MBS Live
|
Automated Mortgage and Real Estate Newsletters
|
Advertise
|
Contact
Register
or
Sign in
Email This Page
Link To This Page
Visit MND at
MBA in NYC!
160,545
# of Subscribers
Premium Services
MBS Live!
Learn More
Start a 2 Week Free Trial
Marketing Services
Directory Listing
Local Ads
Enhanced / Search Optimized Profiles
Client Testimonials
Cobranding Services
NO COMPETITOR ADS!!
Cobranded Website
Cobranded Email
Cobranded Social Marketing
Cobranded Print
Cobranded Widgets
View All Premium Services
Home Page
Open Home Page
FRONT PAGE
- HOME PAGE
- NEWS STREAM
- VIDEO NEWS
CHANNELS / TOPICS
- MND NewsWire
- Mortgage Rate Watch
- MBS Commentary
- Pipeline Press
Secondary Markets
Voice of Housing
- Community Commentary
SUBSCRIBE
- Daily Newsletter
- Daily Rate Report
- News Alerts
- Manage Email Subscriptions
- RSS Feeds
More
- About Us
- Authors / Contributors
- Submit an Article / Tip
- News Widgets
NEWS
VIDEO NEWS
- Video Home
- Video RSS Feed
VIDEO
MND Live!
MND Live! - Real-time Streaming Community Activity
Comments
- Reader's Comments
Q&A
- Q&A Home
COMMUNITY
MBS Markets
MBS Prices
Treasury / LIBOR
Residential Mortgage Debt
Mortgage Interest Rates
Current Mortgage Rates
FHFA / Freddie Mac / MBA
Compare Lender Rates
Bank Ratings
Mortgage Calculators
Mortgage Rate FAQs
Primary Market Volume
Mortgage Applications
Total Outstanding Mortgages
Net Change Outstanding Mortgages
New Houses Financing Type
Mortgage Originations
Housing Production
Building Permits
Housing Starts
Under Construction
Housing Completions
Construction Spending
NAHB Builder Confidence
Home Sales
New Home Sales
Existing Home Sales
Pending Home Sales
Home Prices
FHFA Home Prices
S&P Case Shiller
New Home Prices
Existing Home Prices
Homeownership
Vacancy Rate
Homeownership Rate
Housing Inventory
MARKET DATA
Current Rates
- Current Mortgage Rates
- 30 Year Fixed Rate Mortgage
- Daily Rate Movements
- Historic Mortgage Rates
- FHFA / Freddie Mac / MBA
- About Our Daily Rate Survey
Compare Rates
- See Rates From Top Lenders
Tools
- Mortgage Calculators
- Mortgage Rate FAQs
- Compare Lender Rates
Follow Rates Daily
- Daily Rate Update Email
- Twitter
- RSS
MORTGAGE RATES
Subscribe (free)
- SUBSCRIBE HERE
Daily Newsletter
- Most Recent
- Archive
Daily Rate Update
- Most Recent
- Archive
Weekly Newsletter
- Most Recent
- Archive
Weekly Rate Update
- Most Recent
- Archive
NEWSLETTERS
Place your ad here
Connect With MND
Subscribe
Email Alerts
Receive an Email Alert each time a story is posted to
MBS Commentary
.
-
Subscribe to Email Alerts
RSS
-
Posts
|
Comments
-
View All RSS Feeds
Newsletters
-
Subscribe to Newsletter
-
Subscribe to Mortgage Rates Update
Latest Headlines
From MBS Commentary
MBS Day Ahead: Don't Let 3.0% Make You Dumber
MBS RECAP: Bonds Show Up, Break Stuff, And Then Just Walk Away
MBS Week Ahead: 10yr at 3%: The Most Overrated--Possibly Even...
MBS RECAP: Bonds Surge to Weakest Levels since 2014
MBS Day Ahead: If Rates Keep Moving Higher, It Could Still Be...
View All
Other Top Headlines
TPO and Secondary Products; Lender Data Breach; New LIBOR Substitute...
NOW Mortgage Rates Are at 4-Year Highs
Freddie Mac Forecast: Lots of "Ifs" and "Buts"
Existing Home Sales Beat Headwinds, Score Small Gains
Events and Webinars; GDP Primer; Rates at 2014 Levels
View More
Latest Video
Consumer confidence at...
New home sales up 4%...
Trading Nation: The rate...
View More
Existing Home Sales Beat Headwinds; Now Rates are at 4-Year Highs: Freddie Mac Forecast
Published: 4/23/2018
VIEW
|
SUBSCRIBE
|
ARCHIVE
Comments
"
TO GET LOAN @ 2% INTEREST RATE with victoriafinancier@outlook...
"
"
I have been an Underwriting Manager, Operations Manager and Training...
