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NEW MBS MID-DAY: Another Uneventful Session With Mild Improvements

Tue, Aug 28 2012, 11:34 AM

MBS Live : MBS Morning Market Summary Last week we noted the possibility that the current week could see a mostly sideways grind into the...

NEW The Day Ahead: Auction Cycle and Economic Data Make Week's First Appearances

Tue, Aug 28 2012, 7:00 AM

While Monday technically contained a modicum of economic data in the form of the Chicago Fed's manufacturing index, the first potentially market-mov...

NEW MBS RECAP: Mostly Hanging Onto Gains Despite Minor Volatility Late

Tue, Aug 28 2012, 4:24 PM

MBS Live : MBS Afternoon Market Summary The biggest story of the day was that there continue to be no big stories since last week's FOMC...

NEW Mortgage Rates Fall Back To Recent Lows

Tue, Aug 28 2012, 2:29 PM

Mortgage rates moved moderately lower today in most cases. Although the drop wasn't fast-paced or abrupt, the recent range of rates has been extrem...

NEW MBS MID-DAY: Generally Positive Tone Despite Remaining Locked In Ranges Overall

Mon, Aug 27 2012, 11:09 AM

MBS Live : MBS Morning Market Summary The week is off to the slow and relatively sideways start as expected with much of the volume acc...

NEW The Week Ahead: Month Ends With Moderate Econ Data And Treasury Auctions

Mon, Aug 27 2012, 6:59 AM

The week ahead has potential to offer decent amounts of markets movement only to the extent that it's economic data and auctions deviate from expectat...

NEW MBS RECAP: Slow, Steady Improvement Inside A Range

Mon, Aug 27 2012, 4:22 PM

MBS Live : MBS Afternoon Market Summary ++INSERT COMMENTARY HERE++ MBS Pricing Snapshot Pricing shown below is delayed, please no...

NEW Mortgage Rates Unchanged To Slightly Higher To Begin The Week

Mon, Aug 27 2012, 2:51 PM

Mortgage rates moved gently higher today in most cases, though some lenders were unchanged and in rare cases, slightly improved. There was little b...

NEW MBS MID-DAY: On The Ropes In Slightly Weaker Territory

Fri, Aug 24 2012, 11:36 AM

MBS Live : MBS Morning Market Summary MBS enjoyed a fairly strong morning, rising to recent highs after a rather uneventful and moderatel...

NEW The Day Ahead: Calendar Slows Down Into The Weekend

Fri, Aug 24 2012, 8:27 AM

Another Friday and another opportunity for markets to "trade it out" rather than react to data and headlines. There's next to nothing on tap for th...

NEW MBS RECAP: Despite Slight Weakness, Bounce Back Gets 2nd Day Of Confirmation

Fri, Aug 24 2012, 4:37 PM

MBS Live : MBS Afternoon Market Summary While the namesake and the focus of our analysis is indeed MBS, we've often noted that 10yr Treasur...

NEW Mortgage Rates Pause Their Rapid Descent Ahead Of Uncertain Week

Fri, Aug 24 2012, 3:58 PM

Mortgage Rates rose marginally today after two days of significant improvement. Wednesday and Thursday's strong gains followed the release of the l...

NEW MBS MID-DAY: Waking Up To Find It Wasn't A Dream After All

Thu, Aug 23 2012, 11:19 AM

MBS Live : MBS Morning Market Summary Essentially, the overnight session and morning trading have validated yesterday's post-FOMC Minutes...

NEW The Day Ahead: Considerations As To How FOMC Facemelter Changes The Game

Thu, Aug 23 2012, 7:10 AM

Wednesday's session gave us real reason to hope that the scariest endgame scenarios of the recent sell-off were just the boogie men we hoped they wo...

NEW MBS RECAP: Today Orders Previous 6 Stricken From The Record

Thu, Aug 23 2012, 4:20 PM

MBS Live : MBS Afternoon Market Summary Long time readers of the commentary will know that we're not big fans of long term moving averages ...

NEW Mortgage Rates Continue Strong Move Down. Running Out Of Steam?

Thu, Aug 23 2012, 3:34 PM

Mortgage Rates proceeded lower again today, adding on to the already substantial improvements from yesterday. Some of the gains reflect additional ...

NEW MBS MID-DAY: Bond Markets Continue Ratcheting To Better Levels

Wed, Aug 22 2012, 11:53 AM

MBS Live : MBS Morning Market Summary So bond markets are actually rallying... Yes, this seems like a long-forgotten concept, but a happy ...

