Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,829
# of Questions Answered
Subscribe
 Email Alerts
Receive an Email Alert each time a story is posted to MBS Commentary.
-
 RSS
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
Fed Minutes Today at 2pm EST
Follow the markets live as the Fed Minutes are released at 2pm EST today.
Thomson Reuters MBS Aggregations
Gain access to a powerful search engine and most accurate and timely mortgage industry originator and servicer rankings.
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
  • Widgets

MBS RECAP: Here's The Only Reason Mortgage Rates Have Moved Lower Recently
Jun 2 2020, 3:11PM

 "Because they were so much higher than they should have been in March and April..."  Seriously, that's the reason mortgage rates have been able to move lower even as Treasury yields and MBS prices suggest moderately higher rates.  We discuss this in greater detail in the video and in the Day Ahead.

Econ Data / Events
Market Movement Recap
08:20 AM

Treasuries were stronger in Asia but yields moved higher during European hours.  Equities markets at home and abroad generally followed the same pattern (i.e. prices were lower in Asia and higher in Europe).  MBS are starting the day an eighth of a point weaker.

12:38 PM

For the 2nd day in a row, the close of European markets is creating some small-scale volatility in the US.  This time, it's in the other direction.  Treasury yields are moving higher and MBS are back in line with the morning's lows (down about an eighth of a point on the day).

03:05 PM

After the last entry, bonds weakened just a bit more before bouncing.  MBS have made up almost half of those losses, but are still down an eighth of a point from the morning's highs.  10yr yields are up 1.3bps on the day at .68%.  Lots of pressure from corporate bond issuance today (here's how that works).


MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS
UMBS 2.0
101-30 : -0-02
Treasuries
10 YR
0.6790 : +0.0170
Pricing as of 6/2/20 3:09PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
12:43PM  :  ALERT ISSUED: MBS Down an Eighth of a Point
8:38AM  :  Weaker to Start, But Bouncing Back

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. ... more

Other Contributors


Share:
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


Comments

Join Now or Login to Post Comments

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 2.91%
  • |
  • 15 Yr FRM 2.62%
  • |
  • Jumbo 30 Year Fixed 3.95%
MBS Prices:
  • 30YR FNMA 4.5 107-10 (-0-04)
  • |
  • 30YR FNMA 5.0 108-24 (-0-10)
  • |
  • 30YR FNMA 5.5 110-01 (0-08)
Recent Housing Data:
  • Mortgage Apps 2.24%
  • |
  • Refinance Index 0.44%
  • |
  • Purchase Index 5.34%