Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
28,899
# of Forum Posts
Subscribe
 Email Alerts
Receive an Email Alert each time a story is posted to MBS Commentary.
-
 RSS
Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj
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 UPDATE: Real Money Profit Takers

    by AQ on January 07 2009, 8:51 AM
    Early in the Session real money profit takers are selling...no Federal Reserve has been reported yet Fn 4.0-> -0-07 to 101-04 Fn 4.5-> -0-06+ to 102-12 Fn 5.0-> -0-11+ to 102-31 Fn 5.5-> -0-11 to 103-09 Fn 6.0-> -0-08 to 103-22 SHORT SHORT...
  • MBS OPEN: MBS OPEN

    by AQ on January 07 2009, 8:22 AM
    At the open... Fn 4.0-> -0-05+ to 101-05+ Fn 4.5-> +0-01+ to 102-19+ Fn 5.0-> -0-05 to 103-05+ Fn 5.5-> -0-03 to 103-17 Fn 6.0-> -0-01+ to 103-28
  • MBS CLOSE: Two Different Worlds

    by AQ on January 06 2009, 5:52 PM
    The foundation for 4.00% rates is being formed by MBS market participants... Fn 4.0-> +1-07+ to 101-11 Fn 4.5-> +1-01+ to 102-18 Fn 5.0-> +0-27 to 103-10+ Fn 5.5-> +0-26+ to 103-20 Fn 6.0-> +0-18 to 103-30 Look at those bullish trends....
  • MBS UPDATE: FOMC MINUTES OUT

    by AQ on January 06 2009, 2:08 PM
    Seeing some profit taking but we dont believe the selling has anything to do with the FOMC minutes... Fn 4.0-> +0-26+ to 100-30 Fn 4.5-> +0-26+ to 102-10 Fn 5.0-> +0-18 to 103-01+ Fn 5.5-> +0-19 to 103-12+ Fn 6.0-> +0-12 to 103-24 We have...
  • MBS UPDATE: Waiting on Reprices

    by AQ on January 06 2009, 1:47 PM
    After "sittin sideways" through the lunch hour...the rally as resumed. At this point we are expecting re-prices for the better, however in this brave new MBS world we are skeptical of lender's willingness/ability to participate in the "down...
  • MBS UPDATE: ASCENDING THE MOUNTAIN

    by AQ on January 06 2009, 11:41 AM
    Here is a snapshot of the stack... Fn 4.0-> +0-21+ to 100-24 Fn 4.5-> +0-22+ to 102-06+ Fn 5.0-> +0-18+ to 103-02 Fn 5.5-> +0-20 to 103-13+ Fn 6.0-> +0-12 to 103-24 The feverish pace has slowed to a sizzle but we are nonetheless drastically...
  • MBS ECON: Feverish "Down in Coupon" Pace

    by AQ on January 06 2009, 10:01 AM
    The NAR Pending Home Sales Index came in at 82.3, down 4.0% from October. This reading was weaker than even the worst of expectations and was the worst reading since EVER. The NAR blames "job losses and very weak consumer confidence". Factory...
  • MBS Morning: More Down in Coupon

    by AQ on January 06 2009, 8:50 AM
    Good Morning. It's a down in coupon day again.... Fn 4.0-> +0-12+ to 100-16 Fn 4.5-> +0-12+ to 101-29 Fn 5.0-> +0-09 to 102-24+ Fn 5.5-> +0-08+ to 103-02 Fn 6.0-> +0-06 to 103-18 There is word of real money buying this morning, no confirmation...
  • MBS Open: Split Stack

    by AQ on January 06 2009, 8:06 AM
    At the open.... Fn 4.0-> +0-00+ to 100-03+ Fn 4.5-> +0-03+ to 101-19+ Fn 5.0-> +0-00+ to 102-15 Fn 5.5-> +0-04+ to 102-30 Fn 6.0-> +0-02+ to 103-14+
  • MBS Update: Calling All Mortgage Professionals

    by AQ on January 05 2009, 10:38 PM
    DOWN IN COUPON IS THE THEME So the Fed is buying. I guess Hank and Ben are friends of MBS again. For now at least that is.... COUPON STACK (after close trades included) Fn 4.0-> +0-23+ to 100-03+ Fn 4.5-> +0-15+ to 101-16+ Fn 5.0-> +0-18 to 102...
  • MBS Update: Progressively More Positive

    by AQ on January 05 2009, 3:45 PM
    After a brief selloff, the 4.5 continued its slow climb but has since failed its first test of the intraday high of 101-19, this short term ceiling appears to be holding strong at this point. The 4.5 has sold off a bit since but, once again, this is nothing...
  • Monday 1/5...MBS back in the Triangle

    by Victor Burek on January 05 2009, 2:02 PM
    After a brief sell off, the 4.5's have managed to get back into the previously drawn triangle right at the interesection. Currently at 101-16 which is up 14 tick on the day. Risk of reprice to the worse are all but vanished.
  • MBS AFTERNOON: Below the triangle

    by Matthew Graham on January 05 2009, 2:09 PM
    Lenders that priced aggressively today may consider an eighth reprice for the worse. Yet others may still owe you a reprice for the better. So only those most sensitive of deals should consider locking. We've now seen just how powerful the impact...
  • MBS Update: Breaking Out

    by AQ on January 05 2009, 1:52 PM
    The 4.5 is breaking out of our intraday triangle....unfortunately to the downside. We dont see reprices for the worse at this point....just be aware the bid has gone sideways with a bias towards selling. If the bid continues to worsen we will post reprice...
  • MBS Morning: Exorcise the Demons!!!

    by AQ on January 05 2009, 11:10 AM
    Ok everyone get a good stretch, shake off the holiday haze and get back to your desk...vacation is over...the new year brings rejuvenated hopes for the beginning of the end....MORTGAGES TO THE RESCUE!!! The speculation that has slanted our outlook towards...
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 3.92%
  • |
  • 15 Yr FRM 3.12%
  • |
  • Jumbo 30 Year Fixed 3.76%
MBS Prices:
  • 30YR FNMA 4.5 108-21 (0-00)
  • |
  • 30YR FNMA 5.0 110-29 (0-00)
  • |
  • 30YR FNMA 5.5 111-30 (0-02)
Recent Housing Data:
  • Mortgage Apps 4.93%
  • |
  • Refinance Index 0.90%
  • |
  • FHFA Home Price Index 0.67%