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    by AQ on April 02 2009, 11:13 AM
    Treasury yields continue to push higher as global investors reinvest funds into equity markets. MBS is consequently following the lead of its benchmark big brother and selling off. Although it is early in the session and many investors have just release...
  • MBS UPDATE: In a World of Our Own

    by AQ on April 02 2009, 9:42 AM
    Stock markets have opened up with a great deal of optimism after US accounting policymakers agreed to relax mark to market accounting rules. Many investors view today's FASB decisions as an indication that stock markets have hit bottom and a recovery...
  • MBS OPEN: Some Welcomed Selling

    by AQ on April 02 2009, 8:17 AM
    MBS opens in the red as TSY yields pushed higher overnight. The Financial Accounting Standards Board's meeting on "mark to market" is underway. Mortgage buyers are welcoming the opportunity to allow MBS dollar prices (as opposed to relative...
  • MBS OP-ED: FASB, Quarter End, Dying Mortgage Products

    by Bill Berliner on April 01 2009, 5:37 PM
    Before beginning, I’ll point out that everything in this column is true and accurate; I’m not a fan of playing tricks on loyal readers. However, I think it’s appropriate to share one of my favorite aphorisms for the day, a quote from...

    by AQ on April 01 2009, 5:10 PM
    5pm "Going Out" Marks... FN30 _______________________________ FN 4.0 -------->>>> -0-02 to 100-16 from 100-18 FN 4.5 -------->>>> -0-01 to 102-04 from 102-05 FN 5.0 -------->>>> - 0-01 to 103-05 from 103-06...
  • MBS UPDATE: Tight Range Holding

    by AQ on April 01 2009, 3:41 PM
    Tight trading range is holding on this first day of Q2 banker selling has steadily increased throughout the day. Originators locking in pipeline profits are doing so at MBS price highs which implies lenders will have the ability to pass...
  • MBS LUNCH: Guideline Reminders

    by AQ on April 01 2009, 1:17 PM
    Not too much to report from the MBS market. Mortgage coupons have traded in a tight range while the stack battles short term technical resistance levels that could be considered long term "too expensive "psychological price points. FN30 _______________________________...

    by AQ on April 01 2009, 11:14 AM
    FN30 _______________________________ FN 4.0 -------->>>> -0-04 to 100-14 from 100-18 FN 4.5 -------->>>> -0-03 to 102-02 from 102-05 FN 5.0 -------->>>> - 0-02 to 103-04 from 103-06 FN 5.5 -------->>>> ...

    by AQ on April 01 2009, 10:07 AM
    MBS coupon bids have fallen a few ticks as TSY yields have risen (and spreads tightened). Cheaper MBS prices have not lasted long recently...following sell offs MBS investors have been quick to raise the bid price on dollar price cheapening. An aggressively...
  • MBS OPEN: New Month New Quarter

    by AQ on April 01 2009, 8:01 AM
    The Economic Crisis is Over..... Happy April Fool's Day Stocks and Bonds were both in rally mode as we closed out the month and the first quarter yesterday. Bond markets benefited from investor fears that falling home prices coupled with weak consumer...

    by AQ on March 31 2009, 7:01 PM
    3pm Closing Marks.... FN30 _______________________________ FN 4.0 -------->>>> +0-00 to 100-17 from 100-17 FN 4.5 -------->>>> +0-01 to 102-04 from 102-03 FN 5.0 -------->>>> +0-02 to 103-05 from 103-03 FN 5.5 ----...
  • MBS UPDATE: Consolidated and Re-Testing

    by AQ on March 31 2009, 2:59 PM
    MBS has consolidated its gains and recovered from intraday lows. At these price levels one would expect originators to be making some delivery commitments (lock in loans), however month end/quarter end balance sheet positioning and the generally apathy...
  • MBS ALERT Part 2: Potential Recovery

    by Matthew Graham on March 31 2009, 12:48 PM
    Choppy trading has been the norm, but this recovery may help mitigate reprice risk. No telling where we'll be five minutes from now though...
  • MBS ALERT: Flirting with Lows Of The Day

    by Matthew Graham on March 31 2009, 12:42 PM
    tsy's and mbs both under pressure at the moment. Not the lows of the day, but certainly lows of recent range. There is a moderate risk that this will prompt some lenders to reprice for the worse.

    by AQ on March 31 2009, 11:59 AM
    MBS has given way to short term technical resistance. The stack was unable to crest yesterday's intraday price highs after profit takers emerged when MBS prices were deemed too expensive (in dollar terms) Change Since 3pm Closing Marks... FN30 _______________________________...
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Mortgage Rates:
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  • 15 Yr FRM 3.21%
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  • Jumbo 30 Year Fixed 3.79%
MBS Prices:
Recent Housing Data:
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  • Refinance Index -0.55%
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  • Purchase Index 0.97%