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  • MBS MORNING: Month End for Mortgage World

    by AQ on March 31 2009, 10:35 AM
    The TBA MBS market is quiet as we close out the month and Q1 2009. It appears all positions have been taken and balance sheets adequately "dressed up" (prepared) for quarterly review. Change Since 3pm Closing Marks... FN30 _______________________________...
  • MBS OPEN: Generally Flat Early On

    by AQ on March 31 2009, 8:25 AM
    Good Morning rate watchers. After a pessimistic trading session yesterday, stock futures indicate that equity traders are poised to push prices higher at the open. MBS will be under selling pressure early in the session as TSY yields traded higher overnight...
  • MBS UPDATE: IMPROVED FROM FRIDAY

    by AQ on March 30 2009, 5:02 PM
    5pm Marks.... FN30 _______________________________ FN 4.0 -------->>>> +0-07 to 100-16 from 100-09 FN 4.5 -------->>>> +0-05 to 102-01 from 101-29 FN 5.0 -------->>>> +0-04 to 103-02 from 102-30 FN 5.5 -------->>>>...
  • MBS UPDATE: 2pm Prices

    by Matthew Graham on March 30 2009, 2:07 PM
    We've gained a bit back. Treasuries are recovering as well which should provide some support. Here are intraday ticks FN30 _______________________________ FN 4.0 -------->>>> +0-08 to 100-17 from 100-09 FN 4.5 -------->>>>...
  • MBS MORNING: Morning Gains Lost

    by AQ on March 30 2009, 12:17 PM
    The MBS coupon stack has been subjected to the sentiments of the TSY market this morning. Flight to quality helped push MBS prices higher early in the session, however quarter end balance sheet strengthening tactics have brought about fast money TSY traders...
  • MBS UPDATE: FIXED INCOME LOVING THE LEVER

    by AQ on March 30 2009, 9:42 AM
    MBS is benefiting from a general flight to quality as a generally foul feelings on trading floors has stocks around the world bleeding out optimism after several headline news (Geithner chatter, automaker BKs, and Spanish bank rescues) events combined...
  • MBS OPEN: Strengthening Early On

    by AQ on March 30 2009, 8:30 AM
    MBS opens strong as are spreads mixed and prices are moving higher... APRIL FN30 _____________________________ FN 4.0 -------->>>> +0-05 to 100-14 from 100-09 FN 4.5 -------->>>> +0-05 to 102-02 from 101-29 FN 5.0 -------->>>>...
  • MBS Weekly: Choppy Week Leaves MBS Slightly Better. Next Week Might Be OK Too!

    by Matthew Graham on March 27 2009, 5:52 PM
    Today was not a stellar conclusion for MBS as we fell back to more or less average levels for the week. Here is the entirety of today's action: As you can see, we ended more or less close to the lows of the day. Keep in mind that a lot of that weakness...
  • MBS UPDATE: After All That Commotion....

    by AQ on March 27 2009, 5:05 PM
    After all that mid-day commotion, caused by some post TSY auction/pre-weekend yield curve trade positioning, MBS closed flat on the day. Matt will be posting the end of week wrap.... APRIL FN30 _____________________________ FN 4.0 -------->>>>...
  • MBS UPDATE: 45 Minutes Left To Official Close, Tsy's and MBS Stabilizing

    by Matthew Graham on March 27 2009, 2:15 PM
    Still in the green today, but just barely after stocks, tsy's, and MBS all sold off a bit just after 12:30PM EDT. Since then, tsy's reversed their losses around 130pm, stocks about 2pm. MBS traded with tsy's also bottoming just after 130pm...
  • MBS ALERT: REPRICE FOR WORSE POSSIBLE

    by AQ on March 27 2009, 1:12 PM
    If you are considering locking your loans today and have been patiently waiting for investors to pass along intraday MBS gains to your rate sheets....you might want to consider locking in because the stack is selling off!
  • MBS AFTERNOON CHARTS: Who's Hungry?

    by Matthew Graham on March 27 2009, 12:47 PM
    Of course you've already seen one delicious2 day intraday chart, here's a more recent one with the 4% coupon. Yes, there are some lines on that chart. Yellow line on bottom is indicating a series of "higher lows" we've had since...
  • MBS MORNING: It is What It Is

    by AQ on March 27 2009, 11:12 AM
    MBS onward and upward so far this AM. Down in coupon bias at the moment...104/105 handles on fuller coupons are too expensive (absolute terms not relative) for MBS buyers APRIL FN30 _____________________________ FN 4.0 -------->>>> +0-08 to...
  • MBS OPEN: Slow and Steady

    by AQ on March 27 2009, 8:05 AM
    Happy Friday...this week went by fast! Mortgages closed the session in strengthening mode yesterday....we are seeing more of the same this morning. If history holds MBS market participants will be looking to take profits as MBS/TSY spreads tighten. This...
  • MBS UPDATE: Fed Purchases $33.15BN

    by AQ on March 26 2009, 3:20 PM
    Mortgages have given back some of their intraday gains as TSY yields have fallen and MBS/TSY spreads tightened. This is normal behavior and no reason to worry about a change in MBS sentiment....when spreads gap out a few ticks (32nds) buyers will return...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.98%
  • |
  • 15 Yr FRM 3.23%
  • |
  • Jumbo 30 Year Fixed 3.80%
MBS Prices:
  • 30YR FNMA 4.5 108-20 (-0-02)
  • |
  • 30YR FNMA 5.0 111-07 (-0-01)
  • |
  • 30YR FNMA 5.5 113-05 (-0-01)
Recent Housing Data:
  • Mortgage Apps -1.45%
  • |
  • Refinance Index 0.26%
  • |
  • Purchase Index -3.68%