Mortgage Today 05/21/24: UMBS Up 18 bps, Nvidia’s Key Role, Fed’s Cautious Stance
UMBS pushing into the green, up 14 bps, in the first hour of trading. Wall Street was poised to open steady on Tuesday as traders retreated to the sidelines ahead of results from [...]
Mortgage Today 05/20/24: UMBS Down 5 bps, Millennials Dominate Mortgages, Fed Minutes Awaited
UMBS opened down 5 bps today. S&P futures up 9.5 points. The week ahead won't have much in the way of market-moving data, although we will get quite a bit of Fed-speak. We [...]
Mortgage Today 05/07/24: UMBS Gain Amid Rate Cut Optimism and Robust Home Equity Growth
UMBS opened Tuesday up 14 bps. Stock futures flat US equity futures pointed to a pause for Wall Street’s rally fueled by optimism that the Federal Reserve will start cutting interest rates this [...]
Mortgage Today 04/24/24: UMBS Drops as Global Tensions Weaken Bonds, Despite Robust New Home Sales Data
UMBS opened down 11 quick basis points. Bonds were weaker in the overnight session on a combination of anxiety over potential Treasury selling in Japan and stronger data in Europe. Comments from an [...]
Conquer Sales Resistance: Defeat Creative Blocks with Steve Pressfield’s Wisdom!
????️ Conquer Your Inner Battles with "The War of Art" by Steve Pressfield ???? Dive into the ultimate guide to defeating creative blocks, self-doubt, and procrastination. Sales professionals, discover how to overcome the [...]
Mortgage Today 04/11/24: UMBS Drops Amid Inflation Concerns & Weak Bond Auction Push 10-Year Yields Up
We were hoping for a bounce today. Did not get it. UMBS were down 4 bps after the first hour of trading today. Inflation at the wholesale level rose 0.2% in March and 2.1% YOY, [...]