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  • Dropping Again,

    by Matthew Graham on May 01 2008, 4:46 PM
    Fairly Sharp Drop bringing 5.5% coupon to 100-22. Reprice for the worse potential, but again, probably only an eighth
  • UP/Down,

    by Matthew Graham on May 01 2008, 2:44 PM
    MBS is falling again. We're only down an eight off the highs, but nonetheless, this may prompt some lenders to take that eighth away from you if they already released rates this morning. Personally, I would give up this eighth (if it even happens) in...
  • For those of you that were nervous

    by Matthew Graham on May 01 2008, 2:24 PM
    The selling was only brief and we are now halfway back up to the highs of the day at 100-28, after briefly touching 100-26.
  • Are you Still On Board?

    by Matthew Graham on May 01 2008, 1:14 PM
    Those of us who remained on the float boat overnight are certainly enjoying the waters this morning. Momentum from yesterday combined with today's economic data is helping MBS to improve even farther. The 5.5% coupon is currently at 100-28, which is 13...
  • Still Good

    by Matthew Graham on April 30 2008, 7:33 PM
    Holding at 11/32nds improved on the day. Price improvements will come late today. The question is whether you should take those rates or wait for employment numbers on Friday. If you think the economic data will be weaker than expectations, floating is...
  • Here Comes The Sun...

    by Matthew Graham on April 30 2008, 7:07 PM
    100-18 on the 5.5% now which is 12/32nds up on the day.
  • still strong

    by Matthew Graham on April 30 2008, 7:01 PM
    5.5% coupon better by 11/32nds. 100-17
  • Now We're Rolling

    by Matthew Graham on April 30 2008, 6:51 PM
    Now we just touched 9/32nds improvement on the day, with the 5.5% coupon at 100-15. We would only have to hold this gain for a short time to see rate improvements (although lenders may be slow to release them).
  • Improving

    by Matthew Graham on April 30 2008, 6:49 PM
    We've now touched 100-12 on the 5.5% coupon which is the best it's been since early this morning. If we hold these levels, even for a little while, we may now begin to see improvements, but we'd have to hold steady at these levels.
  • Givething and Takething

    by Matthew Graham on April 30 2008, 6:29 PM
    the 4/32nds we got is gone again (for now). Certainly not time to think about locking yet, but still no improvements likely. The probable result of today's action is that we are going to see the big market movements in the next two days. FYI, 10 year...
  • Yawn...

    by Matthew Graham on April 30 2008, 6:25 PM
    The mighty maelstrom for which we had prepared is certainly proving to be a mild breeze. MBS back on the positive side to the tune of 3/32nds. Yet again, this is not enough for a reprice for the better. Fire up the BBQ, call up the track about that tee...
  • How Boring...

    by Matthew Graham on April 30 2008, 6:20 PM
    Still holding Steady! I suppose the boilerplate verbiage hasn't inspired buyers or sellers to take more action than the other. We have picked up about 4/32nds in the last 3 minutes, but it's far too soon to expect a reprice for the better. Whatever the...
  • Still holding steady

    by Matthew Graham on April 30 2008, 6:19 PM
    Very heavy trading, with 5/32nd swings taking place from second to second, however, it has not ticked down more that 1/32nd for more than 5 seconds. Stay on target...
  • .25 point cut - more of the same verbiage

    by Matthew Graham on April 30 2008, 6:16 PM
    expects inflation to moderate, but there is uncertainty. past monetary policy actions should help to foster moderate growth over time MBS is holding dead even currently day over day in very heavy trading.
  • Just to be aware as we move forward

    by Matthew Graham on April 30 2008, 6:09 PM
    If all else fails, or if there is some problem with either your or my internet connection, 10 year treasuries have been tracking well with MBS recently. This is no guarantee that they will after the FOMC announcement, but if, for whatever reason you don...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.57%
  • |
  • 15 Yr FRM 3.92%
  • |
  • Jumbo 30 Year Fixed 4.58%
MBS Prices:
  • 30YR FNMA 4.5 104-13 (0-01)
  • |
  • 30YR FNMA 5.0 106-18 (-0-01)
  • |
  • 30YR FNMA 5.5 108-15 (-0-02)
Recent Housing Data:
  • Mortgage Apps -1.15%
  • |
  • Refinance Index -2.64%
  • |
  • Purchase Index 5.06%