What’s up in Mortgage Today – 6.1.23
MBS up 23 bps in the morning. 3 winning mornings in a row. Stocks up 8.89 points Challenger Job Cuts= 80.1k vs 92k f'cast ADP Employment = 278k vs 200k f'cast [296k prev] [...]
What’s up in Mortgage Today – 5.31.23
MBS are up 20 bps this morning early. Nice gain. Stocks down 23 points Bonds rallied to nearly the lowest yields of the day after the Chi-PMI data but have erased all of [...]
What’s up in Mortgage Today – 5.30.23
MBS rose by 31 bps, stocks were up 10 points, and bonds opened stronger in Asia due to unresolved debt ceiling issues, friendly comments from the BOJ, and Ukraine war escalation. Despite slightly [...]
What’s up in Mortgage Today – 5.17.23
Mortgage-backed securities (MBS) started with a slight increase of 2 bps, while stocks rose by 7 points. The bond market didn't follow the 3-5bp rally in European bonds and remained mostly flat in [...]
What’s up in Mortgage Today – 5.16.23
MBS and stock markets experience early ups and downs, with overnight bond gains in Asia and Europe. Despite Retail Sales news not meeting forecasts, internal components were positive, with nonstore retailers seeing a [...]
What’s up in Mortgage Today – 5.15.23
Mortgage-backed securities (MBS) started off down 12 basis points (bps), while the 10-year bond yield increased by 4bps, and stocks rose by 7.88 points. Overnight, bonds were moderately weaker with no specific driver [...]
Better DQ the LLPA FYI ASAP, or it’s gonna be FUBAR for IMBs PDQ
Ooooof. Maaaaan, do WE love acronyms in the mortgage business! Reminds me of a lesson from my 'Intermediate Finance' professor in college. He would though out some complicated sounding Term/Acronym. Then say, "What [...]
What’s up in Mortgage Today – 5.12.23
The bond market showed some weakness overnight, with European trading sessions seeing most of the movement. The domestic session saw some losses, but they were mostly erased after economic data was released at [...]