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...
Benchmark Treasury prices and mortgage-backed security prices rallied yesterday. AQ described the inner dynamics of the trade strategy that led to rate improvements READ MORE . In terms of the headline news catalyst for the rally in bond markets, some fixed income friendly verbiage from Federal Reserve...
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...
Levels in the capital markets appeared to have stabilized over the past few months. Treasury yields have remained in a fairly tight range, as have yield spreads for mortgage-backed securities. In particular, MBS yield spreads have remained quite stable since mid-June. The spread of the Fannie Mae current...
Today's Rates 30 Year Fixed: 5.15% -0.06% 15 Year Fixed: 4.39% -0.12% FHA 30 Year Fixed: 5.19% -0.07% Jumbo 30 Year Fixed: 5.64% -0.04% 5/1 ARM 3.84% -0.03% For More Rates, Rate Charts, Housing Data, MBS Quotes : Click here Todays' Reading: Mortgage Rates Move Lower. Discussing FICO Scores (...
Yo. Happy Friday People. All summer we have been preaching that markets have paid no attention to fundamentals. We've been relentlessly relaying that ITS A TRADERS WORLD...technical trading strategies dominate...range bound...waiting for guidance...wait and see....day traders paradise. These are...
Good Morning All. Wake Up West Coast! The Fed didnt offer up much new guidance yesterday. Actually I dont want to say they totally crapped the bed.... they did draw out the end of the TSY purchase program....which turned out to be a net plus for MBS. Overall it was a STATUS QUO statement though. Unfortunately...
Happy Notification Day. We hope you've been around long enough to avoid this joke. If you havent...this chart will probably scare you... BOO!!! OH NO MORTGAGE RATES ARE GOING THROUGH THE ROOF!!! HAHA LMAO.... Im messing with you. Its notification day. Do not fret! _______________________________________________________________________...
It has been yet another slow summer morning so far. Profit taking in stocks carried over from Friday into this morning's session, however equity indices are bouncing off their morning lows, making their way back to flat on the day... The selling sentiment in stocks and oversold nature of TSYs (white...