Tue, Sep 29 2009, 12:31 PM
Despite a rally in equity markets, prices of mortgage-backed securities moved higher yesterday. No economic data was released, trading volume was ver...
Mon, Sep 28 2009, 11:27 AM
Despite mixed economic reports last week, mortgage rates held near four month lows as prices of mortgage-backed securities approached four month highs...
Fri, Sep 25 2009, 12:53 PM
Mortgage rates moved lower a few basis points yesterday after prices of mortgage backed securities steadily appreciated throughout the day. At 5pm, MB...
Thu, Sep 24 2009, 10:47 AM
The secondary mortgage market went on quite a ride yesterday! Following a weaker than expected 5 year Treasury note auction, market participants hurri...
Wed, Sep 23 2009, 10:49 AM
Mortgage rates were mostly unchanged yesterday as the economic calendar was empty and the market settled in for another FOMC statement. Prices of mort...
Tue, Sep 22 2009, 10:48 AM
After holding steady near the top of the current trading range, mortgage backed securities came under selling pressure yesterday afternoon as stocks r...
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...
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