Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Subscribers
 Email Alerts
Receive an Email Alert each time a story is posted to MBS Commentary.
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
Fed Minutes Today at 2pm EST
Follow the markets live as the Fed Minutes are released at 2pm EST today.
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 MORNING: Morning Gains Lost

    by AQ on March 30 2009, 12:17 PM
    The MBS coupon stack has been subjected to the sentiments of the TSY market this morning. Flight to quality helped push MBS prices higher early in the session, however quarter end balance sheet strengthening tactics have brought about fast money TSY traders...

    by AQ on March 30 2009, 9:42 AM
    MBS is benefiting from a general flight to quality as a generally foul feelings on trading floors has stocks around the world bleeding out optimism after several headline news (Geithner chatter, automaker BKs, and Spanish bank rescues) events combined...
  • MBS OPEN: Strengthening Early On

    by AQ on March 30 2009, 8:30 AM
    MBS opens strong as are spreads mixed and prices are moving higher... APRIL FN30 _____________________________ FN 4.0 -------->>>> +0-05 to 100-14 from 100-09 FN 4.5 -------->>>> +0-05 to 102-02 from 101-29 FN 5.0 -------->>>>...
  • MBS Weekly: Choppy Week Leaves MBS Slightly Better. Next Week Might Be OK Too!

    by Matthew Graham on March 27 2009, 5:52 PM
    Today was not a stellar conclusion for MBS as we fell back to more or less average levels for the week. Here is the entirety of today's action: As you can see, we ended more or less close to the lows of the day. Keep in mind that a lot of that weakness...
  • MBS UPDATE: After All That Commotion....

    by AQ on March 27 2009, 5:05 PM
    After all that mid-day commotion, caused by some post TSY auction/pre-weekend yield curve trade positioning, MBS closed flat on the day. Matt will be posting the end of week wrap.... APRIL FN30 _____________________________ FN 4.0 -------->>>>...
  • MBS UPDATE: 45 Minutes Left To Official Close, Tsy's and MBS Stabilizing

    by Matthew Graham on March 27 2009, 2:15 PM
    Still in the green today, but just barely after stocks, tsy's, and MBS all sold off a bit just after 12:30PM EDT. Since then, tsy's reversed their losses around 130pm, stocks about 2pm. MBS traded with tsy's also bottoming just after 130pm...

    by AQ on March 27 2009, 1:12 PM
    If you are considering locking your loans today and have been patiently waiting for investors to pass along intraday MBS gains to your rate might want to consider locking in because the stack is selling off!

    by Matthew Graham on March 27 2009, 12:47 PM
    Of course you've already seen one delicious2 day intraday chart, here's a more recent one with the 4% coupon. Yes, there are some lines on that chart. Yellow line on bottom is indicating a series of "higher lows" we've had since...
  • MBS MORNING: It is What It Is

    by AQ on March 27 2009, 11:12 AM
    MBS onward and upward so far this AM. Down in coupon bias at the moment...104/105 handles on fuller coupons are too expensive (absolute terms not relative) for MBS buyers APRIL FN30 _____________________________ FN 4.0 -------->>>> +0-08 to...
  • MBS OPEN: Slow and Steady

    by AQ on March 27 2009, 8:05 AM
    Happy Friday...this week went by fast! Mortgages closed the session in strengthening mode yesterday....we are seeing more of the same this morning. If history holds MBS market participants will be looking to take profits as MBS/TSY spreads tighten. This...
  • MBS UPDATE: Fed Purchases $33.15BN

    by AQ on March 26 2009, 3:20 PM
    Mortgages have given back some of their intraday gains as TSY yields have fallen and MBS/TSY spreads tightened. This is normal behavior and no reason to worry about a change in MBS sentiment....when spreads gap out a few ticks (32nds) buyers will return...

    by Matthew Graham on March 26 2009, 1:13 PM
    APRIL FN30 _____________________________ FN 4.0 -------->>>> +0-06 to 100-09 from 100-03 FN 4.5 -------->>>> +0-07 to 101-29 from 101-22 FN 5.0 -------->>>> +0-07 to 102-31 from 102-24 FN 5.5 -------->>>>...
  • MBS UPDATE: Hello Leo, My Old Friend

    by Matthew Graham on March 26 2009, 12:53 PM
    Why not dust off our Fibonacci retracements to see if we can find some support for previous suggestions that, in the midst of the fed-provided stability, MBS is wont to trade in a more technical pattern than normal. Here's a chart using the january...
  • MBS MORNING: Rate Sheet Considerations

    by AQ on March 26 2009, 10:35 AM
    The Federal Reserve was and remains the main source of liquidity for originators looking to find a willing buyer of their pipeline of loans (the loans you locked), although other market participants are beginning to aid the Fed's efforts as they lose...
  • MBS OPEN: Good Morning!

    by AQ on March 26 2009, 8:15 AM
    Good morning Mortgage world.... Mortgages are once again under some selling pressure this morning as TSY yields continued to rise overnight. Yesterday TSY yields reached the highest levels of the week following weak investor demand for 5 year notes. After...
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 4.13%
  • |
  • 15 Yr FRM 3.29%
  • |
  • Jumbo 30 Year Fixed 3.92%
MBS Prices:
  • 30YR FNMA 4.5 108-04 (0-03)
  • |
  • 30YR FNMA 5.0 110-14 (0-00)
  • |
  • 30YR FNMA 5.5 112-12 (0-04)
Recent Housing Data:
  • Mortgage Apps -4.68%
  • |
  • Refinance Index -5.23%
  • |
  • Purchase Index -4.14%