What’s up in Mortgage Today – 4.26.23
MBS down 5 on the open. Stocks up 5. 10yT flat Bonds traded flat in Asia and didn't move much more for most the European session. The biggest market mover of the day [...]
What’s up in Mortgage Today – 4.25.23
MBS +8 this morning. Stocks flat Bonds started the overnight session trading mostly sideways, but rallied more noticeably when European trading started. Oddly enough, Treasuries held the gains even as European bonds retraced [...]
What’s up in Mortgage Today – 4.24.23
MBS +8 this morning. Stocks flat Bonds started the overnight session trading mostly sideways, but rallied more noticeably when European trading started. Oddly enough, Treasuries held the gains even as European bonds retraced [...]
What’s up in Mortgage Today – 4.21.23
MBS down 3 bps so far. Stocks down 9 pts Wonders never cease, and there is a first time for everything. Today's example of those claims is as follows: we are going to [...]
What’s up in Mortgage Today – 4.20.23
MBS up 13 bps. Stocks down 18. Long before Jobless Claims and Philly Fed hit the wires, producer price inflation data in Germany came in lower than expected, sparking a decent rally at [...]
Have Fear?? Step! Go!
Reading Notes for: FEAR Fear is normal. Every person feels fear at some point. What should you do? Step. Step. Take the step. Step aggressively toward your fear—that is the step [...]
What’s up in Mortgage Today – 4.18.23
MBS up 9 bps. Stocks flat. The construction data this morning is almost never a relevant market mover for bonds and today's installment isn't much of an exception. There was a slight amount [...]
We are defeated one tiny, seemingly insignificant surrender at a time that chips away at who we should really be.
Reading Notes for: It wasn’t in a war. It wasn’t in a battle. It isn’t in a melee of fire and destruction that most of us succumb to weakness. We are [...]