Wed, Oct 28 2009, 11:28 AM
Following the seemingly bottomless rates selloff that occurred on Monday, benchmark Treasury and MBS prices underwent a corrective rally yesterday. Bu...
Tue, Oct 27 2009, 11:14 AM
Mortgage rates were pushed higher yesterday after benchmark Treasury yields moved higher, outside the well defined range that has kept rates relativel...
Mon, Oct 26 2009, 1:00 PM
The well defined range we have used to gauge our lock/float sentiment is being challenged. Since the range proved itself a reliable indicator of deman...
Fri, Oct 23 2009, 11:06 AM
Reports from fellow mortgage professionals indicate lender rate sheets are similar to what we had yesterday morning. The par rate for a conventional ...
Thu, Oct 22 2009, 1:29 PM
After opening the day lower yesterday, MBS managed to rally steadily off the lows before a late day stock sell off added steam to the upward price mom...
Wed, Oct 21 2009, 12:21 PM
Reports from fellow mortgage professionals indicate that lender rate sheets are slightly worse today. The par 30 year conventional fixed mortgage rat...
Tue, Oct 20 2009, 10:56 AM
Prices of mortgage backed securities posted modest gains yesterday in an uneventful trading session. Intraday gains didn’t warrant reprices for the ...
Mon, Oct 19 2009, 12:41 PM
Last week consumers who were floating loans watched mortgage rates rise almost 0.25%. After touching five month lows in the previous week, better tha...
Fri, Oct 16 2009, 2:07 PM
Mortgage rates moved slightly higher yesterday but managed to weather the storm of better than expected economic data and earnings reports. Today, mo...
Thu, Oct 15 2009, 1:29 PM
The theme in the secondary mortgage market this week has been volatility. Prices of mortgage backed securities have moved around a wide range as trade...
Wed, Oct 14 2009, 1:42 PM
Reports from fellow mortgage professionals indicate that mortgage rates have moved higher into the 4.875% to 5.125% range for well qualified consumers...
Tue, Oct 13 2009, 10:52 AM
The bond market was closed yesterday in observance of Columbus Day so mortgage backed securities did not trade. Regardless of that, several lenders is...
Mon, Oct 12 2009, 12:19 PM
The bond market is closed in observance of Columbus Day. While mortgage-backed securities are not being traded today, several lenders have published r...
Fri, Oct 9 2009, 12:00 PM
Following a somewhat disappointing 30 year bond auction yesterday, prices of mortgage backed securities plummeted and mortgage rates moved higher as l...
Thu, Oct 8 2009, 11:06 AM
A steady rally in benchmark Treasury yields yesterday helped prices of mortgage backed securities move to five month highs which allowed lenders to ke...
Wed, Oct 7 2009, 1:13 PM
Prices of mortgage backed securities held to a tight range yesterday, closing the day in essentially the same place they opened. The lack of volatilit...
Tue, Oct 6 2009, 10:50 AM
It was a slow day in the fixed income market's yesterday. Mortgage rates were mostly unchanged as prices of mortgage backed securities bounced around ...
Mon, Oct 5 2009, 1:15 PM
Last week was a very nice week for mortgage rates. The economic data was rather mixed, some pointing toward economic growth, while others hinting a...
Fri, Oct 2 2009, 12:19 PM
Mortgage rates moved a few basis points lower yesterday after the bond market experienced what AQ and MG refer to as a "forced rally". Stocks were se...
Thu, Oct 1 2009, 1:22 PM
As the third quarter ended yesterday, mortgage rates were unchanged as prices of mortgage backed securities held to the recent range. Since MBS rall...
Wed, Sep 30 2009, 1:43 PM
Mortgage rates were were unchanged for the most part yesterday as prices of mortgage-backed securities held to their recent range. Following Monday’s...
Tue, Sep 29 2009, 12:31 PM
Despite a rally in equity markets, prices of mortgage-backed securities moved higher yesterday. No economic data was released, trading volume was ver...
Mon, Sep 28 2009, 11:27 AM
Despite mixed economic reports last week, mortgage rates held near four month lows as prices of mortgage-backed securities approached four month highs...
Fri, Sep 25 2009, 12:53 PM
Mortgage rates moved lower a few basis points yesterday after prices of mortgage backed securities steadily appreciated throughout the day. At 5pm, MB...
Thu, Sep 24 2009, 10:47 AM
The secondary mortgage market went on quite a ride yesterday! Following a weaker than expected 5 year Treasury note auction, market participants hurri...
