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!
1,829
# of Questions Answered
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 RECAP: Calm Week Ends on an Even Calmer Note
MBS Day Ahead: Bonds Should Give Their Next Technical Signal...
MBS RECAP: Bonds Push Back Against AM Weakness, But Risks Remain
MBS Day Ahead: Defensive Shift is a Cause For Concern; Yields...
MBS Day Ahead: Does Inauguration Day Matter For The Bond Market...
View All
Other Top Headlines
Existing Home Sales Reach Highest Levels Since 2006
Upbeat 2021 Econ Forecast From Fannie Mae
End-of-Year Delinquencies a Challenge for 2021
MLO Jobs; Broker, Recruiting, HELOC Products; Freddie and Fannie...
Mortgage Rates Almost Back to Early January Levels
View More
Latest Video
Deese: White House to...
United Wholesale Mortgage...
Existing home sales climb...
View More
Home Sales Highest Since 2006; Upbeat Forecast For 2021; How Long Can Good Times Last?
Published: 1/22/2021
VIEW
|
SUBSCRIBE
|
ARCHIVE
Comments
"
Quick question for the experts here.. How long after the Government...
"
"
Like I thought.. Initial over-reactionary jump followed by a...
"
"
Correction.. In my head I was thinking one either but I typed...
"
"
Just as I predicted a week ago.. bounding around at a new level...
"
"
I mean... for anyone who got comfy with the late 2020 rate reality...
"
"
Is 15 basis points really "well above"?
"
"
Given the last week's bond market losses, being able to continue...
"
"
Thanks for the heads-up, Harold. We fixed it.
"
Latest Questions
Bottom Right Default
State Name: Connecticut
State Name underscore: Connecticut
State Name dash: Connecticut
State Name lower underscore: connecticut
State Name lower dash: connecticut
State Name lower: connecticut
State Abbreviation: CT
State Abbreviation Lower: ct
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 MID-DAY: Range-Bound And Off The Lows Ahead Of 10yr Auction
Jun 13 2012, 11:06AM
MBS Live
: MBS Morning Market Summary
Bond markets walked in the door in moderately weaker territory today, but firmed up following weaker economic data and a technical support bounce in 10yr yields. The technical support is somewhere in the neighborhood of 1.68 depending on whether you want to place more importance on the old "record low" in the mid 1.67's. Either way, the moral of the story is that early weakness has stabilized nicely ahead of a relatively important 10yr auction. Fannie 3.5's are hanging on to their same ledge of support from yesterday (and beyond) at 104-22. Be on guard though... First of all, it's not uncommon to see some weakness heading into an auction like this. Additionally, a result that deviates greatly from the 1pm "when-issued" yield and the recent average bid-to-cover ratio could send things in one direction or another fairly quickly. That said, there's no catastrophic downside risk for bond markets until 10yr yields are crossing back over 1.80. So a break of the 1.68-ish pivot points seen in the two charts below, while definitely negative if they occur today, wouldn't be the end of the world.
This longer term chart shows yields breaking the same pivot point that was unbroken in the shorter term chart above. This is because the chart above only includes the higher-volume domestic trading hours while the daily chart below includes some of the spikier movement from the Asian and European sessions.
MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom.
Real time pricing
is available via MBS Live.
FNMA 3.5
104-23 : +0-02
FNMA 4.0
106-04 : -0-01
FNMA 4.5
107-05 : -0-01
FNMA 5.0
108-08 : -0-01
GNMA 3.5
106-25 : +0-01
GNMA 4.0
109-04 : +0-00
GNMA 4.5
109-24 : -0-03
GNMA 5.0
110-17 : -0-03
FHLMC 3.5
104-15 : +0-02
FHLMC 4.0
105-26 : -0-01
FHLMC 4.5
106-22 : +0-00
FHLMC 5.0
107-17 : -0-01
Pricing as of 11:06 AM EST
Morning Reprice Alerts and Updates
Below is a recap of instant
Reprice Alerts
and updates issued via email and text alert to
MBS Live subscribers
this morning.
