Fri, Dec 15 2017, 7:32 PM
Bond traders are increasingly saying "enough already! " when it comes to reacting to every little push and pull in the tug-o-war over the tax bill. ...
Fri, Dec 15 2017, 3:34 PM
Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely du...
Fri, Dec 15 2017, 9:15 AM
From time to time, a discussion will start up among MBS Live community members regarding certain habits for certain months of the year. Some popular ...
Thu, Dec 14 2017, 4:55 PM
Bonds began the day in weaker territory partly due to a correction from yesterday's strong run in the afternoon, and partly due to stronger economic...
Thu, Dec 14 2017, 3:51 PM
Mortgage rates held on to yesterday's gains in most cases. Some lenders were even in slightly better shape today, but not enough to have an effect on ...
Thu, Dec 14 2017, 8:29 AM
Volume swelled during the first 3 days of the week, culminating in yesterday's CPI/Fed combo and a fairly large move lower in rates. That's what we c...
Wed, Dec 13 2017, 5:59 PM
Heading into the day, we knew we were looking at 2 key market movers in the form of the CPI data and the afternoon's Fed festivities (which include ...
Wed, Dec 13 2017, 4:57 PM
Mortgage rates fell fairly quickly this afternoon following the Federal Reserves updated economic projections. While it is indeed true that the Fed "r...
Wed, Dec 13 2017, 2:02 PM
Information received since the Federal Open Market Committee met in September November indicates that the labor market has continued to strengthen ...
Wed, Dec 13 2017, 8:26 AM
Today brings 2 key developments in the form of the 8:30am CPI data and the afternoon's Fed announcement. CPI--the Consumer Price Index--was one of ...
Tue, Dec 12 2017, 4:59 PM
It was a pretty straightforward day for bond markets, which CONTINUE to operate in an exceptionally narrow, sideways range. That's been the case ...
Tue, Dec 12 2017, 4:30 PM
Mortgage rates moved modestly higher for the 4th straight business day today. Last Wednesday saw the best levels in a month with some lenders in the b...
Tue, Dec 12 2017, 8:37 AM
I wish I could tell you that today was destined to be an exciting opportunity for bonds to embark on some sort of epic journey (or at least to defin...
Mon, Dec 11 2017, 5:33 PM
Bond markets had an uneventful overnight session until just before the start of domestic trading hours. Most market participants were willing to chal...
Mon, Dec 11 2017, 5:13 PM
Mortgage rates moved modestly higher for the 3rd straight business day, making for a moderate correction from the last Wednesday's 1-month lows. In th...
Mon, Dec 11 2017, 9:16 AM
There are 3 to 4 big players this week when it comes to potential market movers . In no particular order, these include Treasury auctions, central b...
Fri, Dec 8 2017, 5:40 PM
When it comes to bond markets reacting to economic data these days, don't expect too much and you won't be disappointed. Heading into today's NFP r...
Fri, Dec 8 2017, 2:28 PM
Mortgage rates moved modestly higher today, although some lenders were right in line with yesterday's levels (especially those who raised rates in res...
Fri, Dec 8 2017, 8:32 AM
Bond markets haven't been at all keen to react in a major way to economic data. Tax reform and other fiscal issues have been center stage for several...
Thu, Dec 7 2017, 4:52 PM
Bond markets began the day roughly unchanged compared to yesterday afternoon's weaker closing levels. From there, Treasuries rallied in concert wit...
Thu, Dec 7 2017, 4:17 PM
Mortgage rates were best described as " unchanged " today, although that may not be the case tomorrow. The afternoon hours saw bond markets (which dic...
Thu, Dec 7 2017, 9:23 AM
Both yesterday and the day before, bonds closed in stronger territory than the previous day's close. That's the first time that's happened since earl...
Wed, Dec 6 2017, 5:26 PM
For the purposes of this recap, "winning streak" would be defined as a day where Fannie 3.5 MBS or 10yr Treasury yields closed at better levels than t...
Wed, Dec 6 2017, 4:48 PM
Mortgage rates moved noticeably lower today as bond market improved for the 2nd day in a row--the first time that's happened since early November (whe...
Wed, Dec 6 2017, 9:43 AM
Consolidating, biding time, coiling, storing energy, etc... Over the years on MBS Live and elsewhere, you may have come into several iterations of th...
Tue, Dec 5 2017, 5:35 PM
Much like yesterday's session, today saw bond markets begin the day in slightly weaker territory only to rally into slightly stronger territory by...
