MBS MORNING: Rates Rallying Early in the Week

re: MBS MORNING: Rates Rallying Early in the Week

Matt Christman — Mon, 15 Jun 2009 18:26:01 GMT

All I know is what I read on the original press release. ( http://isakson.senate.gov/press/2009/061009housing.htm ) I wrote my senators and asked that they support the bill, or at least modify it to remove the 75k / 150k income cap that hurts sooo many firt time home buyers living in expensive areas of the country.

re: MBS MORNING: Rates Rallying Early in the Week

Bryan Hamilton — Mon, 15 Jun 2009 17:59:28 GMT

Not related to the Tsy or MBS so much; but anyone know anything about the Senate's recharged effort at the 15K Home Buyer Tax credit?

re: MBS MORNING: Rates Rallying Early in the Week

Nate Miller — Mon, 15 Jun 2009 17:49:41 GMT

10yr is flirting w/ the 3.6's...come on down baby!

re: MBS MORNING: Rates Rallying Early in the Week

Garth Cook — Mon, 15 Jun 2009 17:08:32 GMT

Remeber - those on the sidelines have been looking for a place to get in - Will that stop the slide in S&P. Maybe for a moment. A lot of news out this week. Which way will we go???

re: MBS MORNING: Rates Rallying Early in the Week

Matthew Graham — Mon, 15 Jun 2009 16:51:02 GMT

Sometimes I feel bearish too in the sense that I like to find a nice cave, sleep for a couple months, wake up, take a swim and have some fresh salmon for lunch... no but seriously... The optimism for MBS (which comes after the rocky picture in Friday's last post) generally corresponds to pessimism in the broader markets.

re: MBS MORNING: Rates Rallying Early in the Week

Adam Quinones — Mon, 15 Jun 2009 16:29:03 GMT

I am bearish on the general perception of an economic "recovery". In regards to mortgage rates and the yield curve, in the short term I am feeling more positive about some flattening, but its hard to forget the high yields traders demanded at last week's 10 yr note auction.....which is why we remain defensive. What a great demonstration of supply/demand fundamentals at work in the bond market. Good to have you back Garth!

re: MBS MORNING: Rates Rallying Early in the Week

Lisa Ali — Mon, 15 Jun 2009 16:15:38 GMT

MBS go high, RATEs go down!!! pray pray pray~~!! you were not much of a bearish on Thursday, whats up with that? what you expect the rate gonna be?

re: MBS MORNING: Rates Rallying Early in the Week

Garth Cook — Mon, 15 Jun 2009 16:15:32 GMT

Adam, I have been a tad busy and finally coming for a breath. Could we see another flight to safety??? 950 on S&P has been a hard cap. I think if we go below 900 S&P we may get close to 3.5% on 10 year. TO SHOW HOW FAR HOW FAST _ april 7 S&P at 815/ 10 year at 2.91% - May 29 S&P 893 / 10 year 3.46%

re: MBS MORNING: Rates Rallying Early in the Week

Nate Miller — Mon, 15 Jun 2009 16:04:35 GMT

I feel happy, oh so happy...

re: MBS MORNING: Rates Rallying Early in the Week

Adam Quinones — Mon, 15 Jun 2009 16:03:50 GMT

and yes...I am bearish on the economy in general if you didnt notice.

re: MBS MORNING: Rates Rallying Early in the Week

Roger West — Mon, 15 Jun 2009 15:57:18 GMT

This could be a great week MBS and rates. I am eagerly waiting for new rate sheets. Roger