9:31AM
:
ALERT ISSUED:
Bond Markets Battle Back Into The Green After AM Data
Bond Markets were weaker overnight led by extensive weakness in German Bunds and other high-quality European debt after Denmark (yes, Denmark... who knew?!) made a change to pension fund rules that affected demand in the European long-end (
read more...
). German Bunds shot higher in yield when they opened capping a 2 day move over 20bps higher.
Even now, Bunds are resisting the bounce back we've seen in Treasuries which has ushered the 10yr yield from an important pivot point around 1.68 to 1.6471 currently. MBS followed the bounce with Fannie 3.5's getting back into positive territory on the day if only by 2 ticks at 104-23.
It does seem like this morning's generally weaker economic data had a mildly salubrious effect on bond markets, but the reaction was noticeably delayed, and we could just as easily view it as a case of the data "not being enough" to prompt a break over the 1.68+ pivot point in 10's, thus suggesting a technically motivated bounce lower.
Either way, this is a good level of strength ahead of today's 10yr auction, but that auction raises some concern as to how sustainable the strength can be. Seeing as how this one will go off at record low yields and considering the rapid rise in guidance-giving European debt, any strength we can maintain into the auction is a bonus. We wouldn't be surprised to see a more aggressive concession heading into 1pm, which could look something like a re-test of the 1.68's. Incidentally, that major horizontal pivot point is also near the upper boundary of a downward-sloping trend channel, intact since early April. If we find ourselves breaking into the 1.7's today, it's negative mark against the long end of the yield curve and not likely to help production MBS at all. That said, weekend elections and next week's FOMC could completely reverse any swings that look like they might have medium to long term technical significance today.
8:41AM
:
ECON: Producer Prices Falling Faster, but Core Unchanged
* PPI - 1.0 pct vs -0.6 pct consensus and -0.2 pct previous
*Core PPI +0.2 pct, same as consensus and previous
* Energy -4.3 pct, most since March 2009
The Producer Price Index for finished goods fell 1.0 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods moved down 0.2 percent in April and were unchanged in March. At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.8 percent in May, and the crude goods index fell 3.2 percent. On an unadjusted basis, prices for finished goods advanced 0.7 percent for the 12 months ended in May, the eighth straight month of slowing year-over-year increases following a 7.0-percent rise for the 12 months ended September 2011.
8:37AM
:
ECON: Retail Sales In Line With Expectations, Excluding Autos Much Weaker
* Headline Retail Sales down 0.2 pct, as expected
* Excluding autos down 0.4 pct vs 0.0 pct consensus
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $404.6 billion, a decrease of 0.2 percent (±0.5%)* from the previous month, but 5.3 percent (±0.7%) above May 2011. Total sales for the March through May 2012 period were up 5.7 percent (±0.5%) from the same period a year ago. The March to April 2012 percent change was revised from 0.1 percent (±0.5)* to -0.2 percent (±0.2%)*. Retail trade sales were down 0.2 percent (±0.5%)* from April 2012, but 5.0 percent (±0.7%) above last year. Nonstore retailers sales were up 12.4 percent (±3.1%) from May 2011 and motor vehicles and parts dealers were up 10.0 percent (±2.1%) from last year.
Live Chat Featured Comments
A recap of the featured comments from the
MBS Live Dashboard's Live Chat feature
, utilized by hundreds of industry professionals each day.
Victor Burek
:
"how much tax payer money is gonna be wasted with this political theartre"
Andrew Horowitz
:
"exactly, if lets say GM designs a car line that doesn't work, like lets say Saturn, should they be griled by congress now?"
Steven Fishman
:
"congess wants to tax the loss"
Victor Burek
:
"exactly...they lost their own money, not client money"
Matt Hodges
:
"what right does Congress have to grill him?"
Matt Hodges
:
"what law/regulation did they break/violate with those losses?"
