Automated Mortgage and Real Estate Newsletters
Email This Page
Link To This Page
Visit MND at
MBA in NYC!
# of Questions
Start a 2 Week Free Trial
Enhanced / Search Optimized Profiles
NO COMPETITOR ADS!!
Cobranded Social Marketing
View All Premium Services
Open Home Page
- HOME PAGE
- NEWS STREAM
- VIDEO NEWS
CHANNELS / TOPICS
- MND NewsWire
- Mortgage Rate Watch
- MBS Commentary
- Pipeline Press
Voice of Housing
- Community Commentary
- Daily Newsletter
- Daily Rate Report
- News Alerts
- Manage Email Subscriptions
- RSS Feeds
- About Us
- Authors / Contributors
- Submit an Article / Tip
- News Widgets
- Video Home
- Video RSS Feed
MND Live! - Real-time Streaming Community Activity
- Reader's Comments
- Q&A Home
Treasury / LIBOR
Residential Mortgage Debt
Mortgage Interest Rates
Current Mortgage Rates
FHFA / Freddie Mac / MBA
Compare Lender Rates
Mortgage Rate FAQs
Primary Market Volume
Total Outstanding Mortgages
Net Change Outstanding Mortgages
New Houses Financing Type
NAHB Builder Confidence
New Home Sales
Existing Home Sales
Pending Home Sales
FHFA Home Prices
S&P Case Shiller
New Home Prices
Existing Home Prices
- Current Mortgage Rates
- 30 Year Fixed Rate Mortgage
- Daily Rate Movements
- Historic Mortgage Rates
- FHFA / Freddie Mac / MBA
- About Our Daily Rate Survey
- See Rates From Top Lenders
- Mortgage Calculators
- Mortgage Rate FAQs
- Compare Lender Rates
Follow Rates Daily
- Daily Rate Update Email
- SUBSCRIBE HERE
- Most Recent
Daily Rate Update
- Most Recent
- Most Recent
Weekly Rate Update
- Most Recent
Place your ad here
Connect With MND
Receive an Email Alert each time a story is posted to
Subscribe to Email Alerts
View All RSS Feeds
Subscribe to Newsletter
Subscribe to Mortgage Rates Update
From MBS Commentary
MBS RECAP: Bonds Tank in PM Trading After Oracle Goes Big
MBS Day Ahead: Stock/Bond Divergence: Is Someone Lying?
MBS RECAP: Bonds Hold Very Much Inside Yesterday's Range
MBS Day Ahead: Identifying Normal Pull-Back vs an Actual Reversal...
MBS RECAP: Best Kind of Day for Bonds: Steady and Much Stronger
Other Top Headlines
Freddie's Mortgage Market Indicator Inches Toward Stability
Pending Sales Fall 3.7% in May on Contracting Inventories
New Products; Free Training; FHLBs Enlist in MPF for Ginnies
Refi Demand Won't Reflect Rate Drop Until Next Week
Cash-Outs Not Yet "Worrisome"
High flying home prices
Santelli: The UK elixir
May pending home sales...
Boomers' Big Impact on Housing; Pending Sales Ebb; Rates Hold 3-Year Lows, But...
You're right, MG, this is a big deal. Maybe not fall of 2008...
Now that qualified buyers are actually qualified buyers and fraud...
There are always bubbles but predicting them is no easy feat...
Nice posted AQ. Very informative!
Really, how many loan officers pull credit and run a scenario...
Yeah, or folks were trading on the block sales of Eurodollar...
Actually, the TNX spiked in overseas markets and on the opening...
Mortgage rates seem to be tracking about an 18-day moving average...
Have MLO license interpretations for prior felonies been challenged /re-defined less...
Do we qualify this year
How do I find the historical data for prices on Agency MBS?
Bottom Right Default
State Name underscore:
State Name dash:
State Name lower underscore:
State Name lower dash:
State Name lower:
State Abbreviation Lower:
MBS Commentary Home
Fed Minutes Today at 2pm EST
Follow the markets live as the Fed Minutes are released at 2pm EST today.