"
"
Costs to originate mortgage loans are overwhelming many lenders...
"
"
These results from polling in March showing such an increase...
"
"
Pauline, You might look into possibly utilizing a DPA program...
"
"
I would love to buy a house or townhouse here in Los Angeles...
"
"
I can't say I find month-to-month changes in average LTV's...
"
"
"a huge dose of fairness" . Self servings comments...
"
Latest Questions
Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj
News Headlines
»
MBS Commentary Home
Fed Minutes Today at 2pm EST
Follow the markets live as the Fed Minutes are released at 2pm EST today.
Take a
4 Week Free Trial
of MBS Live
(today only)
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
It's Fed Day. Are you ready?
If you've been following the MBS Commentary, you know what
a big deal this afternoon could be
. Markets have been
preparing for it for weeks
and MBS Live members have been on top of those movements every step of the way.
This afternoon, when markets are convulsing mere milliseconds after the Fed Announcement, MBS Live members will know what's going on before anyone else. The accuracy and speed of our real-time price stream and alerts is unmatched.
Here's a purchase code to take the
free trial for 4 weeks with no credit card required
.
Share:
Email
Link Here
Facebook
Twitter
LinkedIn
Google Plus
Widgets
MBS RECAP: 2/15/2012
Feb 15 2012, 4:15PM
MBS Live
: MBS RECAP
Open MBS Live Dashboard
FNMA 3.5
103-25 : +0-01
FNMA 4.0
105-17 : +0-01
FNMA 4.5
106-25 : +0-02
FNMA 5.0
108-04 : +0-01
GNMA 3.5
105-13 : -0-02
GNMA 4.0
108-03 : -0-02
GNMA 4.5
109-14 : -0-01
GNMA 5.0
111-04 : +0-00
FHLMC 3.5
103-16 : +0-00
FHLMC 4.0
105-03 : +0-00
FHLMC 4.5
106-10 : +0-02
FHLMC 5.0
107-25 : +0-01
Pricing as of 3:58 PM EST
Afternoon Market Updates
A recap of MBS Market Updates provided by MND Analysts and streamed live to the
MBS Live Dashboard
.
2:53PM
:
ALERT:
Still On The Edge of Negative Reprice Risk After Conference Call
Although no significant progress was made on the call and no significant plans were announced, MBS and Treasuries aren't bouncing back quite as forcefully as we'd like to see in order to rule out potential reprices for the worse. A lot depends on the lender in question, but at 103-26 currently, down from highs today of 104-02, it does feel like a slight risk that things haven't turned around from the post-conference-call negativity. Most probably won't reprice, but some might unless things turn around right away.
2:42PM
:
ALERT:
MBS Whip Lower Following Eurogroup Conference Call
The Eurogroup conference call ended moments ago with president Jean-Claude Junker saying that substantial progress has been made and that he is confident decisions will be made at a Eurogroup meeting on Monday.
MBS have reacted by quickly moving into a defensive stance that belies the movements in broader markets. Case in point, Fannie 3.5's moved down from 104-01 to 103-25 initially, whereas 10yr yields didn't move much higher than 1.93. Early in the day, the same level in Treasuries coincided with MBS prices closer to 103-29. As MBS correct their pace a bit, we see exactly those prices prevailing.
Things should be lined up a little better from here on out, but details regarding the call are in short supply. If Fannie 3.5's hold 103-29, or close to it, risks of reprices for the worse are limited, but we couldn't rule out a lender or two being spooked by the sudden sell-off. At the very least, it seems that the most meaningful information on the current status of the Greek bailout won't be available until Monday, and thus feel the present moderation in the bond market's reaction is understandable. Keep an eye on 103-29 in the short term and 103-23 as a more concerning support level in Fannie 3.5's, as would be a break above 1.94 in 10yr yields.
2:14PM
:
FOMC Minutes: Equivocal, As-Expected, QE3 Doors Remain Open
A few of the key paragraphs:
"A few members observed that, in their judgment, current and prospective economic conditions--including elevated unemployment and inflation at or below the Committee's objective--could warrant the initiation of additional securities purchases before long. Other members indicated that such policy action could become necessary if the economy lost momentum or if inflation seemed likely to remain below its mandate-consistent rate of 2 percent over the medium run. In contrast, one member judged that maintaining the current degree of policy accommodation beyond the near term would likely be inappropriate; that member anticipated that a preemptive tightening of monetary policy would be necessary before the end of 2014 to keep inflation close to 2 percent. "
"Participants also provided qualitative information on their views regarding the appropriate path of the Federal Reserve’s balance sheet. A few participants’ assessments of appropriate monetary policy incorporated additional purchases of longer-term securities in 2012, and a number of participants indicated that they remained open to a consideration of additional asset purchases if the economic outlook deteriorated. All but one of the participants continued to expect that the Committee would carry out the normalization of the balance sheet according to the principles approved at the June 2011 FOMC meeting. That is, prior to the first increase in the federal funds rate, the Committee would likely cease reinvesting some or all payments on the securities holdings in the System Open Market Account (SOMA), and it would likely begin sales of agency securities from the SOMA sometime after the first rate increase, aiming to eliminate the SOMA’s holdings of agency securities over a period of three to five years. Indeed, most participants saw sales of agency securities starting no earlier than 2015."
