Wed, Jan 13 2010, 3:45 PM
Wed, Jan 13 2010, 2:04 PM
Wed, Jan 13 2010, 1:03 PM
MBS prices are falling after the auction...LENDERS MAY REPRICE FOR THE WORSE
Tue, Jan 12 2010, 12:50 PM
So far today yesterday's modest improvements have extended over into today, however instead of being "modest", the gains have been substantial! This ...
Tue, Jan 12 2010, 10:43 AM
Tue, Jan 12 2010, 8:34 AM
I am taking profits ahead of the looming auction cycle...we still have $74billion in TSY notes to be auctioned. I am however feeling like my strategy...
Tue, Jan 12 2010, 5:26 PM
Tue, Jan 12 2010, 3:35 PM
The first of three auctions is behind us. As MG noted the direct bid was HUGE. While I do think its great that the likes of PIMCO and Vanguard are pro...
Tue, Jan 12 2010, 1:00 PM
Despite a slight bit of initial weakness, the charts are in fine position as the 10yr is holding one of it's more aggressive support levels at 3.73. ...
Mon, Jan 11 2010, 11:53 AM
While I have outlined a theory that instills hope in the hears of fence sitters and float boaters in the short run, AGAIN I must remind that our overa...
Mon, Jan 11 2010, 8:53 AM
The FN 4.5 is +0-07 at 100-10 yielding 4.476%. I do not like to create confusion about the extent to which mortgages are tied to the movements of benc...
Mon, Jan 11 2010, 5:14 PM
Mon, Jan 11 2010, 3:26 PM
If you haven't read the following description of the agency MBS settlement process...please dont skip over it as it may save you from having to change...
Mon, Jan 11 2010, 2:25 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to Friday’s. The par 30 year conventional mortgage rate remains ...
Mon, Jan 11 2010, 1:45 PM
Fri, Jan 8 2010, 12:54 PM
Euphoria struck this AM not only with the substantially worse-than-expected headline jobs loss, but a slew of the report's internal components perhaps...
Fri, Jan 8 2010, 10:09 AM
After failing to break 100-14, the floor fell out from underneath the FN 4.5. Prices have found their way back to yesterday's low print. In the Treasu...
Fri, Jan 8 2010, 8:56 AM
THE BOND MARKET'S INITIAL REACTION HAS BEEN FAVORABLE...but temper your excitement because we have not broken out of the recent range yet. The FN 4.0 ...
Fri, Jan 8 2010, 8:04 AM
The bond market has opened weaker ahead of jobs data...here is a screen shot of my matrix. I covered up the MBS yields because I do not like Reuter's ...
Fri, Jan 8 2010, 4:46 PM
Today was a CROSSROADS EVENT. We were hoping rising mortgage rates in December was not a function of shifting sentiment in the rates market. We were h...
Thu, Jan 7 2010, 11:27 AM
Thu, Jan 7 2010, 1:36 PM
Mortgage rates have been stuck in a back and forth battle all week. We started the new year with improvements which carried over into Tuesday only to ...
Wed, Jan 6 2010, 12:45 PM
The result of the BEAR STEEPENER today has been plummeting "rate sheet influential" MBS prices and REPRICES FOR THE WORSE from lenders. Just like the ...
Wed, Jan 6 2010, 10:30 AM
Wed, Jan 6 2010, 8:20 AM
The mortgage market is starting slow again today. Given the above forecast for a narrowing range in TSY yields/prices...we would expect to see a simil...
Wed, Jan 6 2010, 3:04 PM
Mortgage rates made modest improvements yesterday thanks to a rally in benchmark Treasuries and mortgage backed securities. The extension of the Monda...
Tue, Jan 5 2010, 11:51 AM
Bonds had opened better and traded well BEFORE the data, and current price levels are neither much better or worse than they were when the data hit.
...
Tue, Jan 5 2010, 9:14 AM
In the US, the S&P is flat, -0.1% at 1131.88, the Dow is -0.32% at 10550 and the NASDAQ is -0.26% at 2302. The 3.375 coupon bearing 10yr TSY note is +...
Tue, Jan 5 2010, 4:01 PM
The question we were looking to address when the new year began was: WERE HIGHER RATES IN DECEMBER A FUNCTION OF SEASONAL INFLUENCES or DID THE 'BIG P...
Tue, Jan 5 2010, 2:39 PM
Reports from fellow mortgage professionals do indicate lender rate sheets to be improved from yesterday. The par 30 year conventional rate mortgage ha...
Mon, Jan 4 2010, 10:35 AM
Mon, Jan 4 2010, 1:56 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 5.00 to 5.25% range for well qualified c...
Thu, Dec 31 2009, 12:12 PM
Thu, Dec 31 2009, 11:25 AM
Mortgage rates improved for the first time in six sessions yesterday as mortgage backed securities price appreciations early in the day allowed lender...
Thu, Dec 31 2009, 9:33 AM
Rates sold off following the release of jobless claims (which I need to dig deeper into). While many will take this data as an indication of good thin...
Thu, Dec 31 2009, 2:30 PM
Wed, Dec 30 2009, 12:45 PM
The six day streak of rising mortgage rates finally stalled out yesterday! Although mortgages started yesterday on a negative note, mortgage-backed se...
Wed, Dec 30 2009, 10:57 AM
In the mortgage market, yesterday's late afternoon rally has extended over into today' session. "Rate sheet influential" MBS prices are have ventured ...
Wed, Dec 30 2009, 4:56 PM
