Mon, Nov 2 2009, 2:45 PM
As trader's prepare to mark their books at 3pm, stocks are off the lows, benchmark TSYs yields are moving higher, and rate sheet influential MBS coupo...
Mon, Nov 2 2009, 1:04 PM
Last week ended on positive note for mortgage backed securities and mortgage rates. As stock indexes fell, market participants re-allocated portfolios...
Fri, Oct 30 2009, 11:10 AM
Phew. I took a risk this morning and decided NOT to issue an ALERT when benchmark yields starting rising at 10:30.
In a choppy marketplace, when pr...
Fri, Oct 30 2009, 11:09 AM
Mortgage rates rose yesterday after a better than expected advance read on third quarter GDP sent benchmark yields higher early in the trading sessio...
Fri, Oct 30 2009, 8:33 AM
Fri, Oct 30 2009, 5:35 PM
Fri, Oct 30 2009, 3:47 PM
Heading into the 5pm 'LENDERS ARE REPRICING' marking period....the FN 4.0 is +0-14 at 98-20 yielding 4.143% and the FN 4.5 is trading +0-13 at 101-0...
Fri, Oct 30 2009, 2:13 PM
Thu, Oct 29 2009, 12:58 PM
Mortgage rates fell a few basis points yesterday as benchmark Treasury yields moved lower in the range. The extended rally in the rates market helped ...
Thu, Oct 29 2009, 11:43 AM
As the session has progressed, stocks have meandered higher and the benchmark rates market has consistently weakened as traders gladly welcomed the op...
Thu, Oct 29 2009, 8:57 AM
The bond market's reaction to 830AM data was not originator friendly. Cash market TSY yields are higher. The 10yr TSY note is trading -0-15 at 101-1...
Thu, Oct 29 2009, 6:00 PM
Thu, Oct 29 2009, 3:33 PM
Thu, Oct 29 2009, 1:45 PM
Thu, Oct 29 2009, 1:03 PM
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...
Wed, Oct 28 2009, 11:15 AM
The FN 4.0 is +0-10 at 98-15 yielding 4.159% while the FN 4.5 is trading 7/32nds higher at a bid of 100-30 yielding 4.387%. The secondary market curre...
Wed, Oct 28 2009, 9:34 AM
Currently the FN 4.0 is trading +0-04 at 98-09 yielding 4.178% and the FN 4.5 is +0-02 at 100-25 yielding 4.406%. The secondary market current coupon ...
Wed, Oct 28 2009, 5:35 PM
Wed, Oct 28 2009, 3:42 PM
Wed, Oct 28 2009, 1:20 PM
After an initial "knee jerk" move lower in price, the rates market is back to its best levels of the day. The 10yr note is currently +0-10 yielding 3....
Tue, Oct 27 2009, 11:20 AM
The FN 4.0 is currently +0-10 at 97-27 yielding 4.223% while the FN 4.5 is +0-08 at 100-16 yielding 4.442%. The secondary market current coupon is 4.4...
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...
Tue, Oct 27 2009, 9:13 AM
Ahead of data, the FN 4.0 was +0-00 at 97-17 yielding 4.253% while the FN 4.5 was trading +0-02 at 100-10 yielding 4.465%. The secondary market curren...
Tue, Oct 27 2009, 4:55 PM
Tue, Oct 27 2009, 3:27 PM
The FN 4.0 is trading +0-15 at 98 "rock" (trader jargon for 98-00. Could also say 98 no level all handle, 98 even, 98 the figure) yielding 4.422% whil...
Tue, Oct 27 2009, 1:02 PM
Mon, Oct 26 2009, 12:07 PM
In the spirit of the week, MBS and TSY's endured somewhat of a scare this AM. FN 4.5 MBS fell to 100-06+, which would put it below some very important...
Mon, Oct 26 2009, 9:41 AM
Higher benchmark yield have led "rate sheet influential" MBS prices lower. The FN 4.0 is currently -0-05 at 97-25 while the FN 4.5 is -0-06 at 100-14.
Mon, Oct 26 2009, 8:17 AM
The FN 4.0 is trading -0-01 at 97-29 yielding4.215% and the FN 4.5 is -0-01 at 100-18 yielding 4.434%.The secondary market current coupon is 4.39%. Th...
Mon, Oct 26 2009, 5:07 PM
Mon, Oct 26 2009, 4:02 PM
The FN 4.0 is currently -0-11 at 97-18 yiedling 4.247%. and the FN 4.5 is -0-11 at 100-08 yielding 4.469. The secondary market current coupon is 4.436...
Mon, Oct 26 2009, 2:12 PM
The FN 4.0 is currently 0-10 at 97-21 yielding 4.241% while the FN 4.5 is trading -0-09 at 100-11 yielding 4.461%. The secondary market current coupon...
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, 11:15 AM
The FN 4.0 is currently -0-05 at 98-01 yielding 4.203% while the FN 4.5 is trading 6/32 lower at 100-20 yielding 4.426%. The secondary market current ...
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 ...
Fri, Oct 23 2009, 8:45 AM
The 10yr TSY note is -17/32 at 101-07 yielding 3.481%. The FN 4.0 is -0-09 at 97-29 yielding 4.215% while the FN 4.5 is trading -0-07 at 100-19 yieldi...
Fri, Oct 23 2009, 6:23 PM
It is no secret that the most widely discussed topic of the week was: The Range Trade
Our analysis relied upon the random price action of intraday ...
Fri, Oct 23 2009, 2:53 PM
The FN 4.0 is currently -0-03 at 98-03 yielding 4.196% and the FN 4.5 is trading -0-04 at 100-22 yielding 4.418%. The secondary market current coupon ...
Thu, Oct 22 2009, 11:29 AM
The FN 4.0 is currently +0-01 at 98.06 yielding 4.187% while the FN 4.5 is trading -0-02 at 100-25 yielding 4.406. The secondary market current coupon...
Thu, Oct 22 2009, 8:14 AM
Rates are rising ahead of the 11am TSY supply announcement. Benchmark TSY traders not so much focused on BIG PICTURE or data....traders more concerned...
Thu, Oct 22 2009, 4:57 PM
Thu, Oct 22 2009, 3:51 PM
Heading into the 5pm marking period, the FN 4.0 is trading +0-04 at 98-09 yielding 4.178% while the FN 4.5 is +0-02 at 100-29 yielding 4.391%. The sec...
Thu, Oct 22 2009, 1:51 PM
Considering the improvements in the secondary market, you are likely looking for a little more reprice for the better love from lenders...don't hold y...
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...
Wed, Oct 21 2009, 11:54 AM
Coming up with creative ways to convey the same sentiment is taxing, even for hyperactive extroverts...
Yes, it's still a range, but today gives us...
Wed, Oct 21 2009, 10:18 AM
The 10yr TSY note yield has pushed through 3.40% and is currently testing 3.42%. This down trade in TSYs has forced "rate sheet influential" MBS price...
Wed, Oct 21 2009, 9:30 AM
Weakness in rate sheet influential benchmarks is pushing rate sheet influential MBS prices lower this morning. The FN 4.0 is currently -0-07 at 98-05 ...
Wed, Oct 21 2009, 5:02 PM
