January 2021 - MBS Commentary

Place your ad here

Latest Video

Too Strong to Give Up Hope. Too Weak to Rest Easy; Construction Spending Doubles Expectations

Published: 3/1/2021

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: Does Inauguration Day Matter For The Bond Market?

Comments (0)

Read More

by Matthew Graham on January 20 2021, 9:50 AM

Does inauguration day matter for the bond market? Not as such, no. To be sure, the changing of the guard in D.C. is indeed a big deal for the bond market, but only because the senate flipped to democratic control as well. The inauguration is just ceremony...
MBS RECAP: Uneventful Start This Week; Next Move Remains Debatable

Comments (0)

Read More

by Matthew Graham on January 19 2021, 3:51 PM

Uneventful Start This Week; Next Move Remains Debatable Bonds began the day in weaker territory but rallied back to nearly unchanged levels after several comments from inbound Treasury Secretary Janet Yellen. Of particular note were Yellen's comments...
MBS Week Ahead: After Last Week's Defensive Stand, What's Next For Bonds?

Comments (0)

Read More

by Matthew Graham on January 19 2021, 9:39 AM

Last week's bond trading served the role of establishing a ceiling for yields after their biggest spike in nearly a year (and the case could be made that the rate spike in March was an artificial and temporary byproduct of covid-related market dislocations...
MBS RECAP: Big Victory This Week (In Response To Last Week's Big Loss)

Comments (0)

Read More

by Matthew Graham on January 15 2021, 4:42 PM

Big Victory This Week (In Response To Last Week's Big Loss) Relative to the spectrum of possibilities, ending the week with 10yr Treasury yields under 1.1% is a big victory. Of course that wouldn't have been the case before last week, but everything's...
MBS Day Ahead: Bonds Not Threatened By Stimulus; Consolidation Continues

Comments (0)

Read More

by Matthew Graham on January 15 2021, 9:27 AM

After the GA senate elections, the bond market immediately knew it needed to prepare for additional stimulus, even if moderate democratic voices might serve to limit the size and scope. We hazarded a guess that this was worth 10yr yields rising 25bps...
MBS RECAP: Bonds Playing it Extra Safe Ahead of Biden's Stimulus Details

Comments (0)

Read More

by Matthew Graham on January 14 2021, 4:03 PM

Bonds Playing it Extra Safe Ahead of Biden's Stimulus Details As we discussed yesterday, the strong mid-week rally suggested a good amount of short covering was behind the move. This merely means traders who bet on rising rates were finally cashing...
MBS Day Ahead: Waiting On Stimulus Details, Shrugging Off Early Reports of $2 Trillion

Comments (0)

Read More

by Matthew Graham on January 14 2021, 9:48 AM

A few hours after markets closed yesterday, news began coming out regarding a Biden aide mentioning tonight's stimulus proposal would be in the $2 trillion neighborhood. That's quite a bit more than the $1.3 trillion that had been making the rounds...
MBS RECAP: Important Victory For Bonds, and Another Battle Ahead

Comments (0)

Read More

by Matthew Graham on January 13 2021, 4:25 PM

Important Victory For Bonds, and Another Battle Ahead Rates rallied today. Despite a positive reaction to a strong 30yr bond auction, it looks like traders made their minds up to be buyers well before that. The rally greatly improves the odds that 10yr...
MBS Day Ahead: An Important Day For Bonds' Attempt to Establish a Ceiling

Comments (0)

Read More

by Matthew Graham on January 13 2021, 9:28 AM

With yesterday offering the first legitimate push back against the recent sell-off, today becomes one of three critically important days in establishing a ceiling for bond yields (or a floor for MBS prices). With Biden announcing stimulus details tomorrow...
MBS RECAP: Much-Anticipated Correction Finally Arrives. Now What?

Comments (0)

Read More

by Matthew Graham on January 12 2021, 4:16 PM

Much-Anticipated Correction Finally Arrives. Now What? This morning's alert noted a scary scenario playing out in bonds due to a confluence of big picture negative motivations (power shift in D.C., ruminations about Fed tapering, brighter covid/econ...
MBS Day Ahead: Scary Scenario Playing Out in Bonds

Comments (0)

Read More

by Matthew Graham on January 12 2021, 10:04 AM

This morning's alert notes that the bond market is in the midst of one of its scarier scenarios. The ingredients are as follows: a long run in a record low rate range with uncommonly strong help (both from the Fed and from the market movers in play...
MBS RECAP: Things Are Getting Ugly For Bonds

Comments (0)

Read More

by Matthew Graham on January 11 2021, 4:51 PM

Selling Spree Continues; MBS Underperforming Earlier in the day, Treasuries looked to be selling off at a slower pace versus the past few trading sessions. After sharp spikes in yields, this is the kind of pattern we tend to see before bonds find some...
MBS Day Ahead: New Week, New Chance To Find The Next Ceiling

Comments (0)

Read More

by Matthew Graham on January 11 2021, 9:33 AM

0.96% was a well-established ceiling for 10yr yields in November and December. Despite numerous intraday breaks, yields only managed to close higher on Dec 4th (.969%). Every time yields moved up into the .96% zone, buyers pushed back like clockwork ...
MBS RECAP: Bonds Determined To Sell Despite Weaker NFP

Comments (0)

Read More

by Matthew Graham on January 08 2021, 3:44 PM

Bonds Determined To Sell Despite Weaker NFP The bond market considered rallying in response to this morning's weak jobs data--at least at first. But it didn't take long for the bears to take over, ultimately pushing 10yr yields up and over 1.10...
MBS Day Ahead: Much Weaker Jobs Report Provides a Friendly Reminder For Bonds

Comments (1)

Read More

by Matthew Graham on January 08 2021, 9:40 AM

While it's essentially a given the bigger stimulus is on the way with democrats controlling the senate (thus implying more Treasury issuance and a quick adjustment to higher yields as a result), it's worth remembering that the underlying phenomenon...

