Mortgage Today 9/28: Bond Market Volatility Amid Shutdown Worries and Fed Insights
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Mortgage Today 9/27: Market Volatility Amid Uncertain Economic Data and Shutdown Concerns
MBS are down 17 bps on the open - again. S&P futures up 15.25 Much like yesterday, bonds were stronger in the overnight session as European investors have been willing to "buy the [...]
Mortgage Today 9/26: Rate Concerns Impact Housing Market – Key Data Revealed
In today's mortgage update on September 26th, Mortgage-Backed Securities (MBS) opened down 5 basis points. Treasury and European government bond yields dipped after reaching decade highs, while the Bloomberg dollar index remained stable. [...]
Mortgage Today 9/25: Markets React to Central Banks and Inflation Worries
Ouch! UMBS are down a big 39 bps in the morning. S&P Futured down 10.5 points as traders returned to their desks following the worst weekly selloff on Wall Street since March. Most [...]
Mortgage Today 9/22: UMBS 6’s Rise, Treasuries Rally, and Eyes Set on October for Bond Market Battl
UMBS 6's are up 25 bps on the morning so far. S&P Futures up 14.75 It's been a fairly calm and decent trading morning, between the overnight and early domestic hours. Treasuries rallied [...]
Mortgage Today 9/21: Market Reacts to Fed’s Stance, UMBS Drops, and Re/Max Settles Lawsuits
Financial markets faced turbulence following the Federal Reserve's recent announcements. UMBS dropped significantly, with the 5.5% down by 33 bps and the 6.0% down by 40 bps. S&P futures also declined by 40.25 [...]
Mortgage Today 9/20: Fed Holds Steady, UMBS Up but MBS Down Amid Rising Home Sale Failures
Solid start to Fed Day, with UMBS up 13 bps. S&P Futures up 16.5 points 2am ET brought inflation data for Germany and the UK. Both were cooler than expected. Due to base [...]
Mortgage Today 9/19: MBS Down Amid Pre-Fed Jitters and Inflation Concerns
MBS are down another 17 bps on the open. S&P futures down 4.25 In addition to the housing starts data, Canadian inflation came in a bit hotter than expected at the headline level [...]