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  • MBS CLOSE: Fed and Supply Back Off All Week, but One Returns by The End.

    by Matthew Graham on April 16 2009, 4:51 PM
    In the past two weeks, the Fed bought over $30 billion net! That's a pretty substantial injection on the demand side of our MBS equation. But this week, the "love" only totalled $21.8 bln. I'm no mathematician, but that's something...
  • MBS ALERT: Lows Of The Day

    by Matthew Graham on April 16 2009, 1:57 PM
    Treasuries are continuing to get hammered today. Sellers have been much more prevalant today as the impending quarter end assures buyers they can wait until it's time to polish up the balance sheets to do their buying. As has been the standard case...
  • MBS LUNCH: Up and Down Day

    by AQ on April 16 2009, 12:27 PM
    Better than expected earnings from JP Morgan have helped stock traders find short term optimism (or find the right TECH level to cover a short position or re-enter with a new day trading long). The rally in stocks has steepened the thinly traded (another...
  • MBS ALERT: Another Rapid Selloff

    by AQ on April 16 2009, 11:14 AM
    After reaching intraday highs, production MBS coupon prices fell 8 ticks (well 20 min ago to be honest...sorry for the tardiness!!!)...be aware that some lenders will use this as a reason to reprice for the worse. Again, as indicated in MBS OPEN this...
  • MBS OPEN: Supply Picks Up

    by AQ on April 16 2009, 9:14 AM
    Asian markets had mixed reactions to China's release of GDP data overnight. China reported its economy grew at a pace of 6.1% vs. 6.8% in the previous quarter. Analysts were expecting the economy to grow at 6.3%. Although data was "worse than...
  • MBS OP-ED: The Outlook for Mortgage Rates

    by Bill Berliner on April 15 2009, 5:35 PM
    The recent actions of the Federal Reserve have pushed fixed mortgage rates to all-time lows. The Freddie Mac survey rate, a time-honored proxy for consumer rates, recently hit an all-time low of 4.87%, and qualifying borrowers can find sub-5% rates fairly...
  • MBS UPDATE: Were You Locking Loans Today?

    by AQ on April 15 2009, 4:16 PM
    This morning mortgage banks took advantage of high dollar MBS bids (a lot of YSP) and locked in some profits to protect their pipelines from interest rate risk. We're you locking loans today? Today was a good day to lock based off the blend of investor...
  • MBS MID DAY: Turning Positive On The Day

    by Matthew Graham on April 15 2009, 1:12 PM
    For the time being, it looks like the "top is in" for stocks and tsy yields. At least the optimists in us would hope that's the case. The chart illustrates the turn for stocks and bonds, which has allowed MBS to avoid getting pulled lower...
  • MBS UPDATE: Back To The Middle Of The Range.

    by Matthew Graham on April 15 2009, 12:46 PM
    Utter sell-off averted for the time being despite both Treasury yields and stock indeces making like the yodeler from The Price Is Right. All Coupon levels in MBS are 3 ticks down on the day currently, with our benchmark 4.0's at 100-06 and 4.5's...
  • MBS ALERT: NEAR THE LOWS OF THE DAY

    by AQ on April 15 2009, 11:37 AM
    Stocks continue to strengthen and TSY traders have turned bearish. Consequently the yield curve has steepened several bps and rate sheet influential MBS prices have fallen 7 ticks. Aggressive lenders may reprice for the worse.
  • MBS MORNING: Are Rates Going Any Lower?

    by AQ on April 15 2009, 10:20 AM
    Most economic data is out. The Dow and S&P turned positive following stronger than expected manufacturing data from the New York Fed, even though the CPI report indicated consumer prices recorded their first annual decline since 1955 (deflationary...
  • MBS OPEN: Happy Tax Day

    by AQ on April 15 2009, 8:30 AM
    Good Morning. Happy Tax Day. We have an eventful schedule today so lets get started.... In overseas sessions the Nikkei traded to the downside and the Hang Seng made marginal gains. In Europe, equity indices are being led lower by the financial sector...
  • MBS CLOSE: Busy Day Tomorrow...

    by AQ on April 14 2009, 7:25 PM
    MBS traded in a stable upward trend channel all day ( see last post for chart ) . Reprices for the better were reported, but republished rates were not widespread. Treasury yields also moved lower throughout the day as stocks sold off on weak retail sales...
  • MBS AFTERNOON: You are Due!!!

    by AQ on April 14 2009, 3:43 PM
    You getting any reprices for the better yet? You are due.... Since 5pm "Going Out" Marks.... FN30_______________________________ FN 4.0 -------->>>> +0-08 to 100-05 from 99-29 FN 4.5 -------->>>> +0-07 to 102-01 from...
  • MBS LUNCH: Obama Speech Reactions

    by AQ on April 14 2009, 1:04 PM
    Well..overall not much MBS reaction to that speech....President Obama continues to use his rhetorical skill set to lead taxpayers across an economic "doom and gloom" tight rope. In a speech titled "A New Foundation" President Obama...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.02%
  • |
  • 15 Yr FRM 3.21%
  • |
  • Jumbo 30 Year Fixed 3.79%
MBS Prices:
  • 30YR FNMA 4.5 108-11 (-0-02)
  • |
  • 30YR FNMA 5.0 110-19 (-0-00)
  • |
  • 30YR FNMA 5.5 112-09 (-0-06)
Recent Housing Data:
  • Mortgage Apps 0.13%
  • |
  • Refinance Index -0.55%
  • |
  • Purchase Index 0.97%