Wed, Sep 23 2009, 10:49 AM
Mortgage rates were mostly unchanged yesterday as the economic calendar was empty and the market settled in for another FOMC statement. Prices of mort...
Tue, Sep 22 2009, 10:48 AM
After holding steady near the top of the current trading range, mortgage backed securities came under selling pressure yesterday afternoon as stocks r...
Mon, Sep 21 2009, 1:23 PM
It was an up and down week for mortgage backed securities last week. Despite better than expected economic data, MBS didn’t give up too much ground ...
Fri, Sep 18 2009, 1:43 PM
The type of positive economic headlines seen yesterday would normally lead to lower bond prices and higher mortgage rates, but that turned out to be f...
Thu, Sep 17 2009, 1:12 PM
It was a bumpy ride in the mortgage backed security market yesterday. At the open, MBS moved considerably higher and lenders that issued rate sheets ...
Wed, Sep 16 2009, 12:00 PM
The bond market held up remarkably well yesterday considering stocks set new 2009 highs following more "better than expected" economic data and hopefu...
Tue, Sep 15 2009, 12:52 PM
After holding levels not seen since early this summer for over a week, mortgage rates are under some pressure to move higher. Yesterday, mortgage ba...
Mon, Sep 14 2009, 12:59 PM
Mortgage rates continue to hold below 5% despite some better than expected economic data last week. As a general rule, better than expected economi...
Fri, Sep 11 2009, 1:14 PM
Despite a rally in stocks, mortgage backed securities managed to post nice gains yesterday after a stronger than expected 30 year bond auction. It ...
Thu, Sep 10 2009, 10:46 AM
A lack of economic data combined with generally optimistic actions in the stock market kept mortgage-backed securities mostly unchanged yesterday morn...
Wed, Sep 9 2009, 11:04 AM
Although vacations are over in Washington and the summer session has ended on Wall Street, a slow economic calendar combined with a holiday hangover k...
Tue, Sep 8 2009, 10:41 AM
Mortgage rates moved slightly higher on Friday following the release of the Employment Situation report. The increase was however not huge as the ev...
Fri, Sep 4 2009, 12:55 PM
Mortgage backed securities had a calm day yesterday, never straying far from opening levels, posting inconsequential gains by close. You could say t...
Thu, Sep 3 2009, 11:00 AM
Mortgage Rates are still holding steady near summer lows after prices of mortgage backed securities rallied to summer highs yesterday. While the appre...
Wed, Sep 2 2009, 2:55 PM
Much like Monday, early morning weakness in the fixed income sector was followed by a rally later in the day in spite of better than expected economic...
Tue, Sep 1 2009, 1:16 PM
Many mortgage lenders began yesterday with a conservative rates strategy after ealy weakness in the mortgage backed securities market. But as the day ...
Mon, Aug 31 2009, 11:36 AM
Even though price action in the secondary market was choppy and economic reports were better than expected, conventional 30 year par mortgage rates he...
Fri, Aug 28 2009, 11:19 AM
Mortgage rates continue to hold steady as prices of mortgage backed securities keep to a confined range. Economic data yesterday was as expected and ...
Thu, Aug 27 2009, 11:42 AM
Mortgage rates haven't moved much this week as prices of mortgage backed securities continue to bounce around a range. Yesterday's highlight was the T...
Wed, Aug 26 2009, 11:41 AM
Mortgages rates made modest improvements after prices mortgage backed securities managed to rally for a second straight day yesterday. Although MBS pr...
Tue, Aug 25 2009, 12:44 PM
Mortgage rates are holding steady even as stocks continue to make new 2009 highs. After some early morning selling pressure yesterday, prices of mortg...
Mon, Aug 24 2009, 10:52 AM
After bouncing around a wide range last week, prices of mortgage backed securities returned to Monday's opening levels on Friday, forcing lenders to i...
Fri, Aug 21 2009, 12:57 PM
Mortgage rates continue to hold steady in a range near two month lows. Despite some selling pressure after stronger than expected morning data yeste...
Thu, Aug 20 2009, 12:58 PM
Although secondary mortgage markets bounced around a wide range, mortgage rates held steady yesterday. At the start of the day, MBS moved considerabl...
Wed, Aug 19 2009, 10:59 AM
Mortgage rates lost some ground after prices of mortgage backed securities moved lower following a stock market rebound yesterday. To remind readers,...
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