Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
33,878
# of User Comments
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: Lock vs Float Considerations With Rates at All-Time Lows
Jun 29 2020, 2:59PM

Stocks and bond yields are still in holding patterns relative to early June volatility.  Meanwhile, mortgage rates are at all-time lows.  There are scenarios where rates could improve, but the base case is quite the opposite.  All of the above depends on coronavirus.

Econ Data / Events
  • 11:30-11:50 AM (ET) - Fed 30yr UMBS Buying  

  • Pending Home Sales: +44.3% vs +18.9% f'cast (-21.8% prev)

Market Movement Recap
07:50 AM

No major news overnight. 10yr yields up 1.3bps to .653.  UMBS starting the day down 3 ticks (0.09).  Stocks up half a percent (futures).  

10:29 AM

Stocks slumped a bit at the 9:30am  NYSE open.  Bonds improved at the same time and are holding those gains even though stocks have bounced back.  MBS and Treasuries both now just barely positive on the day.

01:16 PM

MBS and Treasuries pulled back from slightly from the mornings modest gains.  Stocks are up on the day now and there's some correlation with bond weakness (but not as much as there has been).  10yr yields up half a bp at .645% and UMBS 2.0 are down 2 ticks (0.06) at 102-07 (102.22).

02:55 PM

Bonds have shaken off mid-day weakness and are back to unchanged (or better) levels.   Stocks are still moderately stronger on the day.  No big news or market movers.  Very sideways in the bigger picture.


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
102-09 : +0-00
Treasuries
10 YR
0.6380 : +0.0000
Pricing as of 6/29/20 2:57PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
12:58PM  :  Some Weakness After a Morning Rally
8:26AM  :  Modestly Weaker Overnight, But Still In The Zone

Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Jun 29
10:00 Pending Sales Index May 99.6 69.0
10:00 Pending Home Sales (%) May +44.3 18.9 -21.8
Tuesday, Jun 30
9:00 CaseShiller 20 yy (% ) Apr 4.0 3.9
9:45 Chicago PMI * Jun 45.0 32.3
10:00 Consumer confidence * Jun 91.8 86.6

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 2.92%
  • |
  • 15 Yr FRM 2.62%
  • |
  • Jumbo 30 Year Fixed 3.95%
MBS Prices:
  • 30YR FNMA 4.5 107-14 (0-00)
  • |
  • 30YR FNMA 5.0 109-05 (0-04)
  • |
  • 30YR FNMA 5.5 109-21 (-0-02)
Recent Housing Data:
  • Mortgage Apps -1.84%
  • |
  • Refinance Index -2.20%
  • |
  • Purchase Index -1.28%