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  • MBS UPDATE: HEADLINE NEWS

    by AQ on February 20 2009, 2:45 PM
    Markets ask....and they receive. US stocks bounced off an 11 year low after the White House released a statement regarding bank nationalization and the Treasury Department announced that next week they would release further details regarding their plan...
  • MBS ALERT: TSY SELLING

    by AQ on February 20 2009, 1:37 PM
    TSYs yields just increased a few bps..with MBS pacing the yield curve this signals possible weakness in MBS bids. We are off the highs of the day. More agressive lenders may reprice for the worse
  • MBS UPDATE: BIDS BETTER...

    by AQ on February 20 2009, 12:27 PM
    MBS continues to follow the lead of TSYs today. TSYs yields are however increasingly outperforming MBS. In the short end of the stack... spreads are now up to 9/10 ticks wider vs. TSYs and 9/10 wider vs. swaps.... This has been the norm of late as investors...
  • MBS MORNING: I LOVE GOOOOOOLD

    by AQ on February 20 2009, 9:50 AM
    MBS money is moving down in coupon this morning. Mortgage rates are slightly better... 1030am marks... FN30__________________________________ FN 4.5 -------->>>> +0-09 to 101-00 from 100-23 FN 5.0 -------->>>> +0-07 to 102-02 from...
  • MBS OPEN: Down in Coupon

    by AQ on February 20 2009, 8:00 AM
    MBS MOVING DOWN IN COUPON AT THE OPEN... TRSYs gained overnight as global stock markets fell and investors ran to the safety and liquidity of the US TREASURY market MBS Spreads are wider to TSYs and to swaps.... 815am marks... . FN30__________________________________...
  • MBS CLOSE: No Soup For You! (and you, and you, and you, and you!)

    by Matthew Graham on February 19 2009, 5:28 PM
    Yes, this is in fact one of those ostensibly depressing "down" days with MBS prices pervaded by red numbers. Here's how we closed out the day: FN30__________________________________ FN 4.5 -------->>>> -0-10 to 100-23 from 101...
  • MBS UPDATE: Getting Some Love Back At The End Of The Day

    by Matthew Graham on February 19 2009, 4:28 PM
    FN30__________________________________ FN 4.5 -------->>>> -0-09 to 100-24 from 101-01 FN 5.0 -------->>>> -0-06 to 101-28 from 102-02 FN 5.5 -------->>>> -0-05 to 102-14 from 102-19 FN 6.0 -------->>>>...
  • MBS UPDATE: Prices Staying Under Pressure

    by Matthew Graham on February 19 2009, 3:52 PM
    3:35pm EST FN30__________________________________ FN 4.5 -------->>>> -0-13 to 100-20 from 101-01 FN 5.0 -------->>>> -0-09 to 101-25 from 102-02 FN 5.5 -------->>>> -0-06 to 102-13 from 102-19 FN 6.0 -------->>>>...
  • MBS UPDATE: FED PURCHASES $19.867BN

    by AQ on February 19 2009, 3:07 PM
    MBS is holding strong while TSY yields rise...spreads are now 3-4 ticks tighter in the short end of the stack. Still slightly wider to swaps though... 310 marks... FN30__________________________________ FN 4.5 -------->>>> -0-07 to 100-26...
  • MBS UPDATE: STABLE FOR NOW

    by AQ on February 19 2009, 2:27 PM
    MBS bids stable, TSYs yields steady, and Equities still searching for optimism.... MBS currently slightly/barely wider to TSYs and 2-3 ticks wider to swaps 220pm marks FN30__________________________________ FN 4.5 -------->>>> -0-06 to 100...
  • MBS MORNING: PATIENCE IS A VIRTUE

    by AQ on February 19 2009, 11:16 AM
    Good Morning MBS world.. Looming Supply of Treasury debt weighs on bond markets this morning. Stocks initially were cheered as " better than expected" jobs data and less than expected "disinflation" data were announced. Since then...
  • MBS ALERT: FOLLOWING TSY YIELDS

    by AQ on February 19 2009, 9:25 AM
    The MBS stack continues to follow TSY selling this morning. The stack is trading at its lows of the day...on the bright side MBS is not doing AS BAD as the yield curve. Spreads are now tighter across the stack with the 5.0 looking the most attractive...
  • MBS OPEN: NEARLY FLAT AS TSYs SELL

    by AQ on February 19 2009, 8:19 AM
    Good Morning. At the open MBS prices are nearly unchanged from yesterday's going out levels. The yield curve is steepening as Treasuries sell into the open. So far MBS are outperforming TSYs all the way into the FN 6.0 coupon (spreads tightening 4...
  • MBS CLOSE: More Predictable Behavior From MBS

    by Matthew Graham on February 18 2009, 4:34 PM
    The MBS market has been predictable of late with UIC (Up in coupon) movements during treasury rallies and "down in coupon" moves during treasury selling. Amid fresh treasury "supply glut" concerns, US treasuries gave back a decent...
  • MBS PRICE UPDATE: Lows of the Day

    by Matthew Graham on February 18 2009, 12:36 PM
    We're following treasuries up in yield here at the end of the day. FN30______________________________ FN 4.5 -------->>>> -0-04 to 101-00 from 101-04 FN 5.0 -------->>>> -0-04 to 102-02 from 102-06 FN 5.5 -------->>>>...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.98%
  • |
  • 15 Yr FRM 3.22%
  • |
  • Jumbo 30 Year Fixed 3.80%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps -1.45%
  • |
  • Refinance Index 0.26%
  • |
  • Purchase Index -3.68%