Tue, Feb 8 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
93-06 : -0-13
...
Tue, Feb 8 2011, 8:33 AM
The day ahead is devoid of new headline economic data but several
officials from
the Federal Reserve will offer their take on the economic recover...
Tue, Feb 8 2011, 6:01 PM
Home loan borrowing costs extended their losing streak to five days today. "Best Execution" mortgage rates didn't move higher though, just the closing...
Tue, Feb 8 2011, 5:48 PM
This is the reality of the brave new world that is the
post-range-breakout bond market.
We've been discussing the probability
of big movement...
Tue, Feb 8 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Tue, Feb 8 2011, 3:36 PM
February Fannie and Freddie 30 year fixed MBS coupon have begun the
settlement process and it will soon look like MBS prices just plummeted (more th...
Tue, Feb 8 2011, 1:19 PM
Treasury just auctioned $32 billion 3-year notes .
The
bid to cover ratio was a below average 3.01 bids submitted for every 1
accepted by T...
Mon, Feb 7 2011, 11:23 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
93-13 : -0-11
...
Mon, Feb 7 2011, 9:25 AM
We're not ready to pass sole possession of the production coupon
title belt onto the 5.0 30yr MBS coupon just yet but lock desks are
decidedly mor...
Mon, Feb 7 2011, 8:51 AM
The week is ahead is relatively slim on macroeconomic data. The
highlights may be the several speeches from Federal Reserve officials,
including B...
Mon, Feb 7 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Mon, Feb 7 2011, 2:39 PM
A 7-week mortgage rates range was finally broken last Thursday and
Friday. The directional move was not consumer friendly. "Best Execution"
home l...
Mon, Feb 7 2011, 2:38 PM
In what we would describe as a generally slow, dateless Monday
trading session, the benchmark 10yr TSY note is at its lowest yield
levels of the d...
Fri, Feb 4 2011, 11:23 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Fri, Feb 4 2011, 11:14 AM
You're likely already aware that the reaction to NFP hasn't been good
for the bond market. The market's pre-data short position has made it
easy f...
Fri, Feb 4 2011, 8:38 AM
The unemployment rate fell by 0.4 percentage point to 9.0 percent in
January, while nonfarm payroll employment changed little (+36,000), the
U.S. ...
Fri, Feb 4 2011, 8:24 AM
Key Events Today: 8:30 ― Expectations are pretty humble for the January Nonfarm Payrolls
report. The median forecast is for 145k new jobs, beati...
Fri, Feb 4 2011, 4:43 PM
After 7-weeks of consolidation, stored energy was finally released.
The range has been broken. Yay. We were all growing tired and suffering
greatl...
Fri, Feb 4 2011, 4:40 PM
It finally happened. The range has been officially broken. In the wrong direction.....
The RANGE that has been the topic of so much conversation ...
Fri, Feb 4 2011, 4:23 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Thu, Feb 3 2011, 12:44 PM
Plain and Simple : The economic recovery is progressing but not
fast enough. We're leaving behind the housing and labor markets. Cost
push inflat...
Thu, Feb 3 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-16 : -0-04
...
Thu, Feb 3 2011, 8:47 AM
If you've been a long time MBS Commentary reader you know we had an
ax to grind on labor productivity and its impact on hiring trends. Many
econo...
Thu, Feb 3 2011, 8:15 AM
Stocks and bonds are both getting beat up as investors look ahead to
ISM services data, a new jobless claims report, productivity figures,
and com...
Thu, Feb 3 2011, 5:18 PM
The 4.875 sweet spot on C30 rate sheets didn't really changed much
when benchmarks traded between 3.3 and 3.50. But outside those marks
(3.56 is a...
Thu, Feb 3 2011, 5:03 PM
It's been about a month since the last Employment Situation Report
was released. What we had to say about it then is pretty much the same
thing w...
Thu, Feb 3 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Wed, Feb 2 2011, 11:24 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-24 : -0-05
...
Wed, Feb 2 2011, 10:01 AM
Regardless of Mother Nature's unknown statistical influence on this
data, the overall payroll trend is obvious....IT'S POSITIVE.
Clearly
the H...
Wed, Feb 2 2011, 8:06 AM
Treasuries detached from the stock lever yesterday and the rates
range was reinforced as benchmarks benefiited from supportive bargain
buying and ...
Wed, Feb 2 2011, 5:49 PM
There's really no reason to overcomplicate things at this point.
There is a TON of economic data coming out tomorrow, all throughout the
day....
Wed, Feb 2 2011, 4:24 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Wed, Feb 2 2011, 2:35 PM
The outer limits of the recent range are being tested.
The range has been the range for more than a month now. This range
has been 3.30 to 3.50% ...
Tue, Feb 1 2011, 11:16 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Tue, Feb 1 2011, 10:01 AM
ISM data is important because it's one of the first chances we get to
gauge economic activity in the most recent month. It sorta sets the
tone for...
Tue, Feb 1 2011, 8:31 AM
Benchmark interest rates suffered yesterday as "flight to safety"
funds were unwound from U.S. Treasuries and reallocated into equity
markets.
...
Tue, Feb 1 2011, 5:16 PM
I have a prediction...
I know what the market is going to do tomorrow.
Yes! Even before it happens!!
I just KNOW (note sarcasm please) th...
Tue, Feb 1 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-27 : -0-16
...
Tue, Feb 1 2011, 2:29 PM
It's important to learn to recognize the signs... You might feel
tired, cranky, sarcastic, dismissive, or just plain sad. In some cases,
you cou...
Mon, Jan 31 2011, 12:44 PM
The stock lever is exerting originator unfriendly pressures on benchmark Treasuries today.
As stocks recover from last Friday's sell-off, invest...
Mon, Jan 31 2011, 11:23 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
95-16 : -0-01
...
Mon, Jan 31 2011, 8:51 AM
Turmoil in Egypt and the broader middle-east continues to weigh on
investors. As riots broke out late last week, U.S. equity markets saw
their ste...
Mon, Jan 31 2011, 5:50 PM
Just like the first three weeks of the month, the last week was all
about the range in the primary mortgage market. If you're a first time
reader ...
Mon, Jan 31 2011, 4:18 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Fri, Jan 28 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Fri, Jan 28 2011, 10:38 AM
Although the 74.2 reading on Consumer Sentiment was slightly higher
than consensus estimates of 73.2, the fact that it did not beat the 74.5
Decem...
Fri, Jan 28 2011, 8:28 AM
A slim gain pushed the benchmark S&P 500 to its highest level since
August 2008 yesterday. On the final day of the week, equities are
improved eve...
Fri, Jan 28 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Fri, Jan 28 2011, 4:14 PM
The word of the month in the primary mortgage market is " RANGE ". <<<---- We wrote that last Friday.
On Monday we said a storm was a brewin. "Don...
Fri, Jan 28 2011, 1:04 PM
Concurrent with a 1.4% stock sell off and civil unrest abroad,
benchmark Treasuries have benefitted from a flight to safety. This has
led "rate sh...