12:29PM
:
ALERT:
MBS Break Into New Highs. Positive Reprice Potential Increasing
Not much to say here... Bond markets are bullish on the distinct LACK of inspiring developments in the Greek bailout saga. The hotly anticipated Eurogroup meeting became a conference call yesterday, and now becomes potentially non-existent today after some officials are proposing an outright delay and reworking of the plan until after Greece's elections in April.
Fannie 3.5's broke above the 103-29 pivot point for the time being and have bounced around 103-30 to 103-31 in the past few minutes. A few of the characteristically early-to-act lenders could already be considering the first reprice of the day, with that becoming more and more likely the longer the current breakout persists, or the higher prices go from here. Still a bit early for most lenders to get involved, but we're getting there.
We'd unwind a decent measure of this expectation if prices soon fell noticeably below 101-29.
Featured Market Discussion
A recap of the featured comments from the Live Discussion on the
MBS Live Dashboard
.
Michael Tadros
:
"
REPRICE
: 2:57 PM - Suntrust
Better
"
Victor Burek
:
"
REPRICE
: 2:45 PM - Nexbank
Better
"
Ira Selwin
:
"
REPRICE
: 2:09 PM - Wells Fargo
Better
"
Jeff Anderson
:
"
REPRICE
: 2:04 PM - Chase
Better
"
Matthew Graham
:
"full minutes for those with time to read: http://www.federalreserve.gov/monetarypolicy/fomcminutes20120125.htm"
Matthew Graham
:
"RTRS- A MAJORITY OF FOMC PARTICIPANTS SAW RISKS TO THEIR GDP FORECASTS AS WEIGHTED TO DOWNSIDE, UPSIDE RISK TO JOBLESS RATE PROJECTIONS "
Matthew Graham
:
"RTRS- MOST FOMC PARTICIPANTS SAW FED SALES OF MORTGAGE AGENCY SECURITIES STARTING NO EARLIER THAN 2015 "
Matthew Graham
:
"RTRS- A FEW FED OFFICIALS IN JANUARY FELT MORE ASSET PURCHASES WOULD BE WARRANTED THIS YEAR, A NUMBER OF OTHERS FELT PURCHASES COULD BE NEEDED IF U.S. OUTLOOK DETERIORATED-FOMC MINUTES "
Scott Valins
:
"
REPRICE
: 1:39 PM - Fifth Third Mortgage
Better
"
Ira Selwin
:
"
REPRICE
: 12:42 PM - Franklin American
Better
"
About the Author
Matthew Graham
Chief Operating Officer,
Mortgage News Daily / MBS Live
A former originator, Matthew began writing for Mortgage News Daily in 2007, covering a wide range of topics. Seeing a need in the marketplace, his focus increasingly shifted toward relating MBS and broader financial markets for loan originators. ...
more
Other Contributors
MBS Live! Community
Share:
Email
Link Here
Facebook
Twitter
LinkedIn
Digg
Google Plus
More
↓ More
More
↓ More
StumbleUpon
del.icio.us
MySpace
Yahoo! Buzz
Subscribe
↓ More
Subscribe
↓ More
Email
Email Alerts
Daily Newsletter
View All Email Options
RSS
All Headlines
This Channel Only
Video
Around The Web
View All RSS Feeds
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
Follow Comments:
This Post
|
All Comments
|
Learn More
Comments
Join Now
or
Login
to Post Comments
Report Reason:
<<
>>
More From MND
Mortgage Rate Watch
NOW Mortgage Rates Are at 4-Year Highs
Mortgage rates moved markedly higher today, officially leaving them at new 4-year highs. The only other time they've earned that distinction this year...
MND NewsWire
Freddie Mac Forecast: Lots of "Ifs" and "Buts"
Freddie Mac's economists say, "The broader economic environment remains favorable for home sales," but they add a lot of caveats to that statement . Sales...
MND NewsWire
Existing Home Sales Beat Headwinds, Score Small Gains
Existing-home sales seemed to have reclaimed their footing, posting their second consecutive gain after two straight months of declines. The National Association...
MBS Commentary
MBS Week Ahead: 10yr at 3%: The Most Overrated--Possibly...
I'm going to be surly this week about the way the bond market is covered in the financial media. Many of the articles to which I take exception will...