4 Week Free Trial
of MBS Live
SECONDARY MARKETING MANAGERS
Gain access to the most accurate real-time back month TBA indications from
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
MBS MID-DAY: 3/5/2012
Mar 5 2012, 11:24AM
: MBS MID-DAY
Open MBS Live Dashboard
103-16 : +0-01
105-12 : +0-01
106-20 : +0-00
107-31 : -0-01
105-03 : +0-01
107-28 : +0-02
109-01 : +0-01
110-13 : +0-04
103-08 : +0-00
105-02 : +0-02
106-09 : +0-01
107-20 : -0-01
Pricing as of 11:04 AM EST
Morning Market Updates
A recap of MBS Market Updates provided by MND Analysts and streamed live to the
MBS Live Dashboard
MBS, Treasuries Improve After Economic Data, Stocks Lower
We haven't been seeing many good examples of the so-called "stock lever" in the past weeks and months, but it appears to be relatively well-connected this morning. Stocks traded lower just slightly at the domestic open and bond markets followed by moving lower in yield.
After this morning's round of economic data stocks sold off at a quicker pace, now testing the 1360 level after trading over 1365 most of the morning in S&P futures.
Bond markets have done a fairly good job of tracing these moves in terms of 10yr and MBS yields. In terms of price, Fannie 3.5's are unchanged on the day at 103-15 but have traded up to 103-16+ in the past half hour.
10yr yields bounced at 1.97 resistance which was the lowest seen on Friday, and during a good surge of volume. That latest bounce had an air of independence from stocks, suggesting that the previously observed stock lever connection could be a passing fad in favor of "trading the range . 10's are already back up into the mid 1.98's.
ECON: Factory Orders Decline By Most Since October 2010
- Factory Orders -1.0 Pct (Consensus -1.5)
-Durables Orders Revised To -3.7 Pct From -4.0 Pct
-Nondefense Cap Orders Ex-Aircraft Revised To -3.9 Pct From -4.5 Pct
-Factory Orders Ex-Transportation -0.3 Pct Vs Dec +0.7 Pct
- Factory Orders Ex-Defense -1.2 Pct Vs Dec +1.6 Pct
-Nondurables Orders +1.3 Pct Vs Dec -0.2 Pct
-Computers/Electronic Products Orders +0.8 Vs Dec -0.2 Pct
-Total Manufacturing Inventories +0.6 Pct Vs Dec +0.2 Pct
- Inventories/Shipments Ratio unchanged
-Factory Orders Largest Decline Since Matching -1.0 Pct In Oct 2010
ECON: ISM Non-Manufacturing Slightly Higher Than Expected
Non-Manufacturing 57.3 in Feb (consensus 56.1)
business activity index 62.6 in February (consensus 59.3)
new orders index 61.2 in February vs 59.4 in January
employment index 55.7 in February vs 57.4 in Jan
prices paid index 68.4 in February vs 63.5 in Jan
PMI index at highest since February 2011
Business Activity index also at highest since Feb 2011
"The NMI registered 57.3 percent in February, 0.5 percentage point higher than the 56.8 percent registered in January, and indicating continued growth at a faster rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 62.6 percent, which is 3.1 percentage points higher than the 59.5 percent reported in January, reflecting growth for the 31st consecutive month. The New Orders Index increased by 1.8 percentage points to 61.2 percent, and the Employment Index decreased by 1.7 percentage points to 55.7 percent, indicating continued growth in employment, but at a slower rate. The Prices Index increased 4.9 percentage points to 68.4 percent, indicating prices increased at a faster rate in February when compared to January. According to the NMI, 14 non-manufacturing industries reported growth in February. The majority of comments from the respondents reflect a growing level of optimism about business conditions and the overall economy. There is a concern about inflation, rising fuel prices and petroleum-based product costs."
Weekend News Recap: Greece's Debt Swap Anticipation
IIF's Dallara Says Confident Greek Debt Swap Will Succeed
(Reuters) - The chief negotiator for private sector holders of Greek bonds expressed confidence on Saturday that a bond swap deal which is a key part of Greece's bailout programme will be completed successfully next week.
