Thu, Oct 2 2014, 3:13 PM
Mortgage rates were mixed today , depending on the lender. Some rate sheets were slightly better or worse than yesterday's latest, but the broader ...
Wed, Oct 1 2014, 12:35 PM
It's asking quite a lot to believe that the single most consistent source of guidance and inspiration for trading levels--economic data--is pretty muc...
Wed, Oct 1 2014, 7:39 AM
Today is the first day of a new month and new quarter, and Octobers have historically been active for bond markets. That leaves us to wonder whether ...
Wed, Oct 1 2014, 5:42 PM
There's little else today's recap can offer that hasn't already been covered in the mid-day commentary. Check that out here: Strong Bond Market Rall...
Wed, Oct 1 2014, 4:39 PM
Mortgage rates moved definitively lower today , restoring almost all of the ground lost during September's weakness. This has been a gradual proces...
Tue, Sep 30 2014, 12:38 PM
The relevance of month/quarter-end trading considerations isn't limited to the US Treasury market. Month-end for German bond markets (the largest in ...
Tue, Sep 30 2014, 7:32 AM
It continues to be the case that economic data is guilty until proven innocent. The crime? Not being very relevant in terms of market movement compa...
Tue, Sep 30 2014, 4:30 PM
Month/Quarter-end trading dynamics made for a volatile day in the context of the recent range. It wasn't so much that the moves were big, just that t...
Tue, Sep 30 2014, 3:54 PM
Mortgage rates were slightly higher today leaving September s one of only 3 months this year with noticeable upward movement. Things could have be...
Mon, Sep 29 2014, 12:24 PM
MBS and Treasuries are both in distinctly stronger territory today after an overnight rally that reached it's zenith by 9am. There are quite a few fa...
Mon, Sep 29 2014, 7:43 AM
After September's big move higher in rates cooled off, we've been left in limbo , to some extent. There certainly hasn't been a painful continuation...
Mon, Sep 29 2014, 4:51 PM
Bond markets were in the throes of a late overnight session rally by the time the domestic session began. The rally began at 6:30am Eastern time and ...
Mon, Sep 29 2014, 3:19 PM
Mortgage rates fell at a healthy pace today, bringing them to the lowest levels since September 9th. Gains in bond markets help rates move lower a...
Fri, Sep 26 2014, 7:34 AM
Will GDP finally be the piece of economic data that actually moves markets? No... but it might play that role on TV. I'm serious actually.
Mark...
Fri, Sep 26 2014, 5:20 PM
In case you missed it, today saw one of the biggest ever market reactions to a personnel announcement. Get caught up HERE if you like. There is ...
Fri, Sep 26 2014, 4:17 PM
Mortgage rates rose just slightly today, but the move was so small that some lenders are unchanged or even a bit better than yesterday. On top of ...
Fri, Sep 26 2014, 1:33 PM
GDP came in this morning at a whopping +4.6%, so bond markets are losing ground due to the strong economic data, right?
Wrong...
Bond markets mo...
Thu, Sep 25 2014, 12:23 PM
Once again, economic data has been a non-event in terms of market movement. Instead, two other sources of inspiration clearly stand out for US bond...
Thu, Sep 25 2014, 7:41 AM
Things are finally getting interesting again for bond markets after almost all of 2014 has been relatively boring. Unfortunately, what's interesting ...
Thu, Sep 25 2014, 5:16 PM
Yesterday's sell-off was somewhat disconcerting as it raised the possibility that the push back against September's weakness had run out of steam. ...
Thu, Sep 25 2014, 3:55 PM
Mortgage rates fell back in line with recent lows
after a disconcerting move higher yesterday. In general, rates are
still in the process of b...
Wed, Sep 24 2014, 12:50 PM
Overnight Treasury trading was nothing to write home about. 10yr yields began the day very close to 'unchanged' after initial weakness during Asian h...
Wed, Sep 24 2014, 7:32 AM
If you have TV, Internet, or if you speak to any other humans, it's hard to miss the fact that stocks have been on an exceptionally linear, multi-year...
Wed, Sep 24 2014, 5:36 PM
Today started off well enough for MBS and Treasuries. Although the first part of the overnight session was a bit weaker, European trading helped get ...
Wed, Sep 24 2014, 3:55 PM
Mortgage rates moved higher today ,
ending a winning streak that began last Friday. That positivity
provided a much-needed push back against th...
