Tue, Dec 1 2009, 12:15 PM
The 10yr TSY note is now testing 3.26 and "rate sheet influential" prices just hit a new intraday low.We have already seen a few reprices for the wor...
Tue, Dec 1 2009, 11:18 AM
Tue, Dec 1 2009, 10:31 AM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7 percent to 114.1 from 110.0 in September...
Tue, Dec 1 2009, 10:01 AM
Construction spending in October was estimated at a seasonally adjusted annual rate of $910.8 billion, nearly the same as the sharply revised for the ...
Tue, Dec 1 2009, 8:21 AM
As of 7:15, equities are firmly higher. The Dow looks to open 76 points higher at 10,410 while futures on the S&P 500 are up 8.75 points to 1,104. Spo...
Tue, Dec 1 2009, 3:11 PM
Mortgages are finding it difficult to maintain support as th 10yr tests the all important 3.27% pivot point. The long end of the yield curve is taking...
Mon, Nov 30 2009, 12:52 PM
Early reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage is holding in the 4.50% to 4.75% range for well q...
Mon, Nov 30 2009, 12:29 PM
The Federal Housing Administration is moving to reduce risks to its single-family insurance fund. Today it introduced proposed new rules that include...
Mon, Nov 30 2009, 11:46 AM
The FN 4.0 is -0-01 at 100-09 yielding 3.98% and the FN 4.5 is currently +0-00 at 102-16 yielding 4.198%. The secondary mortgage market current coupon...
Mon, Nov 30 2009, 9:38 AM
Deutsche Bank & BNP Paribas vs. BofA; Dubai's woes help our rates; FHA & Fannie chatter
Mon, Nov 30 2009, 8:40 AM
Mon, Nov 30 2009, 8:37 AM
Across the board investors are worried. Equities are down, Treasuries are soft, crude oil is flat, the dollar is weaker and even gold is in sell-off.
...
Mon, Nov 30 2009, 5:08 PM
Mon, Nov 30 2009, 2:38 PM
The Treasury Department is reportedly going to announce plans to move more aggressively against servicers and lenders who fail to move borrowers out o...
Mon, Nov 30 2009, 2:32 PM
Fri, Nov 27 2009, 11:15 AM
The big news this morning comes out of Dubai, which announced they were not going to be able to honor their debt repayment schedule. They are asking ...
Fri, Nov 27 2009, 10:53 AM
Fri, Nov 27 2009, 8:59 AM
he bond market is benefiting from a flight to safety rally after Dubai's Supreme Fiscal Committee announced they would ask creditors of Dubai World, t...
Fri, Nov 27 2009, 3:38 PM
Lenders will find it more and more difficult to offload loan paper originated below 4.50%. The volatile duration of 4.0 MBS coupons adds an extra help...
Wed, Nov 25 2009, 11:52 AM
Sales of new single family houses rose 6.2% to a rate of 430,000 annual transactions, much better than the market's expectation for 410,000 annual sal...
Wed, Nov 25 2009, 11:16 AM
In the week ending November 20, 2009, new loan application activity decreased 4.5% as the Refinance Index fell 9.5% from the previous week. Offsettin...
Wed, Nov 25 2009, 11:08 AM
Fannie Mae's activity slowed during October according to data released on Tuesday. Delinquencies, however, continue to rise in all categories and hav...
Wed, Nov 25 2009, 10:39 AM
As has been very much the custom recently, Tsy's are having in "inside day" so far as ranges narrow into ready position before important data. If you...
Wed, Nov 25 2009, 10:04 AM
Wed, Nov 25 2009, 9:58 AM
Working Twice as Hard for Half as Much; FOMC update; HAMP MBS Pools; Multifamily Lending
Wed, Nov 25 2009, 9:30 AM
The FN 4.0 is +0-04 at 99-31 and the FN 4.5 is +0-04 at 102-12. I dont have to do much with my spreadsheet to figure out the current coupon. The FN 4....
Wed, Nov 25 2009, 8:09 AM
Two hours before the opening bell and one hour before three major data points hit the markets, stocks are looking to recovery from yesterday’s modest ...
Wed, Nov 25 2009, 5:30 PM
Wed, Nov 25 2009, 3:37 PM
Last week the 10yr TSY note bounced around between 3.32% and 3.37%. Early on this week, that range was broken as 10yr note yields tested 3.42%. Howeve...
Wed, Nov 25 2009, 1:04 PM
The initial reaction to the auction results has been positive, "rate sheet influential" MBS prices are higher. We wouldn't be doing our job if we didn...
Wed, Nov 25 2009, 1:02 PM
Rates rallied yesterday following a strong 5 year note auction. This helped pave the way for higher MBS prices and lower mortgage rates. By day's end ...
Tue, Nov 24 2009, 10:51 AM
U.S. home prices, as measured by the 20 city index rose by 0.3% on a month over month basis, less than the anticipated 0.8% gain. The 10-city index r...
Tue, Nov 24 2009, 10:32 AM
Reports from fellow mortgage professionals indicate rate sheets to be marginally improved this morning. The par 30 year conventional rate mortgage ha...
Tue, Nov 24 2009, 10:30 AM
After a concentrated blast of econ data this AM, the calendar is on break until the 5yr note auction at 1pm. Sure, there is a 4 week bill auction at ...
Tue, Nov 24 2009, 10:15 AM
Mortgage modification divisions hiring; Large number of investor updates - why during a holiday week?
Tue, Nov 24 2009, 9:00 AM
After the release of the data, 10yr note yields are a few bps higher...but holding the overnight gains that pushed yields back into last week's range....
Tue, Nov 24 2009, 8:15 AM
With stocks falling across Asia ― the Nikkei closed down 1%, the Hang Seng lost 1.5%, and China’s CSI shed 3.2% ― one should be pretty optimistic that...
Tue, Nov 24 2009, 5:34 PM
Tue, Nov 24 2009, 2:37 PM
Tue, Nov 24 2009, 2:31 PM
Freddie Mac released its October activity report Tuesday morning. The total portfolio increased by 0.7 percent - the third month in a row that the po...
Tue, Nov 24 2009, 1:00 PM
The Treasury has successfully auctioned a record $42 billion 5 yr notes at a high yield of 2.175%, which is lower than the 1pm "When Issued" mid-marke...
Mon, Nov 23 2009, 11:32 AM
Mon, Nov 23 2009, 10:48 AM
Last week ended basically where it began with prices of mortgage backed securities moving sideways near record highs and mortgage rates holding steady...
Mon, Nov 23 2009, 10:28 AM
Loan Pricing Observations; 401(k) Ramblings; Investor Updates: Wells, Flagstar, AmTrust
Mon, Nov 23 2009, 8:35 AM
In the week that was, mortgages traded in a narrowing range as 10yr TSY notes bounced back and forth between positional resistance and support. While ...
Mon, Nov 23 2009, 8:09 AM
The US dollar is weaker, equities are higher, and gold is soaring. That’s how the Thanksgiving-shortened week is beginning after markets slid back lat...
Mon, Nov 23 2009, 5:25 PM
Mon, Nov 23 2009, 3:06 PM
Heading into the after hours session, the FN 4.0 is +0-05 at 99-17 yielding 4.053% and the FN 4.5 is +0-05 at 101-30 yielding 4.263%. The secondary ma...
