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  • MBS UPDATE: STUCK IN A RANGE

    by AQ on March 12 2009, 3:04 PM
    MBS continues to trade in a TIGHT range. Several investors have repriced for the better. MBS remains insulated from the stock lever. APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-05 to 99-01 from 98-28 FN 4.5 -------->>>>...
  • MBS UPDATE: STRONG DEMAND FOR LONG BOND

    by AQ on March 12 2009, 1:13 PM
    Following the Treasury Department's successful auctioning of $11bn 30 yr bonds...MBS remains range bound APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-05 to 99-01 from 98-28 FN 4.5 -------->>>> +0-07 to...
  • MBS UPDATE: ECON AND LONG BOND THOUGHTS

    by AQ on March 12 2009, 11:18 AM
    The stack is trading in a tight range as TSY yields in the belly of the curve move marginally lower. MBS is a few ticks wider to TSYs. The TSY will auction off $11bn 30yr bonds at 1pm. Historically..a bid-to-cover around 2.10 would be considered average...
  • MBS UPDATE: RATES BETTER AGAIN

    by AQ on March 12 2009, 10:50 AM
    MBS is performing well this morning. Rate sheets better.... APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-08 to 99-04 from 98-28 FN 4.5 -------->>>> +0-08 to 101-02 from 100-26 FN 5.0 -------->>>>...
  • MBS OPEN: WAITING ON DATA

    by AQ on March 12 2009, 8:14 AM
    Good Morning. Ahead of Jobless Claims and Retail Sales.... APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-05 to 99-01 from 98-28 FN 4.5 -------->>>> +0-05 to 100-31 from 100-26 FN 5.0 -------->>>>...
  • MBS CLOSE: FENCE SITTERS STILL SITTING?

    by AQ on March 11 2009, 5:42 PM
    Mortgage world was busy today!!! Closing Marks... APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-09 to 98-28 from 98-19 FN 4.5 -------->>>> +0-05 to 100-26 from 100-21 FN 5.0 -------->>>> +0-06 to...
  • MBS ALERT: REPRICES FOR BETTER

    by AQ on March 11 2009, 3:46 PM
    Ok you got what you've been waiting for.....several reprices for the better have occurred. YAY!!! APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-09 to 98-28 from 98-19 FN 4.5 -------->>>> +0-07 to 100-28...
  • MBS UPDATE: SLOWLY IMPROVING

    by AQ on March 11 2009, 2:44 PM
    The MBS stack is continuing to build upon its intraday gains. I am sure most of you are at least floating your loans into the end of the day in hopes of a reprice for the better. Treasuries rates took a nosedive following the 10 year note auction...MBS...
  • MBS UPDATE: UST10YR AUCTION REACTIONS

    by AQ on March 11 2009, 1:07 PM
    The Treasury Department successfully auctioned off 18,000,000,000 Ten Year Notes. MBS is steadily improving.... APRIL FN30 _______________________________ FN 4.0 -------->>>> +0-04 to 98-23 from 98-19 FN 4.5 -------->>>> +0-03...
  • MBS MORNING: UP IN COUPON CONCERNS

    by AQ on March 11 2009, 10:45 AM
    While the yield curve steadily steepened and equity indices engorged themselves in a short cover rally yesterday.... MBS quietly kept to itself in its own corner of the market. All in all, considering the run up in TSY rates and augmented supply of newly...
  • MBS OPEN: WHO WILL GIVE IN FIRST?

    by AQ on March 11 2009, 8:13 AM
    Good Morning. Stock Futures are indicating a positive open and TSYs rates are slightly improved. (Who is going to give in first?) MBS is flat. I posted an explanation of "The Roll" last night. LINK Opening Marks... APRIL FN30 _____________________________...
  • MBS CLOSE: EXPLAINING THE ROLL

    by AQ on March 10 2009, 5:52 PM
    MBS patiently outperformed TSYs today while equity market "bottom pickers" placed their bets that the worst of the financial and economic crisis is behind us. MARCH FN30 (LAST DAY) _____________________ FN 4.0 -------->>>> -0-07...
  • MBS UPDATE: QUESTION

    by AQ on March 10 2009, 3:37 PM
    Hmmmmm...site activity is a little slow today so I went back and read through old posts to see if something was amiss. I noticed a considerable lack of street level mortgage talk and considerable surplus of MBS jargon. Have you noticed that too? Currently...
  • MBS UPDATE: 3 YR NOTE AUCTION REACTIONS

    by AQ on March 10 2009, 1:09 PM
    Post 3 year note auction MBS remains stable and range bound. 125 marks.... (Since 5pm yesterday) FN30 ______________________________________ FN 4.0 -------->>>> -0-08 to 98-28 from 99-04 FN 4.5 -------->>>> -0-0 4 to 101-00 from...
  • MBS MORNING: MBS STABLE WHILE SHORTS COVERED

    by AQ on March 10 2009, 10:42 AM
    Yesterday was an uninspired trading session. MBS outperformed the supply weary TSY curve ($63bn this week) while stocks sat stagnant. The Fed continues to provide a steady and supportive bid to the GSE MBS market and overseas accounts remain buyers of...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.98%
  • |
  • 15 Yr FRM 3.22%
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  • Jumbo 30 Year Fixed 3.80%
MBS Prices:
  • 30YR FNMA 4.5 108-20 (-0-02)
  • |
  • 30YR FNMA 5.0 111-07 (-0-01)
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  • 30YR FNMA 5.5 113-05 (-0-01)
Recent Housing Data:
  • Mortgage Apps -1.45%
  • |
  • Refinance Index 0.26%
  • |
  • Purchase Index -3.68%