Source: ECB Expects Greece PSI Participation Will Be Too Low
(Dow Jones)--The European Central Bank expects that the participation rate of Greece's private creditors in the planned voluntary debt restructuring deal will be too low and collective-action clauses will have to be invoked, a person at the central bank told German weekly magazine Der Spiegel.
Greece may need more help
(Reuters) - Greece's second bailout may prove insufficient and a topping up of the euro zone's permanent bailout fund cannot be ruled out, the Austrian Chancellor was quoted as saying in a newspaper on Sunday.
Euro zone's private sector back in the doldrums in Feb: PM
(Reuters) - A sharp downturn among Italian and Spanish businesses dragged the euro zone's private sector back into decline last month, dashing hopes the region would avoid another recession, a survey showed on Monday.
Private holders of Greek debt should reject swap offer, DSW says
Private investors in Greek government bonds should reject a voluntary swap offer aimed at reducing the country’s debt load, according to German private investor lobby group DSW.
Bond Market Marginally Weaker But Well-Supported At The Open
Volume and volatility were fairly light in the overnight session with fewer than 200k 10yr contracts trading before 830am and yields having held a range from 1.963 to 1.99.
Treasuries strengthened into the early morning EU data as Italian and Spanish services PMIs (production manager indexes) showed continued declines. CDS's rose for both counties and spreads against German 10yr government bonds widened slightly.
A few hours later, slightly stronger than expected Euro-zone Retail Sales figures helped stem the loss and send the range back in the other direction, with 10's rising into the 1.99's at the domestic open. Yields have been grinding sideways there in the first hour of trade.
MBS are similarly sideways just north of the important 103-10 pivot point in Fannie Mae 3.5's and are 3 ticks lower from Friday's 5pm levels, currently 103-12.
The first economic data of the day is still an hour away with ISM Non-Manufacturing and January Factory Orders.
Featured Market Discussion
A recap of the featured comments from the Live Discussion on the
MBS Live Dashboard
"we use Citi, Chase, Wells & PHH"
"does anyone write Coops with Flagstar?"
"lot of chatter on endless bailout scenario on CNBC"
"RTRS- ISM REPORT ON U.S. NON-MANUFACTURING SECTOR SHOWS PMI AT 57.3 IN FEBRUARY (CONSENSUS 56.1) VS 56.8 IN JAN "
"RTRS- U.S. JAN FACTORY ORDERS -1.0 PCT (CONSENSUS -1.5) VS DEC +1.4 PCT (PREV +1.1 PCT) "
""That includes BNP Paribas, Deutsche Bank, National Bank of Greece, Allianz, and Greylock Capital Management""
"RTRS- IIF SAYS STEERING COMMITTEE MEMBERS TO TAKE PART IN GREEK BOND SWAP "
"i think Rush Limbaugh needs to go "Lin"cognito for a few days.....he is a complete buffoon"
About the Author
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. ...
MBS Live! Community
View All Email Options
This Channel Only
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
to Post Comments
More From MND
New Products; Free Training; FHLBs Enlist in MPF for...
Huh? People burned while walking across fire at a Tony Robbins event in Texas? Imagine that! Speaking of incendiary activities, an amendment passed the...
MBS Day Ahead: Stock/Bond Divergence: Is Someone Lying...
<insert something about "Brexit" and "Uncertainty" here> <insert a few random bullet points about stuff that doesn't matter...
Refi Demand Won't Reflect Rate Drop Until Next...
Mortgage application activity was down across the board during the week ended June 24. The Mortgage Bankers Association (MBA) reports that its Market Composite...
MBS RECAP: Bonds Hold Very Much Inside Yesterday's...
Bond markets grudgingly gave up some gains, but only relative to previous close Relative to yesterday's average trading levels, today was flat No impact...
Cash-Outs Not Yet "Worrisome"
Freddie Mac says that the trend toward increasing levels of cash out refinancing paused during the first quarter of 2016. The share of refinancing in which...