< Previous 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

MBS Commentary

MBS RECAP: Too Strong to Give Up Hope. Too Weak to...

Too Strong to Give Up Hope. Too Weak to Rest Easy - New week, new month, new chance for yields to confirm a ceiling after last week's rout - Mixed...
MBS Commentary

MBS Day Ahead: Battle For The Bounce (And Fibonacci...

After Friday's impressive (and much-needed) bounce toward lower yields, the new week/month took on even greater importance than normal as a venue for...
Pipeline Press

Ops, MLO Jobs; Sales, Non-QM, HELOC Products; Agency...

With the jump up in mortgage rates Thursday, and the move back down Friday, a few lock desk personnel wrote to me over the weekend asking about ways of...
MBS Commentary

MBS RECAP: Nice Bounce! Now What?

Nice Bounce! Now What? - An early bounce turned into an even bigger, friendlier bounce at the end of the day - Biggest reason for the gains is the losses...
Mortgage Rate Watch

Brutal Week For Rates But There's Hope (Hopefully...

Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We've certainly been discussing...
MND NewsWire

Forbearances Post Typical Mid-Month Increase

Black Knight reports a second increase in the number of loans in pandemic related forbearance plans in as many weeks. Forborne loans rose by 21,000 during...
Pipeline Press

Lenders Hiring MLOs; Correspondent, Tech, Servicing...

Huh? Rates don’t continually go down and then stay there for an indefinite period of time? No, they don’t. There’s this opinion piece...
MND NewsWire

Freddie Mac's 12-Month Portfolio Growth Nears Half...

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1 percent in January compared to a 22.4 percent...
MND NewsWire

Fannie/Freddie COVID Programs Extended to Match FHA...

Deadlines for COVID-19 related relief for borrowers with Fannie Mae and Freddie Mac (GSE) mortgages were extended by the Federal Housing Finance Agency...
Mortgage Rate Watch

Mortgage Rates Are Now Well Over 3 Percent

Mortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey. Freddie's data is accurate when it comes to capturing...
MBS Commentary

MBS RECAP: Video Time Corresponds With Market Drama...

Just When You Thought It Wouldn't Get Much Worse Staggeringly weak day for bonds. 2.0 MBS coupon is now irrelevant. 2.5 is only game in town Lots of...
MBS Commentary

MBS Day Ahead: Just When You Thought It Wouldn't...

It got much worse. Bond yields were up more than 8bps by the open with the 10yr just a hair under 1.47%. It might be hard for traders to avoid ringing...
MND NewsWire

Pending Home Sales Post 5th Straight Loss

January marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline in its Pending Home Sales Index (PHSI...
Pipeline Press

Ops, MLO Jobs; Cap. Mkts., Valuation, Default, Fulfillment...

As hope for a recovery drawing nearer helps push rates higher, Carol K. writes, “I hate it when people ask me what I do for fun because there is...
Mortgage Rate Watch

Highest Mortgage Rates Since June 2020

As of today, you'd have to go back to June 2020 to see higher mortgage rates. This is courtesy of an ongoing move in the bond market that has longer-term...
MBS Commentary

MBS RECAP: Is It Another Trap and Which Coupon Do I...

Is It Another Trap and Which Coupon Do I Watch Now? Yesterday's bond market resilience offered hope for a bounce, but those hopes were crushed by new...
MND NewsWire

New Home Sales on the Rise 4.3% in January

New home sales continued the turnaround, started in December, that ended three straight months of slowing sales. The U.S. Census Bureau and Department...
MND NewsWire

Delinquency Rate Lowest in COVID Era; but Lingering...

Loan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic levels. Black Knight...
MBS Commentary

MBS Day Ahead: It Was a Trap... Don't Expect Stocks...

Yesterday saw yields hold at just slightly lower highs on an intraday basis, thus offering a glimmer of hope for a bond bounce. We discussed the risk that...
Pipeline Press

MLO Jobs; Servicing, Customer Service, Decisioning...

There’s a cost to staying at home as much as we do. I went to the doctor the other day. She told me, “I’ve got good news and bad news...

Mortgage Rates:

30 Yr FRM 3.22%
|
15 Yr FRM 2.58%
|
Jumbo 30 Year Fixed 3.40%

MBS Prices:

30YR FNMA 4.5 108-24 (-0-01)
|
30YR FNMA 5.0 110-20 (0-01)
|
30YR FNMA 5.5 111-13 (-0-07)

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

191,727

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 - 2021 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.