Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
33,877
# 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: Washington
State Name underscore: Washington
State Name dash: Washington
State Name lower underscore: washington
State Name lower dash: washington
State Name lower: washington
State Abbreviation: WA
State Abbreviation Lower: wa
SECONDARY MARKETING MANAGERS:
Gain access to the most accurate real-time back month TBA indications from Thomson Reuters and Tradeweb. LEARN 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.
  • MBS OPEN: PRICE UPDATE AND A DOWNGRADE

    by AQ on February 27 2009, 8:19 AM
    At the open... FN30 _____________________________________ FN 4.0 -------->>>> - 0-02 to 98-09 from 98-11 FN 4.5 -------->>>> +0-01 to 100-12 from 100-11 FN 5.0 -------->>>> +0-02 to 101-26 from 101-24 FN 5.5 ------...
  • MBS CLOSE: TEARING APART LLPAs

    by AQ on February 26 2009, 7:34 PM
    Hi. From an interested bystanders perspective MBS trading was quite boring and uneventful today. sideways open. stable morning. slow lunch. steady close.....felt like a stalemate after yesterday. 3pm Closing Marks... FN30 _____________________________________...
  • MBS UPDATE: FED BUYS $24.999BN

    by AQ on February 26 2009, 3:22 PM
    ....of the $24.999BN.... 65% was used to purchase 4.5 MBS. The Federal Reserve averaged $4.99bn purchases per day in the five day reporting period. This brings total Fed purchases to $160.33bn ...32% of the allocated $500bn MBS still stable/SLIGHTLY better...
  • MBS UPDATE: HOOO-HUUUUUUUM

    by AQ on February 26 2009, 2:45 PM
    MBS still not moving.... Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the...
  • MBS CORRECTION: WOOPS!

    by AQ on February 26 2009, 2:16 PM
    YIKES!!! I posted the wrong press release on the last blog. I was wondering why there was so much overseas participation in two consecutive auctions!!! Indirect Bid: 39% (that's still above average) I just posted on the comments of another blog that...
  • MBS UPDATE: RANGE BOUND

    by AQ on February 26 2009, 1:03 PM
    Whoa...time flies when youre having fun! I got totally sucked into Barack's Budget. CLICK ON ME to read it The stack has been sideways all day...not much movement either way. Up in coupon remains the bias...pretty boring day thus far for MBS FN30...
  • MBS ECON: NO FUNDAMENTALS

    by AQ on February 26 2009, 10:18 AM
    The MBS stack is flat. Financial stocks are leading equity indexes higher this morning. Morning Econ...dont get too caught up on the fundamental effects of economic data on MBS right now. We already know the economy is bad. What we dont know is how effective...
  • MBS OPEN: PRICE UPDATE

    by AQ on February 26 2009, 8:21 AM
    Opening Marks... FN30 ______________________________________ FN 4.5 -------->>>> -0-04 to 100-07 from 100-11 FN 5.0 -------->>>> -0-03 to 101-20 from 101-23 FN 5.5 -------->>>> -0-01 to 102-11 from 102-12 FN 6.0 --...
  • MBS CLOSE: WHY DID MBS SELL OFF TODAY???

    by AQ on February 25 2009, 6:08 PM
    Closing marks as of 3pm close yesterday... FN30 ______________________________________ FN 4.0 -------->>>> -0-24 to 98-09 from 99-02 FN 4.5 -------->>>> -0-14 to 100-11 from 100-25 FN 5.0 -------->>>> -0-07 to 101-23...
  • MBS ALERT: STILL SELLING

    by AQ on February 25 2009, 3:09 PM
    The Dow continues to rally and TSY positions continue to unwind. If you didnt recieve reprice already.... it is coming
  • MBS UPDATE: CHASING FULLER COUPONS

    by AQ on February 25 2009, 1:18 PM
    UP IN COUPON!!! MBS is following the yield curve steeper. I have noticed some larger than average reprices for the worse occurring...mutter mutter FN30 ______________________________________ FN 4.5 -------->>>> -0-06 to 100-19 from 100-25...
  • MBS MORNING: FEARS COMING TO FRUITION

    by AQ on February 25 2009, 11:16 AM
    I am not going to sugar coat it for you this morning....my fears are coming to fruition. MBS market participants are once again chasing profits in higher yielding mortgage coupons. This signals a clear disregard for prepayment risk and gives me an unsettling...
  • MBS OPEN: SIDEWAYS

    by AQ on February 25 2009, 8:14 AM
    810am marks... FN30 ­­­­­­­_________________________________ FN 4.5 -------->>>> -0-01 to 100-24 from 100-25 FN 5.0 -------->>>> +0-00 to 101-30 from 101-30 FN 5.5 -------->>>> +0-01 to 102...
  • MBS CLOSE: WHAT SAY YOU BARACK?

    by AQ on February 24 2009, 6:24 PM
    Before President Obama takes center stage tonight....Let's recap the objectives of the Homeowner Affordability and Stability Plan and provide some clarity on what we are waiting for... The key components... Affordability : Provide Access to Low-Cost...
  • MBS UPDATE: FOLLOWING TSYs

    by AQ on February 24 2009, 2:52 PM
    The stack remains at the mercy of the speculative stock trading strategies. The Dow is on a rally rampage and US Treasury flight to safety positions are being liquidated. Where TSYs go MBS follows (for now at least). Spreads tighter on TSY selling......
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


 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.73%
  • |
  • 15 Yr FRM 3.03%
  • |
  • Jumbo 30 Year Fixed 3.60%
MBS Prices:
  • 30YR FNMA 4.5 109-03 (0-03)
  • |
  • 30YR FNMA 5.0 111-07 (0-04)
  • |
  • 30YR FNMA 5.5 112-21 (0-02)
Recent Housing Data:
  • Mortgage Apps -1.26%
  • |
  • Refinance Index -2.94%
  • |
  • Purchase Index 1.88%