Bond prices have backed up sharply over the last week. The price of the 10-year Treasury note has lost almost 3 points since last Monday (10/3), pushing its yield from a low of 1.76% to around 2.17% on Tuesday (10/11) morning. The driving factors are a modest recovery in stock prices (the DJIA has risen...
Rates are bouncing around near record lows set last October and consumers are looking to seize the opportunity. There's always a rush by consumers and loan agents to lock rates on dips, and that practice is all the more prevalent when extreme daily rate swings raise the sense of urgency. But before you...
MBSonMND : MBS MID-DAY : More Record Highs! Open MBSonMND Dashboard FNMA 3.5 101-23 : +0-25 FNMA 4.0 104-15 : +0-25 FNMA 4.5 106-09 : +0-31 FNMA 5.0 108-03 : +0-20 GNMA 3.5 103-00 : +0-16 GNMA 4.0 106-03 : +0-26 GNMA 4.5 108-10 : +0-13 GNMA 5.0 110-04 : +0-08 FHLMC 3.5 101-19 : +0-16 FHLMC 4.0 104-14...
Last week the intense rally in bond markets helped mortgage rates reach their best levels of the year, but the rally came to an end on Friday. Then on Friday evening, news the S&P downgraded the US Sovereign Debt Rating set a chain of events in motion that completely rocked the markets. Despite steep...
Although the give and take wasn't quite as drastic as yesterday's, once again we saw prices travel in a confined range with an almost symmetrical pattern. Once again we had economic data that could be interpreted either way and a stock market that did not make a decided move in one direction...
Posted to
MBS Commentary
by
Matthew Graham
on
Thu, Aug 6 2009
Filed under:
Filed under: daily rates, interest rates, lock, market commentary, mbs, Stock Lever, Waiting for Guidance, wait and see, MBS Status Quo, NFP, Exhaustion