Christopher Stevens
:
"looking forward to the ridiculous questions Congress will no doubt ask Dimon."
Jeff Anderson
:
"More crappy #'s. Just in time for the Fed meeting. I still don't think we're ready for QE3, but they'll consider it more as we get more reports like this. I'm kind of surprised equity futures aren't turning up yet."
Victor Burek
:
"give it time bc"
Matthew Graham
:
"RTRS - US MAY PPI BIGGEST DECLINE SINCE JULY 2009; YEAR-OVER-YEAR WEAKEST READING SINCE OCT 2009 "
B-C
:
"or maybe not VB"
Matthew Graham
:
"RTRS- U.S. MAY PPI EXFOOD/ENERGY +0.2 PCT (CONS +0.2 PCT) VS APRIL +0.2 PCT "
Matthew Graham
:
"RTRS- U.S. MAY PPI -1.0 PCT (CONSENSUS -0.6 PCT) VS APRIL -0.2 PCT "
Matthew Graham
:
"RTRS- US MAY RETAIL SALES EX-AUTOS BIGGEST DECLINE SINCE MAY 2010 (-1.0 PCT) "
Victor Burek
:
"this should help us"
Matthew Graham
:
"RTRS - US MAY RETAIL SALES EX-AUTOS -0.4 PCT (CONS 0.0 PCT) VS APRIL -0.3 PCT (PREV +0.1 PCT) "
Matthew Graham
:
"RTRS - US MAY RETAIL SALES -0.2 PCT (CONSENSUS -0.2 PCT) VS APRIL -0.2 PCT (PREV +0.1 PCT) "
Matthew Graham
:
"REUTERS POLL-U.S. AVERAGE NON-FARM PAYROLLS CHANGE SEEN AT +97,000 IN Q2 (+155,000 IN MAY POLL) "
Ira Selwin
:
"All off of endorsed date unfotunately"
Joe Prine
:
"all about the endorsements"
Justin Dudek
:
"if a borrower closed in april 09, but has endorse date of 6/10- no chance of goong off new mi?"
Matt Hodges
:
"USD yes, Drachmas no"
Jeff Anderson
:
"GM, all. Article on CNBC says that Greeks are withdrawing over $1 billion dollars a day from the banks prior to the elections. Would that be considered a run on the banks. Yikes."
Adam Quinones
:
"...one could assume."
B-C
:
"so that next signal is probably towards lower rates right AQ?"
Adam Quinones
:
"stored energy doesnt imply a directional bias, it's just another way to say "we're moving sideways, consolidating profits, waiting for the next signal""
Brent Borcherding
:
"stored energy? I don't know, we have auctions, then greek elections, maybe we're just backing up to make a move lower."
Adam Quinones
:
"im sure he is using a bullish trend channel though"
Adam Quinones
:
"not sure where MG has his pivot...mine is around 1.68-1.70"
Adam Quinones
:
"def been consolidating Sam."
Read
what our user's have to say
about MBS Live
on LinkedIn
.
» Start a
two week free trial
of MBS Live.
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
MND NewsWire
End-of-Year Delinquencies a Challenge for 2021
Mortgage performance understandably deteriorated over the course of 2020. Black Knight, in its "first look" at December data, noted that the year ended...
Pipeline Press
MLO Jobs; Broker, Recruiting, HELOC Products; Freddie...
This week Joe Exotic did not receive a presidential pardon, nor did mortgage rates move much versus last week, but there are still over 16 million refinance...
MBS Commentary
MBS Day Ahead: Bonds Should Give Their Next Technical...
The nature of the pandemic has made for some very mechanical and orderly market movement. The best example of this in the bond market is the "trend...
MBS Commentary
MBS RECAP: Bonds Push Back Against AM Weakness, But...
Bonds Push Back Against AM Weakness, But Risks Remain Yields were breaking higher as the domestic session began with traders citing the European Central...
