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Do you expect the home buyer tax credit extension to contribute to a noticeable pick up in loan production?

Created By: Adam Quinones
  • Yes, I anticipate an increase in activity (26.5%)
  • Only a modest upturn in production (45.7%)
  • Nope. 2009 demand stole from 2010 demand (27.8%)

Federal Reserve MBS Purchase Program

MBS AFTERNOON: Reprices for Better Reported

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Heading into the 5pm  'LENDERS ARE  REPRICING' marking period....the FN 4.0 is +0-14 at 98-20 yielding 4.143% and the FN 4.5 is trading +0-13 at 101-06 yielding  4.356%. The secondary market current coupon is 4.271%. Current coupon yield spreads are wider on the day.

Here is the FN 4.5 two day chart:

Funny thought for the weekend...

On Sunday the New York Giants will play the Philadelphia Eagles at 1pm and the  New York Yankees will play the Philadelphia Phillies at 8pm......these two events will occur within four blocks of each other. See...

 

This should be good. That middle parking lot might look like a Civil War battlefield when all is said and done.

 

Data provided by Thomson Reuters
Secondary Marketing Managers and Capital Markets Desks, if you are interested in subscribing to the same fixed income and mortgage market data we use:CLICK HERE.

Comments

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on
Do you feel the uptrend will continue out of the range and floating is the appropriate thing to do, or are you taking a locking bias as we seem to keep hitting the 25 day moving average and stalling at that level?
on
do we expect a facemelting stock rally on Monday morning from hungover traders still rollin from their weekend high??
on
President Obama is due to speak in Camden (across the river) and Newark. The Jersey Turnpike is going to be a mess Sunday. Go Phils
on
I just received notice that effective Nov. 1 some servicing premiums will be reduced, most notably on FHA 30 year fixed rate loans. Some reduction on conventional as well. Any one receive the same notice.
on
sorry for asking a stupid question. I've been trying to figure out for the past two weeks, what is the range? is it the two red lines in the above chart?
on
yup...that is A range or a trading range for the last two days, THE range is different...every range has a time frame along with it. short term...mid term...long term...etc...you need to look at the longer term charts
on
that's kind of more of an uptrend range though...technical analysis...
on
RJRIII, good stuff. I also like "trend channel" for those railroady tracky kinda slopey thingies