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MBS Basics:   Part 1  |  Part 2  |  Part 3  |  Part 4  |  The Gut Flop
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  • MBS UPDATE: DONT PANIC

    by AQ on February 12 2009, 11:14 AM
    Let me first say thanks for the participation last night. Now everyone take a deep breath....no need to panic. I was simply stating that MBS is running out of gas much of the way it did a month ago. I will however take this opportunity to further explain...
  • MBS OPEN: FLAT

    by AQ on February 12 2009, 8:37 AM
    840am Marks... FN30_____________________________________ FN 4.5 -------->>>> +0-00 to 101-04 from 101-04 FN 5.0 -------->>>> -0-01 to 102-02 from 102-03 FN 5.5 -------->>>> +0-00 to 102-18 from 102-18 FN 6.0 ------...
  • MBS UPDATE: THINKIN HIGHER RATES

    by AQ on February 11 2009, 6:35 PM
    Hello. Good Afternoon mortgage world and everyone else...MBS were slow to get going in the AM but gradually improved throughout the day. As Treasuries rallied early in the session profit takers were provoked to take some gains and originators hurriedly...
  • MBS ALERT: JUST A SCARE

    by AQ on February 11 2009, 3:12 PM
    MBS bids have stabilized...and even improved a bit. 3:20 Marks.... FN30 __________________________________ FN 4.5 -------->>>> +0-08 to 101-05 from 100-29 FN 5.0 -------->>>> +0-06 to 102-01 from 101-27 FN 5.5 -------->>>>...
  • MBS ALERT: POSSIBLE SELL OFF..PREPARE

    by AQ on February 11 2009, 2:57 PM
    Agreement made on Stimulus Package. Dow rallying, flight to safety may unwind which would be BAD for MBS...will update if sell off ensures. Prepare for locking!
  • MBS UPDATE: AUCTION REACTIONS

    by AQ on February 11 2009, 1:17 PM
    The 10 yr note auction results are in.....until new trends develop one should assume the MBS stack will be more susceptible to selling as spreads tighten. Currently the short end of the stack is wider...5.5s through 6.5s are tighter. 120pm Marks (since...
  • MBS UPDATE: DOING JUST FINE

    by AQ on February 11 2009, 12:25 PM
    The MBS stack has stayed in a tight range all morning. Several investors have passed along gains to rate sheets this morning. Be aware of profit takers. Follow GUT-FLOP!!!! 1215pm Marks... (since 3pm Close) FN30 _________________________ FN 4.5 -----...
  • MBS MORNING: RATES BETTER

    by AQ on February 11 2009, 10:05 AM
    Mortgages are moving down in coupon as the yield curve flattens...rates are lower today. 10am Marks (since 3pm Close)... FN30 _________________________ FN 4.5 -------->>>> +0-06 to 101-03 from 100-29 FN 5.0 -------->>>> +0-04 to...
  • MBS OPEN: Down in Coupon

    by AQ on February 11 2009, 8:25 AM
    Good Morning. We are now watching the March FN Coupons. We are still however watching the February GN coupons. The yield curve continues to flatten, spreads are unchanged in thinner coupons and slightly wider on the fuller side of the stack (5.5s through...
  • MBS UPDATE: MORE MANIPULATING???

    by AQ on February 10 2009, 6:18 PM
    Mortgage rates improved today, profit takers did however trim in gains towards the end of the session. 5pm Marks...change since 5pm yesterday FN30 ___________________________________ FN 4.5 -------->>>> +0-10 to 101-10 from 101-00 FN 5.0 ...
  • MBS CLOSE: In the Green...Spreads Gap in Thinner Coupons

    by AQ on February 10 2009, 3:00 PM
    Since 3pm close yesterday.... FN30 _________________________ FN 4.5 -------->>>> +0-17 to 101-06 from 100-21 FN 5.0 -------->>>> +0-16 to 102-07 from 101-23 FN 5.5 -------->>>> +0-09 to 102-18 from 102-09 FN 6.0 --...
  • MBS UPDATE: BENNY BOY'S STATEMENT AND MORE...

    by AQ on February 10 2009, 1:22 PM
    MBS continue to improve on above average volume...the yield curve is flattening and TSYs are outperforming MBS (wider spreads). Early in the session originators sold supply of MBS to the TBA market. This goes back to last week when we said we expected...
  • MBS UPDATE: POST SPEECH REACTIONS

    by AQ on February 10 2009, 11:40 AM
    Here is the text of Treasury Secretary Geithner's Speech.... CLICK ON ME TO READ MARKET REACTION: WE NEED MORE DETAILS!!!!! MBS stack is status quo, TSYs continue to outperform...beware of profit takers but for now not much change in MBS world FN30...
  • MBS ALERT: FED PREPARED TO EXPAND TALF TO $1 TRILLION

    by AQ on February 10 2009, 11:08 AM
    Multi-tasking...will comment on when dust settles...
  • MBS MORNING: WHAT TO EXPECT

    by AQ on February 10 2009, 10:25 AM
    First and foremost. We are rallying ahead of Tim Geithner's 11am speech...but are off intraday highs. 1030 Marks... since 5pm FN30 _________________________ GN30 ______________________ FN 4.5 -------->>>> +0-00 to 101-00 GN 4.5 ------...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.79%
  • |
  • 15 Yr FRM 3.08%
  • |
  • Jumbo 30 Year Fixed 3.67%
MBS Prices:
  • 30YR FNMA 4.5 108-28 (0-03)
  • |
  • 30YR FNMA 5.0 111-03 (-0-00)
  • |
  • 30YR FNMA 5.5 112-17 (0-01)
Recent Housing Data:
  • Mortgage Apps -1.26%
  • |
  • Refinance Index -2.94%
  • |
  • Purchase Index 1.88%