Thu, Jan 19 2012, 10:58 AM
Building permits and housing starts in
December were both below levels reported in November 'according to data
released this morning by the Departme...
Thu, Jan 19 2012, 9:29 AM
This morning's bond market weakness is highly deceptive unless you take a closer look at when the various movements occurred and match the movements a...
Thu, Jan 19 2012, 8:10 AM
Bond markets traded almost exclusive sideways in the overnight session after reaching their weakest levels of the day late yesterday. This went on in...
Thu, Jan 19 2012, 4:20 PM
MBS Live : MBS RECAP
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FNMA 3.5
...
Thu, Jan 19 2012, 3:41 PM
Mortgage Rates worsened at a reasonably brisk pace today when compared with recent relative stability. Still, the movement remains confined to costs...
Thu, Jan 19 2012, 3:12 PM
MBS hit their highs of the day just after Philly Fed at 11AM and have been weaker ever since. 10yr yields made an attempt to hold their ground at 1.9...
Wed, Jan 18 2012, 11:29 AM
Home builder confidence rose in January
for the fourth consecutive month as builders saw more buyer traffic and
anticipated higher sales. The Nati...
Wed, Jan 18 2012, 11:20 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
...
Wed, Jan 18 2012, 10:29 AM
The
Federal Reserve does other things besides keep overnight Fed Funds at 0% for
years at a stretch. It releases some interesting stats on mortgages...
Wed, Jan 18 2012, 10:24 AM
After a glut of economic data this morning, MBS are roughly in line with pre -data levels, down 1/32 nds in Fannie 3.5 coupons. Although this m...
Wed, Jan 18 2012, 10:19 AM
Mortgage applications jumped 23.1
percent on a seasonally adjusted basis during the week ended January 13,
2012. The increase in the Market
Compo...
Wed, Jan 18 2012, 8:10 AM
The big story overnight cited an anonymous source within the IMF as saying the fund is proposing to boost its resources by $1 Trillion dollars. Short...
Wed, Jan 18 2012, 4:20 PM
MBS Live : MBS RECAP
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FNMA 3.5
...
Wed, Jan 18 2012, 2:54 PM
Mortgage Rates
continue to ebb and flow in the same pattern that has persisted for over a month. The average Best-Execution interest rate for a 30...
Wed, Jan 18 2012, 2:35 PM
Alert and video of the live price action from MBS Live (learn more... ) :
10yr yields dashed to their highs in the steepest and highest volume mo...
Wed, Jan 18 2012, 1:57 PM
"Perspectives on the housing market
depend on where you sit ," according to Freddie Mac's U.S.
Economic and Housing Market Outlook
for January. ...
Tue, Jan 17 2012, 11:20 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
103-08 : +0-01
...
Tue, Jan 17 2012, 10:16 AM
Bank cards were the only type of
consumer debt to see a decline in defaults during December according to data
released today by S&P Indices and Expe...
Tue, Jan 17 2012, 9:48 AM
The
Federal Budget and National Debt numbers are so large that it's often difficult
to get a grasp of just exactly how much money is being discussed...
Tue, Jan 17 2012, 8:42 AM
MBS are off to an uneventful start this morning, quickly capturing back some of the losses that took them near the lows of Friday's session. Similarl...
Tue, Jan 17 2012, 4:15 PM
MBS Live : MBS RECAP
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FNMA 3.5
...
Tue, Jan 17 2012, 3:08 PM
After setting new records on Friday, Mortgage Rates
are absolutely flat to start the week. That means that Best-Execution
remains most appropri...
Tue, Jan 17 2012, 2:24 PM
The
Appraisal Institute has apparently had enough and has decided to fight back
against what it perceives as unwarranted blame for depressed home...
Tue, Jan 17 2012, 2:15 PM
The Federal Deposit Insurance
Corporation ( FDIC ) has issued a notice of proposed rulemaking (NPR) for
comment. The NPR would require the
lar...
Tue, Jan 17 2012, 1:54 PM
Today has been overwhelmingly slow and uneventful for MBS and Treasury markets alike. Volume is lower than every day last week with the exception, pe...
