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  • MBS OPEN: WHO WILL GIVE IN FIRST?

    by AQ on March 11 2009, 8:13 AM
    Good Morning. Stock Futures are indicating a positive open and TSYs rates are slightly improved. (Who is going to give in first?) MBS is flat. I posted an explanation of "The Roll" last night. LINK Opening Marks... APRIL FN30 _____________________________...
  • MBS CLOSE: EXPLAINING THE ROLL

    by AQ on March 10 2009, 5:52 PM
    MBS patiently outperformed TSYs today while equity market "bottom pickers" placed their bets that the worst of the financial and economic crisis is behind us. MARCH FN30 (LAST DAY) _____________________ FN 4.0 -------->>>> -0-07...
  • MBS UPDATE: QUESTION

    by AQ on March 10 2009, 3:37 PM
    Hmmmmm...site activity is a little slow today so I went back and read through old posts to see if something was amiss. I noticed a considerable lack of street level mortgage talk and considerable surplus of MBS jargon. Have you noticed that too? Currently...
  • MBS UPDATE: 3 YR NOTE AUCTION REACTIONS

    by AQ on March 10 2009, 1:09 PM
    Post 3 year note auction MBS remains stable and range bound. 125 marks.... (Since 5pm yesterday) FN30 ______________________________________ FN 4.0 -------->>>> -0-08 to 98-28 from 99-04 FN 4.5 -------->>>> -0-0 4 to 101-00 from...
  • MBS MORNING: MBS STABLE WHILE SHORTS COVERED

    by AQ on March 10 2009, 10:42 AM
    Yesterday was an uninspired trading session. MBS outperformed the supply weary TSY curve ($63bn this week) while stocks sat stagnant. The Fed continues to provide a steady and supportive bid to the GSE MBS market and overseas accounts remain buyers of...
  • MBS OPEN: YIELD CURVE STEEPER

    by AQ on March 10 2009, 8:01 AM
    TSY yields are on the rise and stock futures indicate a positive open. MBS bids are moving lower as the yield curve steepens.... Since 5pm yesterday... FN30 ______________________________________ FN 4.0 -------->>>> -0-08 to 98-28 from 99...
  • MBS CLOSE: MARKETS SIT AND WAIT

    by AQ on March 09 2009, 6:25 PM
    Market's took a break from headline news today. In average trading MBS was bid well as the stack outperformed the yield curve. Spreads closed tighter vs. TSYs and Swaps. FN 5.0s performed the best on relative value basis which is an indication that...
  • MBS UPDATE: HEADING INTO 5PM

    by AQ on March 09 2009, 4:36 PM
    Heading into going out.... FN30 _____________________________________ FN 4.0 -------->>>> -0-02 to 99-04 from 99-06 FN 4.5 -------->>>> -0-0 2 to 101-04 from 101-06 FN 5.0 -------->>>> +0-01 to 102-14 from 102-13 FN...
  • MBS UPDATE: BIDS STEADILY MOVING HIGHER

    by AQ on March 09 2009, 3:44 PM
    MBS bids continue to move up off the lows of the day.... FN30 ______________________________________ FN 4.0 -------->>>> -0-04 to 99-02 from 99-06 FN 4.5 -------->>>> -0-03 to 101-03 from 101-06 FN 5.0 -------->>>>...
  • MBS UPDATE: IMPROVED OFF THE LOWS

    by AQ on March 09 2009, 2:37 PM
    ....but still stuck in a range Headline news is all quiet at the moment and equity markets aren't making much noise...so fixed income market participants have taken the opportunity to bake in a few more "supply to come" bps into TSY yield...
  • MBS ALERT: REPRICE LOOMING

    by AQ on March 09 2009, 12:16 PM
    TSY note and bond yields continue to move higher and MBS is following....some lenders will consider repricing for the worse as the Dow creeps higher 1215 Marks... FN30 __________________________________ FN 4.0 -------->>>> -0-11 to 98-27 from...
  • MBS UPDATE: PRICE UPDATE

    by AQ on March 09 2009, 9:50 AM
    Good Morning. The MBS stack is following the supply weary yield curve toward higher rates this morning. Mortgage Rates are a few bps higher this AM. FN30 _____________________________________ FN 4.0 -------->>>> -0-04 to 99-02 from 99-06 FN...
  • MBS MORNING: SELLING

    by AQ on March 09 2009, 8:30 AM
    FN30 __________________________________ FN 4.0 -------->>>> -0-06 to 99-00 from 99-06 FN 4.5 -------->>>> -0-0 5 to 101-01 from 101-06 FN 5.0 -------->>>> -0-01 to 102-12 from 102-13 FN 5.5 -------->>>>...
  • DU REFI PLUS - No Media Coverage

    by AQ on March 06 2009, 1:38 PM
    You can download the full 'DU Refi Plus' document in pdf format here . If you would like to link to this document, please link to http://www.mortgagenewsdaily.com/du-refi-plus.pdf DU Refi Plus TM BORROWERS YOU DO NOT HAVE TO GO TO YOUR SERVICER...
  • MBS MORNING: THE BIG KAHUNA

    by AQ on March 06 2009, 10:23 AM
    THE EMPLOYMENT SITUATION: FEBRUARY 2009 Nonfarm payroll employment continued to fall sharply in February ( -651,000 ). The unemployment rate rose from 7.6 to 8.1 percent . The change in total nonfarm employment for December was revised from -577,000 to...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.75%
  • |
  • 15 Yr FRM 3.05%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 108-32 (0-04)
  • |
  • 30YR FNMA 5.0 111-03 (0-00)
  • |
  • 30YR FNMA 5.5 112-19 (0-02)
Recent Housing Data:
  • Mortgage Apps -1.26%
  • |
  • Refinance Index -2.94%
  • |
  • Purchase Index 1.88%