Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,829
# of Questions Answered
Subscribe
 Email Alerts
Receive an Email Alert each time a story is posted to MBS Commentary.
-
 RSS
Bottom Right Default
State Name: Washington
State Name underscore: Washington
State Name dash: Washington
State Name lower underscore: washington
State Name lower dash: washington
State Name lower: washington
State Abbreviation: WA
State Abbreviation Lower: wa
SECONDARY MARKETING MANAGERS:
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
  • up to the minute2.........

    by Matthew Graham on March 18 2008, 6:26 PM
    10 year continuing to hold average levels. DOW moving down again. MBS ticked all the way down to 101-03 and is moving back up currently at 101-05.
  • Up to the minute...

    by Matthew Graham on March 18 2008, 6:21 PM
    10 yr UST continues to worsen. MBS's took a nose dive and are back to 101-10 Stocks rebounded to 12230's. no firm direction yet.
  • .75 point cut

    by Matthew Graham on March 18 2008, 6:16 PM
    some wording about inflation concerns. bonds are trying to figure out which way to go currently. Looks like it will be down in price and up in rate. This could change in 5 minutes though. Dow is tanking. rates may not get much love. 10 year UST has ticked...
  • The Gathering Storm

    by Matthew Graham on March 18 2008, 5:52 PM
    If you are watching the 10 year treasury today, you might have your head in the sand. MBS's have been steadily improving into this afternoon, with the 5.5% coupon at 101-15. Doesn't seem likely that lenders will reprice before big ben talks, so that raises...
  • Lots of Headlines, Little Change

    by Matthew Graham on March 18 2008, 1:10 PM
    We ended the day strong yesterday despite a late afternoon hump as the Dow decided to sell-off a bit and more Dealers jumped on the MBS bandwagon. The move higher was actually fairly pronounced in light of the data from the rest of the day. As such, we...
  • Morning Numbers

    by Matthew Graham on March 18 2008, 1:06 PM
    MBS Price Data Price Change FNMA 5.0 99-22 -0-10 FNMA 5.5 101-12 -0-05 FNMA 6.0 102-20 -0-10 FNMA 6.5 103-28 -0-07
  • Ok, get back in the water

    by Matthew Graham on March 17 2008, 8:54 PM
    A late day surge brought 5.5% coupons as close to 102-00 as they've been in quite a while. Float with the gains and let's see what tomorrow brings...
  • Graph and Comment

    by Matthew Graham on March 17 2008, 7:58 PM
    As you can see in the above chart, we have leveled off and even lost a bit in our upwards surge today. Highs dinged at about 101-14 and we are currently trading around 101-09 on the 5.5% coupon. Historically, we've broken through a ceiling, see below...
  • Prices Off Their Highs a Bit

    by Matthew Graham on March 17 2008, 7:47 PM
    Graph and Comment to Follow. The Ultra-Conservative play is to lock if you just got a price improvement (and I know some of you did). That particular lender's rate sheet has a significant amount of the market's gains priced in. And as it was released...
  • Be Careful....

    by Matthew Graham on March 17 2008, 5:17 PM
    MBS are shooting up nicely today. Lenders won't price all the gains into their sheets until the gains hold for a bit. Nonetheless we might see some very aggressive reprices very soon. Given the volatility of the market, although my general sentiment leans...
  • Keep Your Water Wings On

    by Matthew Graham on March 17 2008, 3:27 PM
    We'll be floating, at least for a while as it's up, up, and away for MBS. MBS Price Data Price Change FNMA 5.0 98-26 +1-03 FNMA 5.5 100-27 +0-27 FNMA 6.0 102-11 +0-20 FNMA 6.5 103-19 +0-11
  • What A Weekend!

    by Matthew Graham on March 17 2008, 12:49 PM
    MBS Price Data Price Change FNMA 5.0 98-12 /13 +0-24 FNMA 5.5 100-18 /19 +0-19 FNMA 6.0 102-06 /06 +0-16 FNMA 6.5 103-14 /16 +0-07 You might not be able to ask for a more action packed weekend for the financial markets: - Chase buys Bear Stearns for ...
  • Bonds Sliding Again

    by Matthew Graham on March 14 2008, 7:26 PM
    Now staying under 100-00 on the 5.5% coupon. If you haven't locked yet, now may be the time as additional reprices for the worse are potential.
  • What about mid to long term?

    by Matthew Graham on March 14 2008, 5:32 PM
    The caveat on this: Consider this speculative opinion. In other words, don't make lock/float decisions based on this commentary. I'm just sharing my take on Bernanke's recent speech. I'm liking our prospects for mid to long term rates because from an...
  • Too Shakey!

    by Matthew Graham on March 14 2008, 3:36 PM
    Floating can still pay off for risk takers, but locking now would take this volatility risk out of the market. For 3 seconds, we ticked below 100-00. If we dip there again, price worsening is likely. Moreover, unless we tick up appreciably, additional...
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 3.68%
  • |
  • 15 Yr FRM 2.84%
  • |
  • Jumbo 30 Year Fixed 3.77%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (-0-06)
  • |
  • 30YR FNMA 5.0 107-29 (-0-04)
  • |
  • 30YR FNMA 5.5 108-15 (-0-03)
Recent Housing Data:
  • NAHB Builder Confidence 4.76%
  • |
  • Mortgage Apps 1.81%
  • |
  • Refinance Index 2.80%