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 [...]
Why should Loan Officers Care about the Bond Market?
Loan officers, listen up! I know you're busy trying to approve loans left and right, but have you ever stopped to think about the bond market? I mean, really think about it? No? Well, maybe [...]
What’s up in Mortgage Today – 5.2.23
In the morning, MBS were up 11 bps. Treasury down 13. Stocks down 25 points early. After being closed for the May Day holiday, EU markets were back in action this morning. Data [...]
What’s up in Mortgage Today – 5.1.23
MBS down 23 bps on the day. Stocks flat The big news out just before the open this morning is that JPM has agreed to purchase First Republic Bank's (FRC) assets and assume [...]
What’s up in Mortgage Today – 4.28.23
Yesterday's PCE numbers brought some additional implied inflation, but friendly central bank news in Japan and softer economic data in Europe helped improve bonds overnight. While Chicago PMI briefly pushed towards higher rates, [...]
What’s up in Mortgage Today – 4.27.23
On Wednesday, US equity futures increased as traders were optimistic about corporate earnings reports, with the S&P 500 rising after a two-day decline. Meanwhile, bonds remained flat overnight, but lost some ground after [...]