Fri, Jun 1 2012, 2:51 PM
Mortgage Rates fell decidedly to new all-time lows today after a much weaker-than-expected Employment Situation Report. Because of today's moveme...
Thu, May 31 2012, 11:41 AM
MBS Live : MBS Morning Market Summary
Rather than stand out as one of those examples of "a major headline event causing a major, sudden shift" i...
Thu, May 31 2012, 4:36 PM
MBS Live : MBS Afternoon Market Summary
In an earlier alert at 2:02pm, we postulated that the rest of the trading day may be some sort of ...
Thu, May 31 2012, 2:48 PM
Mortgage Rates improved again today as domestic economic data joined with ongoing fear of a European currency collapse to send US Treasury yields w...
Wed, May 30 2012, 11:26 AM
MBS Live: MBS Morning Market Summary MBS and, to a greater extent, Treasuries have been off to the races this morning where the latter is currently t...
Wed, May 30 2012, 11:21 PM
Wednesday was quite a day for bond markets--a record-setting day on many fronts. While we can appreciate that there are some claims that 10yr Yields ...
Wed, May 30 2012, 6:28 AM
Today's calendar of US economic data is the lightest of the week with Pending Home Sales the only monthly report. Other items dot the calendar, such ...
Wed, May 30 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
While "record levels" for MBS have been a relatively common occurrence in the past month as Fannie ...
Wed, May 30 2012, 3:17 PM
Mortgage Rates improved only slightly today despite an aggressive interest rate drop in the broader bond markets. Lenders' rate sheet offerings ar...
Tue, May 29 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
It's been a relatively quiet and uneventful morning for bond markets so far. Rather than chase rall...
Tue, May 29 2012, 4:21 PM
MBS L ive : MBS Afternoon Market Summary
MBS prices fell fairly steadily into and after the 2pm hour, eventually bottoming out just below curr...
Tue, May 29 2012, 3:09 PM
Mortgage Rates began the week roughly unchanged to slightly higher, keeping them near all-time lows. This also means that the Best-Execution rat...
Mon, May 28 2012, 8:42 PM
As US markets were closed for Monday's Memorial Day Holiday, there was little fanfare out of European markets, even if there is a growing sense that S...
Fri, May 25 2012, 12:47 PM
Mortgage Rates continue to experience minor volatility near all-time lows, bouncing moderately LOWER today after moving HIGHER yesterday. Rates mov...
Fri, May 25 2012, 11:38 AM
MBS Live : MBS Morning Market Summary
Bond markets made a quick head fake in a weaker direction following the better-than-expected Consumer...
Fri, May 25 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
There's little to report outside the two words in the title. Today truly was an "uneventful session." ...
Thu, May 24 2012, 11:27 AM
MBS Live : MBS Morning Market Summary
There's not really much to today's weakness. It's moderate, it's steady, and it began yesterday. After hi...
Thu, May 24 2012, 11:10 PM
Yesterday morning, we suggested that markets might do something "sneaky" and make some sort of moderate movement seemingly tied to economic data when ...
Thu, May 24 2012, 7:52 AM
With very limited data and an early close on Friday, today will serve as the last trading day of the week in many regards. For starters, it's the l...
Thu, May 24 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
This morning, we suggested that markets are relatively out of trading ideas until the next big-tic...
Thu, May 24 2012, 2:02 PM
Mortgage Rates continue to experience minor volatility near all-time lows, bouncing moderately higher today after moving lower yesterday. The move ...
Wed, May 23 2012, 11:38 AM
MBS Live : MBS Morning Market Summary
While it may have mostly run it's course by now, the morning has been dominated by big moves in several ...
Wed, May 23 2012, 4:08 PM
MBS Live : MBS Afternoon Market Summary
Once again bond markets came into the session at better levels achieved during overnight trading. In f...
Wed, May 23 2012, 2:58 PM
Mortgage Rates improved today , gaining back a good portion of yesterday's losses as European markets continued keeping pressure on domestic stock pr...
Tue, May 22 2012, 11:28 AM
MBS Live : MBS Morning Market Summary
Bond markets continue trying to hold their ground so far this morning against what, thus far, looks t...
Tue, May 22 2012, 10:49 PM
As noted in the MBS RECAP, yesterday was basically spent bouncing back from overnight weakness. The weakness itself was somewhat frustrating in that ...
Tue, May 22 2012, 8:00 AM
Overnight volume leading into yesterday's session made it seem like it might turn out surprisingly strong, but Treasury trading around 4am New York ti...
Tue, May 22 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
MBS spent the day doing battle with weakness from the overnight session, and were certainly success...
Tue, May 22 2012, 2:30 PM
Mortgage Rates rose again today , this time at a slightly faster pace than yesterday's moderate increase. All of the market movement responsible for...
Mon, May 21 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
With the passing of the 10:15-11:00am scheduled "Operation Twist" buying from the Fed, we now know w...
Mon, May 21 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Bo nd markets continued the process of leveling off after hitting their strongest levels on 5/17....
Mon, May 21 2012, 2:36 PM
Mortgage Rates rose very slightly from Friday's new all-time lows. There were no major market moving events for interest rates today. Instead, we ...
Sun, May 20 2012, 7:52 PM
The line-up of economic data in the week ahead is one of the lightest of the year. Monday is essentially data-free. The following two days of the we...
Fri, May 18 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS ar...
Fri, May 18 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
104-16 Turned out to be an important level for Fannie 3.5's today. There's more than the usual amo...
Fri, May 18 2012, 3:01 PM
Our methodology for determining daily mortgage rates
is somewhat complex, and involves an objective component based on lenders raw prices as well ...
Fri, May 18 2012, 2:41 PM
Mortgage Rates improved marginally from yesterday's new all-time lows. Without any major scheduled events to digest, bond markets were left to the...
Thu, May 17 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
The main market-mover of the morning was the release of the Philadelphia Fed Survey, the chief component of...
Thu, May 17 2012, 11:22 PM
With so many unprecedented and hefty considerations, markets might enjoy today's complete absence of scheduled economic data as some sort of chance to...
Thu, May 17 2012, 8:07 AM
If the calendar of upcoming events and y'day's volume are any indication, it's possible that Wednesday was the climactic final scene before the interm...
Thu, May 17 2012, 4:45 PM
MBS Live : MBS Afternoon Market Summary
Two of our favorite made-up terms joined forces today to carry MBS to yet another all-time high and 10...
Thu, May 17 2012, 3:21 PM
Mortgage Rates hit new all-time lows today. In most cases, lenders' offerings are just slightly better across the board than they were in late J...
Wed, May 16 2012, 11:30 AM
MBS Live : MBS Morning Market Summary
The main market-mover this morning was a CNBC interview with Angela Merkel . In it, the German cha...
Wed, May 16 2012, 8:10 AM
Wednesday looks to be a different animal than Tuesday's rather logical and well-contained session. Yesterday boasted one of the highest concentration...
Wed, May 16 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
We characterized yesterday as "logical and well contained" with the benefit of some hindsight. Whil...
Wed, May 16 2012, 3:21 PM
Mortgage Rates are steady to slightly improved today following as Europe's fiscal woes continue providing downward pressure on US interest rates. ...
Wed, May 16 2012, 2:15 PM
One of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie...
Tue, May 15 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
Fewer mornings this year have been busier from an economic data standpoint, and that fact will be ap...
Tue, May 15 2012, 7:08 AM
Today's data includes Retail Sales, The Consumer Price Index, and The Empire State Manufacturing survey... And that's just the 8:30am time slot! Tre...
Tue, May 15 2012, 4:53 PM
Mortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows. Despite an abundance of domesti...