NEW The Day Ahead: FOMC Minutes, Eurogroup In Greece, And Existing Home Sales

Wed, Aug 22 2012, 8:07 AM

In yesterday morning's article, we discussed the recent consolidation of 10yr Treasury yields in the context of "Flag/Pennant" formations ( Read It ...

NEW MBS RECAP: What A Difference A Day Makes

Wed, Aug 22 2012, 4:23 PM

MBS Live : MBS Afternoon Market Summary Today was the day . It was the day when significant data returned to markets, when the technica...

NEW Mortgage Rates Move Sharply Lower Following Fed Minutes

Wed, Aug 22 2012, 3:58 PM

Mortgage Rates fell sharply today after the Minutes from the latest Fed meeting revealed a strong level of commitment toward additional monetary acc...

NEW MBS MID-DAY: Weaker To Start, Sideways Through Mid-Morning, Now Weaker Again

Tue, Aug 21 2012, 11:29 AM

MBS Live : MBS Morning Market Summary Somewhat disconcerting movement in bond markets this morning... The fact that we opened in weaker te...

NEW The Day Ahead: Do Bears Flag In The Woods?

Tue, Aug 21 2012, 8:00 AM

The week began with another sideways session for bond markets. Although MBS have outperformed somewhat in the last two session, 10yr yields have gone...

NEW MBS RECAP: Coasting Out Near Unchanged Levels After Fighting AM Weakness

Tue, Aug 21 2012, 4:17 PM

MBS Live : MBS Afternoon Market Summary Things were much weaker and perhaps even a little scarier this morning as bond markets failed to br...

NEW Mortgage Rates Erase Yesterday's Improvement

Tue, Aug 21 2012, 3:35 PM

Mortgage Rates moved higher today, falling back in line with Friday's levels, continuing a recent trend of smaller sideways movements around the n...

NEW MBS MID-DAY: After Weaker Start, Stronger Into Fed Buyback

Mon, Aug 20 2012, 11:20 AM

MBS Live : MBS Morning Market Summary After Starting in weaker territory vs Friday's levels, MBS and Treasuries rallied back into positive ...

NEW The Week Ahead: Exceptionally Light Calendar. Headline-Driven Volatility. FOMC Minutes

Mon, Aug 20 2012, 7:53 AM

If markets weren't so busy trying to convince us that interest rates hit their final iteration of all-time lows in late July, the week ahead would be ...

NEW MBS RECAP: Europe Returns, Drama In Tow, Markets Sleepy Anyway

Mon, Aug 20 2012, 4:24 PM

MBS Live : MBS Afternoon Market Summary After several weeks without European headlines to sink our teeth into, today's overnight session b...

NEW Mortgage Rates Begin Week Steady To Slightly Improved

Mon, Aug 20 2012, 2:12 PM

Mortgage Rates managed to maintain stability seen on Friday, holding steady to very slightly lower today. It was a quiet day for rates markets duri...

NEW MBS MID-DAY: Several Hours Later And Still Green

Fri, Aug 17 2012, 11:21 AM

MBS Live : MBS Morning Market Summary At the risk of jinxing today's positive momentum, we still felt compelled to let you know that MBS an...

NEW The Day Ahead: Looking For Hype Sellers Over Hype Buyers

Fri, Aug 17 2012, 7:32 AM

No bones about it, markets have been buying hype. How many times since Greece became an everyday conversation piece in US Financial markets have we s...

NEW MBS RECAP: Another Friday Hoping The Storm Has Passed

Fri, Aug 17 2012, 4:13 PM

MBS Live : MBS Afternoon Market Summary Today was probably the most unequivocally tame and slightly positive day for bond markets of the pas...

NEW Mortgage Rates Fight Back Against Recent Trend Higher

Fri, Aug 17 2012, 2:41 PM

Mortgage Rates finally caught a break today as rates held steady to marginally improved after rising rapidly earlier in the week. While this doesn'...

NEW MBS MID-DAY: Slightly Stronger To Start, Volatility Into Fed Buyback

Thu, Aug 16 2012, 11:21 AM

MBS Live : MBS Morning Market Summary ++INSERT COMMENTARY HERE++ MBS Pricing Snapshot Pricing shown below is delayed, please note...

NEW The Day Ahead: How Bad Could It Get Before It Gets Less Bad Again?

Thu, Aug 16 2012, 8:00 AM

We had hoped to see 1.74% hold up as a supportive ceiling in 10yr yields during yesterday's session, but noted that the next major pivot would be arou...

