What’s up in Mortgage Today – 4.21.23
MBS down 3 bps so far. Stocks down 9 pts Wonders never cease, and there is a first time for everything. Today's example of those claims is as follows: we are going to [...]
What’s up in Mortgage Today – 4.20.23
MBS up 13 bps. Stocks down 18. Long before Jobless Claims and Philly Fed hit the wires, producer price inflation data in Germany came in lower than expected, sparking a decent rally at [...]
Have Fear?? Step! Go!
Reading Notes for: FEAR Fear is normal. Every person feels fear at some point. What should you do? Step. Step. Take the step. Step aggressively toward your fear—that is the step [...]
What’s up in Mortgage Today – 4.18.23
MBS up 9 bps. Stocks flat. The construction data this morning is almost never a relevant market mover for bonds and today's installment isn't much of an exception. There was a slight amount [...]
We are defeated one tiny, seemingly insignificant surrender at a time that chips away at who we should really be.
Reading Notes for: It wasn’t in a war. It wasn’t in a battle. It isn’t in a melee of fire and destruction that most of us succumb to weakness. We are [...]
Your Life is NOT a Part-Time Gig
Reading Notes for: EVERY DAY This isn’t a part-time gig. This isn’t punch the clock and go home for the day. You don’t get weekends off. No. Here: There’s no such [...]
What’s up in Mortgage Today – 4.12.23
MBS are up 8 bps. Stocks up 18. 10y is Flat The importance of today's CPI report may have seemed overstated on the approach, but the market's reaction to the merely AS-EXPECTED core [...]
What’s up in Mortgage Today – 4.11.23
MBS down 9 bps. Stocks flat. With the global financial market finally out of holiday weekend mode, US bond trading hasn't found any new inspiration for better or worse. Trading was almost perfectly [...]