Mortgage Today 04/07/24: Markets on Alert for Jobs Report – Rate Cut Expectations and Inflation in Focus
Financial markets are on a tightrope walk today, with all eyes turned to the impending jobs report that’s causing jitters in stocks and bolstering oil prices. The Federal Reserve's recent musings have hinted [...]
Mortgage Today 04/05/24: UMBS Recovers Slightly, But Bonds Signal Caution Ahead
Man! UMBS down another 15 bps on the open. Stock futures down 41.5 April is not shaping up to be a great month for bonds if the first two days are any indication. [...]
Mortgage Today 04/05/24: Powell’s Insight on Rates – No Return to Pre-Pandemic Levels as MBS Take a Hit
WTMS Blog Today = What's up in Mortgage Today - 04/05/24 A wave of selling hit the mortgage-backed securities market today, with opening figures tumbling and a bearish trend taking hold across bond [...]
Mortgage Today 03/28/24: A Subtle Shuffle in the Mortgage and Stock Markets Amid Economic Data Releases
UMBS opened down 5 bps. Stock futures up 17.75 Bonds were sideways to slightly stronger in the overnight session with 10yr yields near their best levels of the day before the 8:30am data. [...]
Mortgage Today 03/27/24: Market Cautious as Key Inflation Data Looms, UMBS Sees Minor Dip
UMBS opened down 11 bps. S&P futures down 17.75 US investors are cautious despite strong gains last week, waiting on upcoming economic data that will influence the Federal Reserve's decision on interest rates. [...]
Mortgage Today 03/24/24: UMBS Up, Bond Yields Down – A Look at This Week’s Positive Market Movements
UMBS up 14 bps on the morning Bonds were only modestly stronger and mostly sideways for most of the overnight session. Early U.S. trading kicked things into a slightly higher gear starting right at [...]
Mortgage Today 03/21/24: Fed’s Optimistic Revisions & Potential Rate Cuts – How the Housing Sector is Responding
UMBS opened the day up 9 bps. Bonds were stronger in the overnight session with Fed follow-through buying overseas and weak manufacturing PMIs in Europe. Philly Fed Index = 3.2 vs -2.3 f'cast, [...]