News Daily has established itself as a leader in housing news, analysis and data. Our innovative social media platform combines industry leading content and data with an active community of industry professionals, to accomplish our primary goal - keeping our readers informed.

Total Members

173,737

Subscribe to Our Newsletter

Follow On Your Mobile Device

Subscribe To RSS

Follow On Twitter

Follow On Facebook

Home - About - Contact - Sitemap - Disclaimer - Privacy Statement - Advertising - RSS

All Content Copyright © 2003 - 2019 Brown House Media, Inc. All Rights Reserved.
Reproduction in whole or in part in any form without the express written permission of MortgageNewsDaily.com is prohibited.