NEW MBS RECAP: Big Volatility Intraday, Decent Support At The Lows

Thu, Aug 16 2012, 4:22 PM

MBS Live : MBS Afternoon Market Summary To be sure, MBS made new lows today and scary ones at that. The 102-02 level for Fannie 3.0's was/is a...

NEW Mortgage Rates Higher Still After Hitting Two Month Highs Yesterday

Thu, Aug 16 2012, 3:06 PM

Mortgage Rates moved slightly higher again today as the secondary mortgage market experienced one of its most volatile sessions since early June. ...

NEW MBS MID-DAY: Bond Market Melt-Down Continues, High Volume, Extension Risk In Play

Wed, Aug 15 2012, 11:46 AM

MBS Live : MBS Morning Market Summary Another day, another chance to ratchet to the next higher technical pivot point for Treasury yields a...

NEW The Day Ahead: Slower Day For Europe, Less Intense US Data, Defending Sell-Off Targets

Wed, Aug 15 2012, 8:26 AM

Bond markets tried very hard on Tuesday to convince us that "something" is happening. We've been more defensive than usual for over a week now and no...

NEW MBS RECAP: Pain Trade Continues For Bond Markets. Will It Turn Out Like March?

Wed, Aug 15 2012, 4:10 PM

MBS Live : MBS Afternoon Market Summary Another day in August and another sell-off for bond markets. This one was particularly large, high-vo...

NEW Mortgage Rates Reach Two-Month Highs. Best-Execution Shifts Higher

Wed, Aug 15 2012, 3:14 PM

Mortgage Rates made an abrupt move higher today, leaving most lenders at their worst levels since early June. Recent momentum has carried rates in ...

NEW MBS MID-DAY: Data Brings Volume Back To Sleepy Markets. Rude Awakenings Ensue

Tue, Aug 14 2012, 11:20 AM

MBS Live : MBS Morning Market Summary Mondays and Fridays continued their recent tradition of appallingly low volume (8/6, 8/10, 8/13). Vo...

NEW The Day Ahead: Sudden Onslaught Of US and European Data

Tue, Aug 14 2012, 7:50 AM

Monday proved to be every bit as slow as expected in terms of volume but unfortunately also as volatile as such low-volume sessions can be. This isn'...

NEW MBS RECAP: Another Day Of Weakness For Bond Markets. This Time, With Volume

Tue, Aug 14 2012, 4:21 PM

MBS Live : MBS Afternoon Market Summary Whereas yesterday was one of the lowest volume trading sessions since April, today's was closer to...

NEW Mortgage Rates Hit Highest Levels Since Early July

Tue, Aug 14 2012, 2:37 PM

Mortgage Rates moved higher today continuing a broader trend of weakness that began in late July. Throughout that trend, the actual interest rates ...

NEW MBS MID-DAY: Holding Ground Near Best Levels

Mon, Aug 13 2012, 11:21 AM

MBS Live : MBS Morning Market Summary MBS began the day in line with Friday's closing levels, just over 103-00 in the "production coupon" F...

NEW The Week Ahead: After Quiet Monday, Retail Sales Headlines Busier Week Of Data

Mon, Aug 13 2012, 8:02 AM

The week gets off to a slow start today with essentially nothing on tap for the domestic or European calendars save for a relatively inconsequential r...

NEW MBS RECAP: Low Volume Pushes Prices Back Down In The Afternoon

Mon, Aug 13 2012, 4:16 PM

MBS Live : MBS Afternoon Market Summary It's not so much that low volume CAUSED MBS to fall, but rather, it provided an environment in whic...

NEW Mortgage Rates Edge Higher Despite Generally Improved Market Conditions

Mon, Aug 13 2012, 1:38 PM

Mortgage Rates were paradoxically higher today giving some pause to a bounce back from the month's highest rates last week. Although not altogether...

NEW MBS MID-DAY: Holding In A Narrow Range In Stronger Territory

Fri, Aug 10 2012, 11:20 AM

MBS Live : MBS Morning Market Summary Bond markets began today's rally yesterday afternoon following the 30yr Bond auction. Whether the bo...

NEW The Day Ahead: Data Calendar Lightens. Looking To Defend Thursday's Bounce

Fri, Aug 10 2012, 8:31 AM

Thursday began in much weaker territory for bond markets as 10yr yields edged into the 1.7's for the first time since early June. Things were at thei...