Tue, Sep 23 2014, 12:29 PM
Once again, bond markets came into the domestic session at slightly stronger levels and have more or less flat-lined. Fannie 3.5s have held inside ...
Tue, Sep 23 2014, 7:25 AM
I'm not exactly sure why the presence of economic data (or lack thereof) is worthy of a spot in any headlines relating to the day's market outlook. F...
Tue, Sep 23 2014, 5:21 PM
While mortgage rates aren't based on Treasuries, broader bond market trends are much more easily considered in the context of 10yr yields. Those cros...
Tue, Sep 23 2014, 3:45 PM
Mortgage rates were lower for a 3rd straight day, effectively confirming that markets hadn't merely paused for reflection on a determined move to n...
Mon, Sep 22 2014, 12:31 PM
This morning's Existing Home Sales data was slightly weaker than expected. The annual pace fell to 5.05 mln from 5.15 mln last month. Expectations...
Mon, Sep 22 2014, 7:32 AM
This will be a relatively busy week for economic data and scheduled events. No single item stands out as an epic potential market mover, but the tea...
Mon, Sep 22 2014, 5:36 PM
Today's session ended up being much like last Thursday's in that a narrow trading range persisted all day and never made a convincing attempt to mov...
Mon, Sep 22 2014, 4:16 PM
Mortgage rates continued lower at a moderate pace for a second straight day, raising hopes that markets might be pushing back against the existing ...
Fri, Sep 19 2014, 12:52 PM
Both MBS and Treasuries are back in line with trading levels from the close of business on Tuesday. Today's gains have been moderate during the domes...
Fri, Sep 19 2014, 7:34 AM
Yesterday's session was too close to call as far as being a positive or negative epilogue to Wednesday's FOMC day. While it's always positive to not ...
Fri, Sep 19 2014, 4:00 PM
Most of the conceptual analysis of today's action was already covered in the Mid-Day . There were no significant developments into the afternoon, bu...
Fri, Sep 19 2014, 3:18 PM
Mortgage rates moved slightly lower
today after hitting the highest levels in more than 4 months
yesterday. There were no significant economic...
Thu, Sep 18 2014, 12:39 PM
Occasionally the days after FOMC Announcements can can offer more volatility and faster-paced movement than that seen on the day of the announcement. ...
Thu, Sep 18 2014, 7:32 AM
With the Fed-related events out of the way, we'll finally get to see how much they mattered. Yesterday's initial market reaction--while negative--was...
Thu, Sep 18 2014, 5:01 PM
Today turned out to be spooky, or at least 'uninformative' from a market-watching standpoint. Here we have an active trading day following a hotly-...
Thu, Sep 18 2014, 3:49 PM
Mortgage rates only moved slightly higher today for most lenders. Some lenders were unchanged from yesterday, but on average, rates inched up to m...
Wed, Sep 17 2014, 12:35 PM
Bond markets were slightly stronger again overnight but in the context of the past few weeks, we're essentially flat for the past 3 days. This consol...
Wed, Sep 17 2014, 7:24 AM
Today brings the biggest set of events in weeks, perhaps months. Starting at 2pm, the FOMC (aka "the Fed") releases it's official policy statement an...
Wed, Sep 17 2014, 5:30 PM
Mortgage rates moved higher at a moderate pace today after the Fed reiterated their intentions regarding the gradual tightening of monetary policy....
Wed, Sep 17 2014, 5:19 PM
As far as Fed days go, this one was pretty tame. That's especially true if we consider the amount of hype and anxiety associated with this particular...
Wed, Sep 17 2014, 2:03 PM
Information received since the Federal Open Market Committee met in July
suggests that economic activity is expanding at a moderate pace. On
balan...
Tue, Sep 16 2014, 12:18 PM
It's generally been another uneventful day in the shadow of tomorrow's FOMC events. There just hasn't been anything on the calendar or any unschedu...
Tue, Sep 16 2014, 7:33 AM
What are we even supposed to do with today? Whether from the standpoint of market participant or market watcher, there's precious little to care ab...
Tue, Sep 16 2014, 4:30 PM
Bond markets had their ups and downs today, but ultimately, none of it really matters in the bigger picture. Whether we look at where trading levels ...
Tue, Sep 16 2014, 3:12 PM
Mortgage rates experienced their first genuine improvement of the month today. The gains were nothing if not very small, but they ended an uncom...
