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 7/3/24: UMBS Up, Fed Hints at Rate Cuts, ISM Services Data Disappoints
Nnnnice, UMBS are up 24 bps in the first hour of trading. Should lead to a little better looking rate sheets today. S&P futures are down 3.75 points Bonds were essentially flat in [...]
Mortgage Today 07/01/24: UMBS Down as ISM Data Disappoints, Bond Yields Spike
UMBS opened down 15 bps in the first hour of trading. S&P Futured up 13.75 Bonds began the day in slightly weaker territory and continued selling--somewhat abruptly--at the 8:20am CME open. There continue [...]
Mortgage Today 06/27/24: UMBS Up Amid Mixed Economic Data, New Home Sales Plummet
UMBS opened the day UP 10 bps. WooHoo. It's not a lot - but at least it's green. S&P Futures down 2.25 Jobless Claims = 233k vs 236k f'cast, [239k prev] Continued Claims [...]
Mortgage Today 06/24/24: Nvidia Drops as Tech Cools, Freddie Mac’s New Lending Program, Real Estate Data Ahead
UMBS are up 5 bps on the morning. Nasdaq 100 futures are under pressure, with Nvidia Corp. set for a third day of losses as investors cooled on tech’s sky-high valuations. Nvidia slid [...]
Mortgage Today 06/21/24: US Services PMI Hits 2-Year High, Inflation Concerns Rise as Jobless Claims Stay High
UMBS are flat on the morning. Which is actually a .08 improvement. Bonds had been moderately stronger overnight, following EU bonds on weaker EU PMI data. But obviously, US PMIs didn't follow suit. [...]
Mortgage Today 06/20/24: UMBS Down as Jobless Claims and Housing Starts Miss Forecasts
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