What’s up in Mortgage Today – 1.12.23
MBS up 8 bps, improving .10 while writing this. The 10y down 7 early. Bonds were lower in the overnight session. Traders were clearly expecting a "whisper number" that was lower than the [...]
Traction 2
Post #2 in a multi-part series from the excellent book Traction by Gino Wickman Structure Your Company The Right Way: You must have 1 operating system for your company. Traction is your operating system. [...]
What’s up in Mortgage Today – 1.11.23
UMBS 5.5 up 17 bps on the open. Mostly trades in prediction of CPI coming tomorrow. Federal Reserve Chair Jerome Powell in remarks Tuesday refrained from commenting on the outlook for monetary policy [...]
What’s up in Mortgage Today – 1.10.23
UMBS down almost a quarter point early. Mostly from European hours as ECB made comments about the economy needing to slow down. Accelerated on the US open. Mostly gains taking and strategy for [...]
Traction 1
Post #1 in a mult-part series from the excellent book Traction by Gino Wickman Every Corporation has 6 components. Vision: You must create a compelling vision and be able to communicate it clearly. [...]
What’s up in Mortgage Today – 1.9.23
Monday - January 9, 2023 UMBS up 19 bps early. 10y flat. Stocks extended global gains in risk assets, driven by China’s reopening trade and expectations of slower rate hikes. The dollar weakened [...]
Mortgage Market Week in Review – Week of 1.6.23
Monday - January 2, 2023 Tuesday - January 3, 2023 European bond markets rallied yesterday and again in the overnight session. Reports are showing that European inflation is moderating. This resulted in our [...]
What’s up in Mortgage Today – 1.5.22 & 1.6.22
Thursday - January 5, 2023 UMBS down .41 on the open. The big bad actor this morning is the stronger ADP employment report. Traders continue to wait for evidence of increased slack in [...]