What’s up in Mortgage Today – 7.21.23
MBS are up 14 bps this morning. Stocks up 12.67 It's a summertime Friday in the bond market, so anything can happen. Bonds could undertake a huge rally or sell-off without any clear [...]
What’s up in Mortgage Today – 7.20.23
MBS down 45 bps on the day. Stocks down 11.3 points as well. A lose-lose Bonds were already several bps into negative territory to start the day but are adding to the losses [...]
Key Takeaways of Chris Williamson Interview with Alex Hormozi
Key Takeaways People live out all of the potential downsides in the mere reflection of what other people will think about them in the future, should they fail Shame only exists in the shadows; identify when [...]
What’s up in Mortgage Today – 7.18.23
MBS up 16 bps on open. Stocks flat. Bonds rallied overnight due to a sharper rally in EU bonds. 10yr yields dropped to 3.743 before Retail Sales data and rallied slightly afterward. Pushback [...]
Do Not Underestimate Your Opponent Hubris is the only thing that upsets the people on the top
Reading Notes For: Do Not Underestimate Your Opponent You gain nothing from underestimating your opponent. Hubris is the only thing that upsets the people on the top of the mountain. There [...]
Mortgage Market Week in Review – Week of 2/27/23
Stocks open flat after a week of historic gains as China's Q2 growth falls short of estimates. Banks downgrade China's growth forecasts, risking Beijing's GDP target. Yields decline due to lower inflation, but [...]
What’s up in Mortgage Today – 7.14.23
Proving that you can't win them all, MBS are down 30 bps on the morning. Stocks up 12 points. UMBS 5.5 coupons were just down nearly 3/8ths of a point. A split second [...]
What’s up in Mortgage Today – 7.13.23
Mortgage Today: MBS and Stocks Rally After Lower-Than-Expected CPI Data Core CPI came in below expectations, at 0.2% month-over-month, annualizing to 2.4%. This is seen as a sign that inflation may be peaking, [...]