Fri, May 11 2012, 7:31 AM
The pace of data and events slows down appreciably today as the Treasury Auction cycle, MBS settlement, and most of the week's economic data is behind...
Fri, May 11 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual obse...
Fri, May 11 2012, 2:21 PM
Mortgage Rates improved moderately today as European turmoil continues to benefit domestic interest rates. Yesterday's late news of a $2 bln tr...
Thu, May 10 2012, 11:47 AM
MBS Live : MBS Morning Market Summary
We don't say the following in an attempt to be funny, but markets are flat again. It feels like we continu...
Thu, May 10 2012, 7:53 AM
History was made on Wednesday as the US Treasury assigned it's first ever 1.75% coupon to a 10yr Treasury auction. That's more of a piece of water-co...
Thu, May 10 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
After days and days watching MBS get ground into the ceiling at all-time highs despite falling Trea...
Thu, May 10 2012, 2:24 PM
Mortgage Rates were generally unchanged today , keeping them near their recent and all-time lows . Lately, mortgage rates have been holding increa...
Wed, May 9 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
MBS and Treasuries both opened up at strong levels, the former at all-time highs, and the latter at the lo...
Wed, May 9 2012, 8:02 AM
Tuesday wasn't a good day to be MBS, at least not compared to Treasuries. We began the session with less by way of overnight improvements, gained les...
Wed, May 9 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
This may be the last time we get to say this for a while but MBS--particularly
Fannie 3.5's--just...
Wed, May 9 2012, 3:13 PM
Mortgages rates held steady for the most part today, despite relatively volatile movements in underlying markets. Actually, the bond markets of wh...
Tue, May 8 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
New All Time Highs For MBS!!!! Wait... It's sort of anti-climactic really. Rate sheets aren't much ...
Tue, May 8 2012, 8:40 AM
Diligent readers of this commentary might ask themselves: "I wonder if those guys know how much FLAT, DEAD, BORING, and SIDEWAYS has been in the comme...
Tue, May 8 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
In the intermediate term (about a month, perhaps), MBS have been utterly and completely outperforme...
Tue, May 8 2012, 3:25 PM
Mortgages rates were able to scrape together some minor improvements today but continue to have an exceedingly tough time keeping pace with the res...
Mon, May 7 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Without anything else on the calendar and the more significant European-election-inspired convulsions...
Mon, May 7 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Monday turned out to be a non-starter as MBS and Treasuries spent another day doing their favorite activi...
Mon, May 7 2012, 2:54 PM
Mortgages rates continue to operate at their best levels since early February following Friday's weaker-than-expected Employment Situation report. ...
Sun, May 6 2012, 6:27 PM
This week's data calendar is exceptionally light with the exception of Fed speakers and a round of Treasury Auctions. The Fed-speak could prove somew...
Fri, May 4 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
All the vital details are pretty much covered in the updates and featured comments below. NFP came in weak...
Fri, May 4 2012, 7:24 AM
The extent to which bond markets have been able to maintain a narrow range since the previous INFP has been nothing short of impressive. Certainly, n...
Fri, May 4 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Hitting all time highs in production MBS never felt so uneventful... In fact, it almost felt like ...
Fri, May 4 2012, 3:44 PM
Mortgages rates are at their best levels since early February following today's weaker-than-expected Employment Situation report. The improvement ...
Thu, May 3 2012, 11:16 AM
MBS Live : MBS Morning Market Summary
The day started off with a reasonably challenging tone for bond markets. Even now, 10yr yields are u...
Thu, May 3 2012, 7:54 AM
Wednesday began in slightly better territory right from the outset as the European debt helped US Treasuries kick off the session with about half of T...
Thu, May 3 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
This morning LOOKED like it might buck the trend and actually provide some semblance of directional...
Thu, May 3 2012, 3:16 PM
Mortgages rates are unchanged to slightly higher today. The change is so minimal that for all intents and purposes, you might as well consider rat...
Wed, May 2 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
The headline above is carefully chosen. At first blush, we might consider this morning's stronger bo...
Wed, May 2 2012, 7:40 AM
Market response to ADP's report on private payrolls is about as "hit or miss" as its short term correlation with NFP private payrolls component. Inte...
Wed, May 2 2012, 4:44 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Wed, May 2 2012, 3:13 PM
Mortgages rates are unchanged to slightly lower today, after shying away from multi-month lows yesterday. A weaker than expected employment report ...
Wed, May 2 2012, 2:12 PM
At current near-record levels of consumer mortgage rates, and with MBS prices grinding higher, a natural question is whether rates are poised to p...
Tue, May 1 2012, 11:08 AM
MBS Live : MBS Morning Market Summary
Following yesterday's weaker-than-expected Chicago PMI report, markets were geared up for a similar...
Tue, May 1 2012, 7:28 AM
Other than the sheer lack of volume/participation, Monday's most notable feature turned out to be Chicago's ISM numbers. The drop from 62.2 last mont...
Tue, May 1 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
The closer and closer we get to 5pm, the more it seems that this morning's ISM-inspired sell-off wi...
Tue, May 1 2012, 2:53 PM
Just before reaching fresh multi-month lows, Mortgages Rates rose slightly today after a stronger than expected read on the manufacturing sector....
Mon, Apr 30 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
Despite a much weaker-than-expected Chicago PMI, bond markets have generally been content trading in ...
Mon, Apr 30 2012, 7:45 AM
Bond markets traded in jaw-droppingly narrow ranges last week given the presence of the FOMC events (announcement, forecasts, press conference) and Q1...
Mon, Apr 30 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
MBS and Treasuries looked like they might have been drifting into slightly better territory in the first ...
Mon, Apr 30 2012, 3:54 PM
Mortgages Rates are moderately improved to begin the week, taking them slightly lower than than April's best two days (4/10 and 4/23) and as close ...
Fri, Apr 27 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
"You shall not pass!" Resistance levels in bond markets joined the ranks of Gandalf and The Black Knight i...
Fri, Apr 27 2012, 7:20 AM
Thursday turned out to be ridiculously narrow given that it followed FOMC Day. Then again, if you tend to agree with the assessment that Bernanke and...
Fri, Apr 27 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
This is the third Friday in a row where we've looked back on what we would have thought would be a...
Fri, Apr 27 2012, 1:47 PM
Mortgages Rates are unchanged from yesterday, capping an extremely flat and historically low week. The FOMC events on Wednesday gave lenders some ...
Thu, Apr 26 2012, 11:14 AM
MBS Live : MBS Morning Market Summary
Little has changed for MBS and Treasuries following this morning's Jobless Claims numbers. The slightly we...
Thu, Apr 26 2012, 7:40 AM
Although it's a net positive to see MBS and Treasuries hold their ground at recent levels following yesterday's FOMC events, it does complicate things...
Thu, Apr 26 2012, 6:22 PM
Mortgages Rates are back down to Tuesday's levels, near the lowest in several months. Yesterday's FOMC-related events caused lenders to price rate s...
Thu, Apr 26 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
By the time all is said and done today, both MBS and Treasuries are heading toward 5pm roughly in l...
Thu, Apr 26 2012, 2:57 PM
While servicing valuations and the various adjusters are the most obvious factors impacting loan execution and pricing, the price spread between diffe...
Wed, Apr 25 2012, 12:41 PM
subtractions in red and struck-through, additions in green and underlined...
Information received since the Federal Open Market Committee met in ...
