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,...
Tue, Aug 18 2009, 12:44 PM
Following a global sell in equities yesterday, prices of mortgage backed securities rose into a range not visited since late July. The rally in second...
Mon, Aug 17 2009, 12:22 PM
Mortgage rates are inching lower as prices of mortgage backed securities continue to move higher today. To remind readers, mortgage rates are set by ...
Fri, Aug 14 2009, 12:47 PM
Following weaker than expected data on retail sales and higher unemployment claims, consumer borrowing costs declined yesterday. Led by a post auctio...
Thu, Aug 13 2009, 12:17 PM
We had quite a volatile day yesterday. MBS prices moved to the lows of the day immediately following the 10 year treasury auction and then even lower ...
Wed, Aug 12 2009, 12:16 PM
Mortgage rates improved yesterday after prices of mortgage-backed securities moved higher for a second straight session. Yesterday’s trading action w...
Tue, Aug 11 2009, 12:58 PM
After a brutal last week were mortgage rates moved .50% higher, mortgage backed securities managed to start this week in rally mode. To remind reade...
Mon, Aug 10 2009, 11:08 AM
In what was a volatile week, prices of mortgage backed securities moved progressively lower which unfortunately forced lenders to raise the par 30 yea...
Fri, Aug 7 2009, 12:53 PM
Early reports from fellow mortgage professionals are indicating higher rates this morning. The par 30 year conventional rate mortgage is now in the 5...
Thu, Aug 6 2009, 12:28 PM
Weaker than expected economic data on the services sector of our economy lead to a brief rally in mortgage backed securities yesterday. However, as t...
Wed, Aug 5 2009, 1:36 PM
This morning, mortgage backed securities began to continue their recent trend of moving lower in price which tends to increase mortgage rates, however...
Tue, Aug 4 2009, 12:33 PM
Following better than expected manufacturing data, domestically and abroad, Treasuries and Mortgage Backed Securities sold off yesterday, returning al...
Mon, Aug 3 2009, 11:58 AM
Last week mortgage rates were up, then they were down, then they were up, then on Friday they finally moved under 5% again. Following a successful auc...
Fri, Jul 31 2009, 12:24 PM
The roller coaster theme continued yesterday but in reverse from the prior two days. If you recall, on both Tuesday and Wednesday mortgage backed se...
Fri, Jul 31 2009, 6:16 PM
Not too often do we see a MBS rally on Friday, but it is happening today. Currently MBS are up .75 basis points which has resulted in most lenders r...
Thu, Jul 30 2009, 11:38 AM
The theme of the week continues. Mortgage backed securities were again unable to hold onto early morning gains following a less than expected Durable...
Wed, Jul 29 2009, 11:59 AM
The roller coaster theme of recent weeks continues. Yesterday mortgage backed securities were unable to hold onto impressive early morning gains follo...
Tue, Jul 28 2009, 12:52 PM
Reports from fellow mortgage professionals are indicating that mortgage rates are improved this morning. The par 30 year conventional rate mortgage i...
Mon, Jul 27 2009, 1:24 PM
Last week was roller coaster for mortgage backed securities. After a nice rally on Tuesday and Wednesday which brought the par 30 year fixed rate mor...
Fri, Jul 24 2009, 11:02 AM
In what has become a common occurrence of late, mortgage rates failed to hold below 5%. Following a sizeable rally earlier in the week, mortgage back...
Thu, Jul 23 2009, 12:18 PM
Mortgage rates ticked lower yesterday after mortgage backed securities rallied on Tuesday. However, yesterday weakness in fixed income began to snowba...
Wed, Jul 22 2009, 11:09 AM
Mortgage backed securities and treasuries went on quite a rally yesterday following Ben Bernanke’s first day of testimony on Capitol Hill. After open...
Tue, Jul 21 2009, 1:02 PM
Reports from fellow mortgage professionals indicate that mortgage rates are a few basis points lower today. This places the par 30 year conventional...
Mon, Jul 20 2009, 12:41 PM
Last week proved to be tough for mortgage backed securities. Many mortgage professionals and consumers alike cheered as rates opened Monday at 4.875%...
Fri, Jul 17 2009, 12:43 PM
Mortgage backed securities managed to stabilize yesterday
and recapture most of the losses over the previous couple of
days. This improvement ...
Thu, Jul 16 2009, 1:11 PM
Mortgage rates took another step higher yesterday following a 3% rally in the stock market. Tame inflation and “not as bad” industrial production numb...
Wed, Jul 15 2009, 12:38 PM
Mortgage backed securities had another losing day yesterday moving lower in price by .375 in discount. Many lenders did reprice for the worse as the ...
Tue, Jul 14 2009, 12:54 PM
After spending the majority of the session in a stable range yesterday, prices of mortgage backed securities lost their steadiness and ticked lower h...
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