Mortgage Today 07/18/24: UMBS Open Up 4 bps, Jobless Claims Rise, Rate Cuts Anticipated
Thursday - July 18, 2024 UMBS were up 4 bps on the open. Small number but at least it's green. S&P Stock Futures are up 8.50 points. A mixed bag of data in [...]
Mortgage Today 07/17/24: UMBS Flat, S&P Futures Down 56 Points, Tech Stocks Hit by Trade Tensions
Wednesday - July 17, 2024 UMBS opened down 12 bps in the first hour of trading. S&P Futures down 56.25 Worries that US politicians are taking a harder stance on China and Taiwan [...]
Mortgage Today 07/15/24: UMBS Down 9 bps, S&P Futures Up 24 Points, Trump Speculation and Rate Cut Hints
UMBS started the week off down 9 bps. S&P futures are up 24 pts US stock futures rose and longer-maturity bonds retreated as investors ratcheted up wagers that Donald Trump would win the [...]
Mortgage Today 07/12/24: UMBS Up 20 bps, Surprising PPI Surge Raises Eyebrows, Rate Cut Still Expected
Friday - July 12, 2024 Happy Friday! UMBS are up 16 bps on the open. Stock Futures are Flat. Core PPI M/M = 0.4 vs 0.2 f'cast last month revised to 0.3 from [...]
Mortgage Today 07/11/24: UMBS Surge 41 bps on Lower CPI, S&P Futures Down 9.5 Points
Thursday - July 11, 2024 Oooooh-Weee. UMBS are up 41 bps on the open, so far. S&P futures down 9.5 points Headline CPI M/M = -0.1 vs 0.1% f'cast, [0.0 prev] Headline CPI [...]
Mortgage Today 07/10/24: UMBS Up 3 bps, S&P 500 Futures Rise 14.25 Points, Powell’s Testimony Highlights Inflation Caution
UMBS up 3 bps on the open. Stock futures up 14.25 points. Stock futures pointed to a longer advance for the S&P 500 as investors sought vindication from Federal Reserve Chair Jerome Powell [...]
Yeah But…. Too Many People are moving here!
WTMS Blog Today >>>> Yeah But.........Too Many People are moving here! In this world, there are no solutions - only trade-offs. And that is the case when your area gets a whole bunch [...]
Mortgage Today 07/09/24: UMBS Up Amid Powell’s Testimony, Job Market Shifts
Tuesday - June 9, 2024 UMBS are flat on the open. Technically up 1 bps, but whatever. Yields rose microscopically in the overnight session, but even that is a generous assessment considering the [...]