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  • MBS UPDATE: CREDIT REPORT INCIDENTS ANYONE???

    by AQ on March 17 2009, 3:43 PM
    The stack remains stagnant as the market prepares themselves for any new quantitative easing verbiage from the Federal Reserve tomorrow. It has been a relatively boring day (week) in MBS world. The stack continues to trade in a tight range. A few aggressive...
  • MBS TECHS: Mortgages Holding Up Well Despite Treasury Weakness

    by Matthew Graham on March 17 2009, 1:28 PM
    Here is a 2 day chart of the Fannie 4.5% coupon. A pretty stable day and obviously a bit better than yesterday: Off the lows, but not much momentum to do much else, especially considering treasury yields backing up near 3.0% again on the 10 year. However...
  • MBS ECON: HOUSING DATA

    by AQ on March 17 2009, 10:59 AM
    MBS remains range bound, mortgage rates are slightly lower this morning.... APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-04 to 99-04 from 99-00 FN 4.5 -------->>>> +0-04 to 101-05 from 101-01 FN 5.0 ------...
  • MBS UPDATE: BIDS MOVING HIGHER

    by AQ on March 17 2009, 9:34 AM
    Quick price update while I write morning commentary... MBS is moving higher while the yield curve flattens. The 5yr Treasury price is up 2/32 and the 10 yr Treasury price is up 10 ticks. Stocks opened to the upside after better than expected housing starts...
  • MBS OPEN: HAPPY ST.PATRICK'S DAY

    by AQ on March 17 2009, 8:14 AM
    HAPPY ST.PATRICK'S DAY!!! Mortgages once again were insulated from the exploratory musings of equity markets yesterday. While TSYs sold off and stocks wandered (and wondered) the MBS stack traded in a tight range. MBS spreads vs. TSYs were several...
  • MBS UPDATE: RESILIENT STACK

    by AQ on March 16 2009, 4:02 PM
    MBS continues to prove its resilience to the stock lever as equity indexes have gone negative for the day. APRIL FN30 _______________________________ FN 4.0 -------->>>> -0-03 to 99-01 from 99-04 FN 4.5 -------->>>> -0-02 to 101...
  • MBS UPDATE: HUD TIGHTENS REGS

    by AQ on March 16 2009, 2:23 PM
    MBS remains insulated from the TSY market and stock lever. The stack has traded in a tight range since moving off its early morning intraday lows. APRIL FN30 _______________________________ FN 4.0 -------->>>> -0-04 to 99-00 from 99-04 FN...
  • MBS UPDATE: The Age Of Emotion

    by Matthew Graham on March 16 2009, 12:02 PM
    It's pretty obvious judging by market movements after economic data that the markets are and have been trading on emotion for some time. What else would we expect in panicky and unprecedented times? Thankfully, one of the more stable sectors in the...
  • MBS MORNING: OUTPERFORMING TSYs

    by AQ on March 16 2009, 9:30 AM
    After an early morning lack of activity which led MBS prices lower, the stack is heading in the opposite direction of the steepening yield curve. The current price level of mortgages encourages profit taking and a general lack of interest in available...
  • MBS OPEN: LOOKING FOR A REASON

    by AQ on March 16 2009, 8:19 AM
    Good Morning. At the open the stack is trading down a few ticks. MBS continues to trade in the expensive range and will be looking for a reason to move cheaper. APRIL FN30 _______________________________ FN 4.0 -------->>>> -0- 11 to 98-25...
  • MBS UPDATE: STABLE

    by AQ on March 13 2009, 3:18 PM
    APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-04 to 99-06 from 99-02 FN 4.5 -------->>>> +0-02 to 101-05 from 101-03 FN 5.0 -------->>>> +0-01 to 102-10 from 102-09 FN 5.5 -------->>>>...
  • MBS UPDATE: ILLUSTRATING THE RANGE

    by AQ on March 13 2009, 2:02 PM
    The stack is still improving as we head into 3pm close... APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-06 to 99-08 from 99-02 FN 4.5 -------->>>> +0-03 to 101-06 from 101-03 FN 5.0 -------->>>>...
  • MBS UPDATE: SLIGHTLY BETTER...SLIGHTLY

    by AQ on March 13 2009, 12:55 PM
    MBS has slightly improved while TSY yields have moved a few bps higher. Stock market participants appear to be uncertain on how the government is planning to clean up bank balance sheets. The government appears to be uncertain too... :-) APRIL FN30 ______________________________...
  • MBS MORNING: TAPPED OUT YET???

    by AQ on March 13 2009, 10:49 AM
    Good Morning All. Happy Friday the 13th. MBS is once AGAIN outperforming TSYs this morning. As I noted last night the MBS stack is a bit pricey at the moment. Mortgage investors would gladly welcome a healthy steepening of the yield curve and some sizeable...
  • MBS OPEN: UNDER PRESSURE

    by AQ on March 13 2009, 8:02 AM
    MBS is under pressure at the open....but still outperforming TSYs APRIL FN30 _______________________________ FN 4.0 -------->>>> -0-05 to 98-29 from 99-02 FN 4.5 -------->>>> -0-05 to 100-30 from 101-03 FN 5.0 -------->>>>...
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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%