Pipeline Press
Events and Webinars; GDP Primer; Rates at 2014 Levels
“A billion here, a billion there, pretty soon, you’re talking real money,” was never actually uttered by Illinois politician Everett...
MBS Commentary
MBS RECAP: Bonds Surge to Weakest Levels since 2014
10yr yields hit the highest levels in more than 4 years this afternoon as bigger-picture selling pressure looks to be taking the reigns back from the Springtime...
Mortgage Rate Watch
Mortgage Rates Quickly Approaching 4-Year Highs
Let's clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically...
MBS Commentary
MBS Day Ahead: If Rates Keep Moving Higher, It Could...
Rates are in the midst of a serious, threatening move higher. Yesterday brought additional confirmation of the end of the friendly Springtime consolidation...
MND NewsWire
Wells Fargo to Face Largest Fine Yet
Once again Wells Fargo is about to pay dearly for its inability to walk the straight and narrow. The Washington Post , under the byline of Renae Merle...
Pipeline Press
MBA's Compliance Accreditation; Freddie and Fannie...
Did you know that Wells Fargo gives more assistance and aid to people and communities through its Foundation than any other company in the United States...
MBS Commentary
MBS RECAP: Bonds Add Exclamation Point to Yesterday's...
The break outside what we'll call the "Springtime Consolidation" for bonds started taking shape as early as last week. On Thursday and Friday...
Mortgage Rate Watch
Mortgage Rates Jump to Highest Levels in About a Month
Mortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement...
MND NewsWire
Weather Cools Remodeling Perceptions
The Remodeling Market Index (RMI) is to home remodelers as the Housing Market Index (HMI) is to new home builders. Each is constructed by the National...
MBS Commentary
MBS Day Ahead: What Stock Lever? Bonds Tanking Without...
We've been increasingly wary about a potential break of the recent consolidation/rally trend --the one that saw yields move sideways to slightly stronger...
MND NewsWire
Rates on Closed Loans at 4 Year High
The share of refinancing loans dropped to 38 percent of loans closed in March, down from 43 percent in February. Ellie Mae's Origination Insight Report...
MND NewsWire
Home Price Increases Outpace Income Gains - Again
Fewer homes on the market are affordable than a year ago, and fewer households can afford them with their current income. The National Association of Realtors®...
Pipeline Press
New Lender Products; Freddie and Fannie Updates; Rates...
Rumors continue to swirl about practically every lender out there, and exaggeration is rampant. A company eliminates low producing LOs in Arizona and suddenly...
MBS Commentary
MBS RECAP: More Warning Shots From Bonds
Today was a more serious version of the same sort of warning shots seen at the end of last week. At that time, bond yields rose to challenge an intermediate...
Mortgage Rate Watch
Mortgage Rates Inch Higher as Bonds Suggest More Trouble...
Mortgage rates moved higher today as bond markets continued a mildly weaker trend for the month of April. Bonds (which underlie rates) are under pressure...
MND NewsWire
UI Says Underwriters Should Consider Rent History
Access to credit remains tight and the Urban Institute (UI) blames in part that lenders are not measuring the credit risk of borrowers appropriately. Laurie...
View More at the Market Data Center
Mortgage Rates:
30 Yr FRM 4.61%
|
15 Yr FRM 3.99%
|
Jumbo 30 Year Fixed 4.65%
MBS Prices:
30YR FNMA 4.5 103-26
(-0-02)
|
30YR FNMA 5.0 105-30
(-0-03)
|
30YR FNMA 5.5 107-30
(-0-04)
Recent Housing Data:
Mortgage Apps
-1.15%
|
Refinance Index
-2.64%
|
Purchase Index
5.06%
FREE MEMBERSHIP
Membership Advantages
Register for Free
Sign In
Forgot Password
MBS LIVE!
Learn About MBS Live!
2 Week Free Trial
Sign In
MORE INFO
Contact Us
Advertising
Become a Contributor
About MND
NEWS
Front Page
News Stream
Micro News
Video News
Around the Web
MARKET DATA
Current Mortgage Rates
MBS Prices
MBS Live!
Housing Data
MARKETPLACE
Local Mortgage Professionals
Local Real Estate Professionals
+Add Your Free Listing
Vendor Marketplace
Browse Companies
+Add Your Company
PRESS CENTER
Recent Press Releases
Subscribe:
Email
RSS
Submit a Press Release
Submit a News Tip
Submit a Link to News
Contact Our Press Team
COMMUNITY
User Comments
Q&A
STAY CONNECTED
Daily Newsletter
Email Alerts
Mobile Version
RSS Feeds
Widgets
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
160,545
Home
-
About
-
Contact
-
Sitemap
-
Disclaimer
-
Privacy Statement
-
Advertising
-
RSS
All Content Copyright © 2003 - 2018 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.