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  • Thursday 9/11 ... Remember

    by Matthew Graham on September 11 2008, 9:55 AM
    Take a moment today to remember the people whose lives were lost and whose lives where forever changed in the 9/11 attacks in 2001.... Today we had the release of several economic reports. First of all, the weekly jobless claims came in at 445,000 where...
  • Tuesday 9/2 - Welcome Back

    by Matthew Graham on September 02 2008, 12:52 PM
    We hope you and your family had a wonderful Labor Day weekend, but now back to reality. After an exciting morning, rates are relatively unchanged from last week. Typically on days when the stock market is in full charge ahead, Mortgage Backed Securities...
  • Monday 10/20 ... Light Week for Economic Data

    by Matthew Graham on October 20 2008, 8:24 AM
    After last weeks full slate of economic data, this week brings us very little market movers. With a light week of data, mortgage backed securities will be driven by stock action and head lines. Last week we had a strong finish with mortgage back securities...
  • Mid Day Update

    by Matthew Graham on June 11 2008, 4:25 PM
    It looks like there may be a reprice for the worse very soon from some lenders (no way to tell if yours is one of them). So it is no longer recommended to float through the end of the day.
  • Tuesday 10/14 ... Back to headline news

    by Matthew Graham on October 14 2008, 11:33 AM
    Today brings the release of no economic data so mortgage backed securities will have nothing to react to except the stock market and headlines. After yesterdays huge rally in our and the world's stock markets, today the Dow is currently down 16 points...
  • Friday 10/3 ... Jobs numbers are in and ...

    by Matthew Graham on October 03 2008, 10:14 AM
    Today we got the release of the monthly jobs numbers for September and they were disappointing to say the least. Nonfarms payroll, which was expected to come in at a loss of 100,000 actually came in at a loss of 159,000 jobs. The unemployment rate held...
  • Monday 9/22 ... Bump in the Road...

    by Matthew Graham on September 22 2008, 10:54 AM
    This week brings us the release of very few economic reports which have the ability to move the markets. Seems like the week will be driven by the headlines, mainly the government's plan to bring stability to the financial markets. As you might know...
  • Monday 9/15 ... It's all Lehman

    by Matthew Graham on September 15 2008, 10:09 AM
    Well, the Lehman saga is coming to a conclusion. They have filed for chapter 11 bankruptcy and in a flight to quality(where investors pull money out of equities and into the safe haven of fixed income), mortgage backed securities are back where they were...
  • Tuesday 9/16 ... Inflation is moderating..

    by Matthew Graham on September 16 2008, 9:41 AM
    This morning brought us the release of the consumer price index, which measures inflation at the consumer level. The numbers show that inflation is moderating as the fed has continually said this year. The overall CPI number came in at a -.1% drop versus...
  • October 17 ... MBS Open flat..

    by Matthew Graham on October 17 2008, 10:44 AM
    Today our 6.0 mortgage backed securities opened flat but have since risen. We could very well be on track for much improved rates over the next few weeks to months. Today brought us the release of 2 economic reports. First the housing starts came in worse...
  • Tuesday 11/11 … Veteran's Day

    by Matthew Graham on November 11 2008, 8:49 AM
    We wish to pass on our most sincere thanks to all veterans of our great military, if not for you we would not have the freedoms we enjoy today. Today the bond markets are closed in honor of Veteran's Day and no economic reports will be released. Yesterday...
  • Friday 9/26 ... Uncertainty is still here...

    by Matthew Graham on September 26 2008, 10:10 AM
    Well, investors still seem unsure of whether the government rescue plan will be passed. MBS' opened strong this morning but has given back some of the gains. We are still in a narrow trading range and will likely stay there until the government plan...
  • Tuesday 9/9/ ... The Day After

    by Matthew Graham on September 09 2008, 10:19 AM
    It appears that things are settling down in the MBS market today, after an unprecedented day yesterday where rates improved by close to .50%. There are no big economic reports to be released today other then pending new home sales which is generally not...
  • Tuesday 10/7 ...After a strong day yesterday

    by Matthew Graham on October 07 2008, 10:13 AM
    Today our 5.5 mortgage backed securities opened a little below yesterdays close. We had a stong day yesterday for mbs and today we appear to be in a holding pattern. Today brings us the release of the minutes from the last fed meeting. These minutes gives...
  • Friday 10/24 ... Sell off

    by Matthew Graham on October 24 2008, 11:01 AM
    We are seeing mass selling of everything, so it appears panic is back in the air and cash is king. Asia markets closed down around 10%, Europe down around 7% and our markets currently down 400 points(about 5%). Usually on days like these you see a flight...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.15%
  • |
  • 15 Yr FRM 3.48%
  • |
  • Jumbo 30 Year Fixed 4.30%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps 3.27%
  • |
  • Refinance Index 5.05%
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  • Purchase Index 1.43%