Mortgage Rate Watch
Mortgage Rates Lower Despite Bond Market Weakness
Mortgage rates fell modestly today despite some weakness in underlying bond markets. Typically, when bond yields (which move inversely with bond prices...
Home Prices Climb as Brexit, Fall Elections Loom
Both S&P/Case-Shiller and Black Knight Financial Services report that home prices continued to rise in April. Their numbers, while covering different...
Investor Disaster and Appraisal Updates; Do Election...
How could it have been 30 years since everyone was watching “Top Gun” in the theaters? Yes, time flies, and before you know it, well, you’re...
MBS Day Ahead: Identifying Normal Pull-Back vs an Actual...
Bond rallies don't last forever 2 ways for rates to move higher: temporary, nominal corrections, and full-scale reversals Here's one easy way to...
MBS RECAP: Best Kind of Day for Bonds: Steady and Much...
Brexit fallout continues. That's really all we got Fortunately, that's a huge positive for bond markets 10yr yields dropped more than 10bps Fannie...
Mortgage Rate Watch
Mortgage Rates Continue to New 3-Year Lows
Mortgage rates move lower again today following last week's Brexit headlines (the U.K.'s vote to leave the European Union). Indeed it's hard to turn on...
Could Homeownership Be Headed For 50 Percent?
Will the homeownership rate fall below 50 percent? Not a question most housing industry stakeholders want to think about, but some analysts are speculating...
Ginnie Issuance Passes Freddie; TILA Dollar Amounts;...
Everyone is talking about the future of the European Union. Tad Dahlke sends, “Brexit to be followed by Grexit, Departugal, Italeave, Fruckoff, Czechout...
MBS Day Ahead: Bonds Asserting Claim to Last Week's...
Oftentimes, a massive surge to long-term lows is met with a quick snap back to the safety of the previous range. So far, the current massive surge is not...
MBS RECAP: Bonds Keep Reasonable Amount of Brexit Mega...
10yr yields were as low as 1.406 overnight, but moved up to the mid 1.5's by the close MBS were up nearly 7/8ths of a point at their best, but will...
Mortgage Rate Watch
Single Best Day For Mortgage Rates in More Than a Year
Mortgage rates plummeted today following the surprise victory of the referendum for the U.K. leaving the European Union (aka "Brexit"). This joins the...
CFPB Targets Servicer Technology in Updated Exam Procedures
After two years of supervision and examinations of mortgage servicers by the Consumer Financial Protection Bureau (CFPB) the agency has criticized the...
NY Servicers Dealt Blow; Ocwen's $30 Million Settlement;...
At Happy Hour tonight, besides talking about refis, you can throw this one out: the number of homes worth $1 million has doubled in the last 4 years ....
MBS Day Ahead: Brave New World, Part 2: Brexit Milestone...
For a variety of reasons and for more than a year, the MBS Live community and I have periodically revisited the general topic of a "brave new world." This...
BRRRREXIT!! Rates Plummet Toward All-Time Lows
FOLLOW THE LATEST BREXIT UPDATES on MBS LIVE with FREE TRIAL CODE: BREXIT So what are we seeing? At this point, most major media outlets are "calling it...
View More at the Market Data Center
30 Yr FRM 3.43%
15 Yr FRM 2.76%
Jumbo 30 Year Fixed 3.51%
30YR FNMA 4.5 109-03
30YR FNMA 5.0 111-01
30YR FNMA 5.5 112-11
Recent Housing Data:
Register for Free
Learn About MBS Live!
2 Week Free Trial
Become a Contributor
Around the Web
Current Mortgage Rates
Local Mortgage Professionals
Local Real Estate Professionals
+Add Your Free Listing
+Add Your Company
Recent Press Releases
Submit a Press Release
Submit a News Tip
Submit a Link to News
Contact Our Press Team
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.
Subscribe to Our Newsletter
Follow On Your Mobile Device
Subscribe To RSS
Follow On Twitter
Follow On Facebook
All Content Copyright © 2003 - 2016 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.