Mon, Jan 16 2012, 11:15 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
103-07 : +0-05
...
Mon, Jan 16 2012, 10:55 AM
Remember
in the old days when all you had to worry about was trying to decipher lyrics
from folks like Mick Jagger and Van Morrison? Instead we are ...
Mon, Jan 16 2012, 4:15 PM
MBS Live : MBS RECAP
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FNMA 3.5
103-07 : +0-05
...
Fri, Jan 13 2012, 12:06 PM
The Chicago Board Options Exchange
(CBOE) will soon permit futures trading in housing through a derivative based
on the Radar Logic Composite Pric...
Fri, Jan 13 2012, 11:17 AM
There are
folks out there that believe doing Sudoku puzzles will stave off senility and Alzheimer's.
I don't do the puzzles, and don't believe the c...
Fri, Jan 13 2012, 11:15 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
103-10 : +0-08
...
Fri, Jan 13 2012, 10:35 AM
New York Fed President William Dudley
recently called for broad-based refinancing of performing home mortgages . It wasn't a statement that elicite...
Fri, Jan 13 2012, 8:15 AM
Volume was moderate overnight after a healthy session yesterday. 10yr yields rose to yesterday's highs around 1.94 around 230am this morning before c...
Fri, Jan 13 2012, 4:15 PM
MBS Live : MBS RECAP
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FNMA 3.5
...
Fri, Jan 13 2012, 3:54 PM
How many times will we have the opportunity to write this headline in 2012? Yet again, Mortgage Rates
on average, have broken recently set record...
Fri, Jan 13 2012, 2:52 PM
In both long and short term contexts, MBS's march to the top has been uncanny in terms of its stability and determination. Lately we've noted with in...
Thu, Jan 12 2012, 11:24 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
...
Thu, Jan 12 2012, 10:49 AM
Foreclosure activity hit its lowest level in four years in 2011, decreasing by a third from the previous year according to data released today by Rea...
Thu, Jan 12 2012, 10:36 AM
Did you
know that dolphins are so smart that within 2 weeks of being in captivity they
can train a human to stand on the edge of a pool and give the...
Thu, Jan 12 2012, 10:02 AM
Economic Data Recap:
Retail Sales - Perhaps the most anticipated report of the week, December Retail Sales, missed expectations this morning, r...
Thu, Jan 12 2012, 8:17 AM
Stocks are moderately higher overnight, led by European averages after much better-than-expected debt auctions in Spain and Hungary. S&P futures rose...
Thu, Jan 12 2012, 4:24 PM
MBS Live : MBS RECAP
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FNMA 3.5
...
Thu, Jan 12 2012, 3:11 PM
Mortgage Rates
held steady to slightly improved today. This comes after yesterday marked the first hint of rate drama we've seen in 2012, which wa...
Wed, Jan 11 2012, 11:24 AM
MBS Live : MBS MID-DAY
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FNMA 3.5
...
Wed, Jan 11 2012, 11:15 AM
As has been the case so many times of late, MBS are holding steady while benchmarks are trending. Fannie 3.5's are basically trading at opening level...
Wed, Jan 11 2012, 11:14 AM
The Office of Inspector
General ( OIG ) for the Federal Housing Finance Agency ( FHFA ) has released an
assessment of the FHFA's oversight of troub...
Wed, Jan 11 2012, 10:54 AM
Some would
say it is grim out there, and no, I am not talking about Hostess Brands, the manufacturer
of Twinkies, Ho Hos, and Ding Dongs cake snacks...
Wed, Jan 11 2012, 9:14 AM
There was a slight increase in mortgage
applications during the first week of 2012 according to data released this
morning by the Mortgage Bankers...
Wed, Jan 11 2012, 8:47 AM
From MBS Live this morning: It's ironic that the original lyrics to "Silent Night" were written in German ("stille nacht,") because our overnight se...
Wed, Jan 11 2012, 5:15 PM
Yesterday marked the first day in 2012 where Mortgage Rates
increased by any sort of statistically significant amount. Even so, it was only signi...
