Do the thing, and YOU Shall Have the Power
In the monumentally great book THE SLIGHT EDGE, the author repeatedly makes the point that Do the thing, and YOU Shall Have the Power Meaning that you must DO the hard thing, [...]
What’s up in Mortgage Today – 5.10.23
Mortgage-backed securities (MBS) rose by 19 basis points (bps) and stocks went up by 6 points following the release of Consumer Price Index (CPI) numbers. Bond prices were unchanged before the release of [...]
What’s up in Mortgage Today – 5.9.23
On Tuesday, MBS fell 11 bps early, while stocks also declined by 11 points. However, the 10-year treasury remained flat, and bonds were sideways to slightly stronger overnight. The dollar edged higher, and [...]
How Does the Bond Market Impact Mortgage Rates
The bond market has a significant impact on mortgage rates, and understanding this relationship is crucial for anyone looking to buy or refinance a home. In this article, we will explore how the bond market [...]
What’s up in Mortgage Today – 5.5.23
The US bond market weakened further after the release of stronger than expected non-farm payroll data. The 10-year yield climbed 7 basis points and MBS lost a quarter-point. The jobs report showed the [...]
What’s up in Mortgage Today – 5.4.23
The MBS were up by 3 basis points in the morning, while bonds remained unchanged during the domestic session. The ECB's announcement had almost no impact on the bond market, and the only [...]
HOW does the Federal Reserve change Interest Rates
The Federal Reserve, also known as the Fed, is the central bank of the United States, responsible for controlling the nation's monetary policy. One of the most important tools the Fed has for managing the [...]
What’s up in Mortgage Today – 5.3.23
Quite the open on the markets. MBS up 33 bps, the 10 yr down only 3, stocks up 8. Bonds were unchanged for the first half of the overnight session, largely because they [...]