Wed, Nov 4 2009, 9:15 AM
After morning data and the TSY refunding statement, the 2yr note yield continues to move higher, now trading at 0.936% while the 10yr TSY note is abov...
Wed, Nov 4 2009, 7:53 AM
In last week's release, which reported data for the week ending October 23, mortgage application activity fell 12.3% even as mortgage rates dropped fr...
Wed, Nov 4 2009, 7:48 AM
Risk is back on the table. As investors await labor data, a key survey on the services sector, and of course the policy announcement from the central ...
Wed, Nov 4 2009, 7:39 PM
The Senate today voted unanimously Wednesday night to extend the $8,000 tax credit for home buyers beyond its scheduled November 30, 2009 expiration d...
Wed, Nov 4 2009, 5:48 PM
The MBS AFTERNOON commentary was fairly robust. And you also have the write up on the Fed Announcement to read, so we'll keep the words to a minimum ...
Wed, Nov 4 2009, 3:43 PM
Although this may not be necessary, I am going to over-analyze the FOMC statement and relate it to mortgage rates.
Wed, Nov 4 2009, 2:21 PM
The FOMC Statement has been released...
As we expected no change to the all important "for an extended period" verbiage. Nonetheless the initial re...
Wed, Nov 4 2009, 1:38 PM
Looking at this in an historical context, in previous economic downturns when the labor market was a casualty, the FOMC did not raise the Fed Funds ra...
Tue, Nov 3 2009, 12:16 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to yesterday afternoon’s. This keeps the par 30 year conventiona...
Tue, Nov 3 2009, 11:16 AM
The 10yr TSY note yield is -0-07 at 101-16 yielding 3.446%....higher from opening levels, testing the upper boundaries of support (as discussed this ...
Tue, Nov 3 2009, 9:55 AM
A primer on MI rescission; news from Wells, Flagstar, Freddie, PMI, FAMC; rates moving lower
Tue, Nov 3 2009, 9:36 AM
We think the 10yr note is going to have major difficulty breaking through 3.38%, at the same time we anticipate rates will run higher after the FOMC m...
Tue, Nov 3 2009, 7:46 AM
For a packed week Tuesday is pretty light, but that hasn’t stopped equity futures from dropping sharply lower. Markets in Europe are the likely culpri...
Tue, Nov 3 2009, 2:30 PM
And maybe we should also "make way" for tomorrow's refunding announcements as well? FOMC gets more attention (even from us), but some of today's weak...
Tue, Nov 3 2009, 1:21 PM
The 10yr TSY note is testing 3.50% and rate sheet influential MBS prices are moving lower. IF YOU DID NOT GET A REPRICE FOR THE WORSE ALREADY...you wi...
Mon, Nov 2 2009, 11:32 AM
The FN 4.0 is currently -0-04 at 98-17 yielding 4.153% while the FN 4.5 is trading -0-02 at 101-04 yielding 4.364%. The secondary market current cou...
Mon, Nov 2 2009, 11:01 AM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in...
Mon, Nov 2 2009, 10:16 AM
The institute for supply management released the Manufacturing ISM Report on Business this morning. "Economic activity in the manufacturing sector exp...
Mon, Nov 2 2009, 9:29 AM
USB Expands; CIT Declares Bankruptcy; GMAC & Financial Mortgage Updates;
Mon, Nov 2 2009, 8:26 AM
CIT Group filed for bankruptcy on Sunday, helping the bond market briefly improve in the the overnight session...however as the firm's failure was pri...
Mon, Nov 2 2009, 8:15 AM
Volatility in the stock market left equities in a state of pessimism last week. The S&P 500 lost 4.02% in the five trading sessions, including a 2.81%...
Mon, Nov 2 2009, 2:45 PM
As trader's prepare to mark their books at 3pm, stocks are off the lows, benchmark TSYs yields are moving higher, and rate sheet influential MBS coupo...
Mon, Nov 2 2009, 1:12 PM
Mortgage bankers reported a substantial increase in per-loans profits during the second quarter of 2009 and an increase in loans, especially refinanci...
Mon, Nov 2 2009, 1:04 PM
Last week ended on positive note for mortgage backed securities and mortgage rates. As stock indexes fell, market participants re-allocated portfolios...
Fri, Oct 30 2009, 12:56 PM
The resolution would extend the present conventional loan limits for Fannie and Freddie through the 2010 calendar year at 125 percent of local median ...
Fri, Oct 30 2009, 11:10 AM
Phew. I took a risk this morning and decided NOT to issue an ALERT when benchmark yields starting rising at 10:30.
In a choppy marketplace, when pr...
Fri, Oct 30 2009, 11:09 AM
Mortgage rates rose yesterday after a better than expected advance read on third quarter GDP sent benchmark yields higher early in the trading sessio...
Fri, Oct 30 2009, 9:34 AM
Loan limit & tax credit updates; USB, Flagstar, Freddie, and GMAC news; Treasury purchase program ends
Fri, Oct 30 2009, 8:33 AM
Fri, Oct 30 2009, 8:20 AM
Upbeat earnings and the +3.5% GDP report helped US stocks jump around 2% yesterday, though the gains weren’t enough to wipe out losses from earlier in...
Fri, Oct 30 2009, 5:35 PM
Fri, Oct 30 2009, 3:47 PM
Heading into the 5pm 'LENDERS ARE REPRICING' marking period....the FN 4.0 is +0-14 at 98-20 yielding 4.143% and the FN 4.5 is trading +0-13 at 101-0...
Fri, Oct 30 2009, 2:13 PM
Thu, Oct 29 2009, 12:58 PM
Mortgage rates fell a few basis points yesterday as benchmark Treasury yields moved lower in the range. The extended rally in the rates market helped ...
Thu, Oct 29 2009, 11:43 AM
As the session has progressed, stocks have meandered higher and the benchmark rates market has consistently weakened as traders gladly welcomed the op...
Thu, Oct 29 2009, 9:38 AM
Price Bubbles 101; Tax Credit Update; Updates from BofA & USB
Thu, Oct 29 2009, 8:57 AM
The bond market's reaction to 830AM data was not originator friendly. Cash market TSY yields are higher. The 10yr TSY note is trading -0-15 at 101-1...
Thu, Oct 29 2009, 7:52 AM
quities were slashed yesterday after the new home sales report posted an unexpected 3.6% decline for September. The S&P 500 fell 1.95%, the Nasdaq she...
Thu, Oct 29 2009, 6:00 PM
Thu, Oct 29 2009, 3:33 PM
Thu, Oct 29 2009, 3:00 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between October 22 a...
Thu, Oct 29 2009, 2:59 PM
Mortgage rates for the last week have remained relatively unchanged according to information released by Freddie Mac from its weekly Primary Mortgage ...
Thu, Oct 29 2009, 1:45 PM
Thu, Oct 29 2009, 1:15 PM
While we generally try to avoid getting caught up in political poo throwing, we know many are anxiously awaiting news from Capitol Hill regarding the ...
Thu, Oct 29 2009, 1:03 PM
