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  • 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 _______________________________...
  • MBS MORNING: ILLUSTRATING THE BIAS

    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 -------->>>> ...
  • MBS ALERT: STACK MOVING LOWER

    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...
  • MBS CLOSE: PREPARING OURSELVES

    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.
  • MBS LUNCH: OVERHEAD RESISTANCE

    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 _______________________________...
  • MBS MORNING: Month End for Mortgage World

    by AQ on March 31 2009, 10:35 AM
    The TBA MBS market is quiet as we close out the month and Q1 2009. It appears all positions have been taken and balance sheets adequately "dressed up" (prepared) for quarterly review. Change Since 3pm Closing Marks... FN30 _______________________________...
  • MBS OPEN: Generally Flat Early On

    by AQ on March 31 2009, 8:25 AM
    Good Morning rate watchers. After a pessimistic trading session yesterday, stock futures indicate that equity traders are poised to push prices higher at the open. MBS will be under selling pressure early in the session as TSY yields traded higher overnight...
  • MBS UPDATE: IMPROVED FROM FRIDAY

    by AQ on March 30 2009, 5:02 PM
    5pm Marks.... FN30 _______________________________ FN 4.0 -------->>>> +0-07 to 100-16 from 100-09 FN 4.5 -------->>>> +0-05 to 102-01 from 101-29 FN 5.0 -------->>>> +0-04 to 103-02 from 102-30 FN 5.5 -------->>>>...
  • MBS UPDATE: 2pm Prices

    by Matthew Graham on March 30 2009, 2:07 PM
    We've gained a bit back. Treasuries are recovering as well which should provide some support. Here are intraday ticks FN30 _______________________________ FN 4.0 -------->>>> +0-08 to 100-17 from 100-09 FN 4.5 -------->>>>...
  • 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...
  • MBS UPDATE: FIXED INCOME LOVING THE LEVER

    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...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.97%
  • |
  • 15 Yr FRM 3.20%
  • |
  • Jumbo 30 Year Fixed 3.75%
MBS Prices:
  • 30YR FNMA 4.5 108-16 (0-07)
  • |
  • 30YR FNMA 5.0 110-19 (0-01)
  • |
  • 30YR FNMA 5.5 112-09 (0-00)
Recent Housing Data:
  • Mortgage Apps 0.13%
  • |
  • Refinance Index -0.55%
  • |
  • Purchase Index 0.97%