Tue, Dec 5 2017, 4:58 PM
Mortgage rates were more intuitive today with most lenders keeping things unchanged at first. This matched the movement in underlying bond markets, wh...
Tue, Dec 5 2017, 9:20 AM
A sideways range with higher lows and lower highs...
The risk of p eriodic volatility regardless of economic data's suggestion...
A certain p...
Mon, Dec 4 2017, 5:01 PM
Friday evening brought the passage of the Senate's version of the tax bill. It now moves to a joint session for "reconciliation" (Senate+House trying...
Mon, Dec 4 2017, 4:17 PM
Mortgage rates were distinctly mixed today, with some lenders clearly moving higher while others were effectively unchanged. The deciding factor is bo...
Mon, Dec 4 2017, 9:48 AM
As expected, the Senate passed its version of the tax bill on Friday evening (the passage being the expected part, not the timing). Also as expected,...
Fri, Dec 1 2017, 7:49 PM
After a day of diffuse inspiration from several competing market movers yesterday, we ended up with far more focus today. That wasn't readily apparen...
Fri, Dec 1 2017, 3:33 PM
Mortgage rates were at their highest levels in roughly 1 month as of yesterday afternoon. That ran counter to many of the mortgage rate news stories t...
Fri, Dec 1 2017, 9:20 AM
The extent to which the tax bill is "inevitable" remains to be seen, but at the moment, financial markets are still treating it as "highly likely"--ju...
Thu, Nov 30 2017, 4:55 PM
As discussed in detail in the daily video on MBS Live, today's bond market weakness was multifaceted , to say the least. But if we want to make the ...
Thu, Nov 30 2017, 4:12 PM
There are several news stories out today that reference LOWER rates this week. These all rely on stale survey data that failed to account for changes ...
Thu, Nov 30 2017, 9:40 AM
Bonds are beginning the day in roughly unchanged territory, but that's not a good thing as far as the bigger picture is concerned. "Unchanged territo...
Wed, Nov 29 2017, 6:39 PM
Bond markets began domestic hours only slightly weaker, but that didn't last. Milliseconds into the 8am hour, we saw stronger inflation data in Europ...
Wed, Nov 29 2017, 3:14 PM
Mortgage rates moved higher today, with most lenders quoting their highest rates in at least 2 weeks. But before you let that worry you too much, know...
Wed, Nov 29 2017, 9:11 AM
Right at the start of trading today, bonds took a hit from Fed comments. Although she's soon to be replaced, Janet Yellen's thoughts on the economy...
Tue, Nov 28 2017, 5:04 PM
Stocks broke out in a big way today--a fact that may make the relatively 'unchanged' bond market performance more palatable. In bonds' defense, they ...
Tue, Nov 28 2017, 4:47 PM
Mortgage rates improved modestly today as markets digested tax bill headlines and the confirmation hearing for new Fed Chair Jerome Powell. As the hea...
Tue, Nov 28 2017, 9:28 AM
Not much will be able to change about the recent analysis until markets actually make a move. In a nutshell, the recent analysis holds that we've bee...
Mon, Nov 27 2017, 5:16 PM
The bond market theme heading into the Thanksgiving break was "waiting for a breakout."
The bond market theme heading out of Thanksgiving break ...
Mon, Nov 27 2017, 4:58 PM
Mortgage rates were almost perfectly unchanged today as markets returned to full force following the extended Thanksgiving break. Bond markets (which ...
Mon, Nov 27 2017, 9:41 AM
Over the past two months, we've seen higher lows and lower highs in 10yr yields and mortgage rates. On a chart, this looks like 2 sides of a "triangl...
Fri, Nov 24 2017, 1:53 PM
Mortgage rates were roughly unchanged today. That's not too surprising considering lenders don't tend to make big moves on the Friday after Thanksgivi...
Fri, Nov 24 2017, 7:38 AM
Today is boring . It was destined to be boring (probably) before it even occurred, and even if it gives the appearance of being exciting at some poi...
Wed, Nov 22 2017, 4:38 PM
We've discussed the tenor of Thanksgiving week in bond markets being more to do with serendipity than traditional "cause and effect" relationships. T...
Wed, Nov 22 2017, 2:55 PM
Mortgage rates fell modestly today, with bond market strength both before and after the release of the Fed Minutes (a more detailed account of the Fed...
