Last week ended basically where it began with prices of mortgage backed securities moving sideways near record highs and mortgage rates holding steady near six month lows. MBS traded in a very narrowing range as the week progressed which allowed lenders to publish base 30 year conventional mortgage rates...
Following a somewhat disappointing 30 year bond auction yesterday, prices of mortgage backed securities plummeted and mortgage rates moved higher as lenders repriced for the worse. The economic calendar, like the previous four days of the week, is light today with only one report being released, International...
Mortgage rates moved considerably higher following another sell off in the mortgage-backed securities market yesterday. Since Monday, current coupon MBS prices have moved 200 basis points lower, consequently pushing the par 30 year fixed mortgage rate from 4.875% to 5.375% (in one week!!!). Prior to...
Yesterday mortgage-backed securities had their least volatile day since last week's " Black Wednesday " event. MBS traded in a tight range most of the session, closing slightly higher than the previous day's "going out" marks. With all the volatility recently, I have to say...
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 -------->>>> -0-01 to 103-24 from 103-25 FN 6.0 -------->>>>...
NOTE: Follow Mortgage Rates with our Daily Rate Commentary Homeowners may soon enjoy mortgage rates as low as 4.5 percent if the Treasury Department has its way. According to The Wall Street Journal 's on-line addition late Wednesday, the department is discussing a plan that would use Freddie Mac...
While more risk averse fixed income securities received a continued flight to safety bid today, the MBS coupon stack was subjected to an influx of available supply due to originator's decisions to sell sell sell. Mortgages were outperformed by Treasuries, Agency Debt, and Swaps as market participants...
[Part 1] [Part 2] [Part 3] [Part 4] [ Return to the blog ] A couple final thoughts... Lenders release rates at different times. They have different mentalities when it comes to pricing. I comment on MBS, not on particular lenders. What your lender does can vary greatly from what is available them on...
[Part 1] [Part 2] [Part 3] [Part 4] [ Return to the blog ] We just said that investors are paying 102% of the face value of a bond in certain cases right? So what happens if they are not interested at that price any more? No more liquidity for the mortgage market. So how do you combat this? In a nutshell...
[Part 1] [Part 2] [Part 3] [Part 4] [ Return to the blog ] Deciphering the Greek Now that there are graphs and MBS prices posted periodically, we've received numerous questions about the significance of the data. This is intended to be a brief companion to the daily mortgage rate analysis that will...