Mortgage Rate Watch
Mortgage Rates Almost Back to Early January Levels
Mortgage rates made more progress today, but only after some drama in the morning. The bond market started the day in weaker territory and many mortgage...
MND NewsWire
Construction Surges to Highest Levels in 15 Years
Residential construction finished out 2020 much more strongly than analysts had expected. The U.S. Census Bureau and Department of Housing and Urban Development...
MBS Commentary
MBS Day Ahead: Defensive Shift is a Cause For Concern;...
The GA senate election shift is old news. It did the damage it was always likely to do, but bonds had a good show of support by the end of the following...
Pipeline Press
Retail, Correspondent Jobs; Performance, Non-QM, Sales...
“Do y’all remember, before the internet, that people thought the cause of stupidity was the lack of access to information? Yeah, it wasn’t...
Mortgage Rate Watch
Mortgage Rates Making Steady Progress Over The Past...
Mortgage rates are off to a decent start this week with the average lender offering slightly better terms compared to last Friday. The progress actually...
MND NewsWire
DACA "Dreamers" Given FHA Loan Eligibility
The Department of Housing and Urban Development (HUD) announced on Tuesday that it has extended eligibility for FHA mortgages to individuals who are classified...
MND NewsWire
Rising Material Prices and Lot Shortages Hurt January...
After setting three successive record highs, most recently a 90 level in November , the pandemic and rising construction costs are taking a toll on the...
MBS Commentary
MBS Day Ahead: Does Inauguration Day Matter For The...
Does inauguration day matter for the bond market? Not as such, no. To be sure, the changing of the guard in D.C. is indeed a big deal for the bond market...
Pipeline Press
Ops, AE Jobs; Sales, Leadership, Tech, Pricing Tools;...
In his Saturday Morning Cup of Joe , Jeremy Potter quipped, “The word ‘homeowners’ has the word ‘meow’ in it. Good luck unseeing...
MND NewsWire
New Home Purchase Applications Remained Strong to Year's...
The Mortgage Bankers Association (MBA) estimates that applications for the purchase of newly built homes rose only 0.2 percent from November to December...
MND NewsWire
Fannie/Freddie Allowed to Keep More Capital (Again...
Late last week the Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) agreed to amend the Preferred Stock Purchase...
MND NewsWire
Refinancing Volume Pulls Back as Rates Rise
The volume of mortgage applications fell back slightly last week. The Mortgage Bankers Association (MBA) said its Market Composite Index was down 1.9 percent...
MBS Commentary
MBS RECAP: Uneventful Start This Week; Next Move Remains...
Uneventful Start This Week; Next Move Remains Debatable Bonds began the day in weaker territory but rallied back to nearly unchanged levels after several...
MND NewsWire
Biden Nominates Two Picks for Important Financial Positions
President-elect Joe Biden has announced his picks for two important financial regulatory positions. The chairmanship of the Consumer Financial Protection...
Pipeline Press
IT, AE Jobs; Jumbo, Origination, Productivity Tools;...
Sometimes running a mortgage compliance department can seem like this short clip Indiana’s Carol K. sent along. Yet there is value in compliance...
MBS Commentary
MBS Week Ahead: After Last Week's Defensive Stand...
Last week's bond trading served the role of establishing a ceiling for yields after their biggest spike in nearly a year (and the case could be made...
View More at the Market Data Center
Mortgage Rates:
30 Yr FRM 2.80%
|
15 Yr FRM 2.30%
|
Jumbo 30 Year Fixed 3.30%
MBS Prices:
30YR FNMA 4.5 108-16
(-0-02)
|
30YR FNMA 5.0 110-15
(-0-01)
|
30YR FNMA 5.5 111-08
(-0-01)
Recent Housing Data:
Mortgage Apps
1.06%
|
Refinance Index
1.40%
|
Purchase Index
1.81%
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
190,426
Home
-
About
-
Contact
-
Sitemap
-
Disclaimer
-
Privacy Statement
-
Advertising
-
RSS
All Content Copyright © 2003 - 2021 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.