What’s up in Mortgage Today : 4.3.23
MBS up 5 bps on the open. Stocks up a bit Bonds lost ground the moment overnight trading opened on Sunday night owing to a quick surge in oil prices (driven by an [...]
31 Laws – Fourth 5
Reading Notes for: Peter Diamandis’ 32 Laws 16. Patience is a virtue, but persistence to the point of success is a blessing. Recently heard a rap song that said “I [...]
What’s up in Mortgage Today – 3.29.23
MBS are down 6 bps on the morning. Bonds began the overnight session at unchanged levels and held close to there through 4am ET. EU bonds rallied and faded over the next 4 [...]
31 Laws – Third
Reading Notes for: Peter Diamandis’ 32 Laws 11. When faced without a challenge, make one. Everything worth doing is hard. When you progress, step-by-step, toward a goal this is important [...]
What’s up in Mortgage Today – 3.27.23
MBS down 53 bps on the day. Stocks up about 25 points. Bonds were much weaker overnight with no new news on the banking contagion front. Stronger data in Germany and zero usage [...]
Mortgage Market Week in Review – Week of 3.24.23
Monday - March 20, 2023 MBS down 9 bps to start the week. Treasuries hit their lowest yields since September right at the start of the European trading session as the UBS takeover [...]
What’s up in Mortgage Today – 3.24.23
Wild morning on the bond market. MBS now down 2 bps. Though there was 26 bps of movement (both directions) to get here. Back to "Zero Days" Without a Systemic Banking Contagion Flare-Up. [...]
What’s up in Mortgage Today – 3.23.23
UMBS are up 8 bps and S&P up 37 points. Bonds began the overnight session drifting very gently stronger but began losing ground during European trading hours. Several central banks hiked rates as [...]