Mortgage Today 06/20/24: UMBS Down as Jobless Claims and Housing Starts Miss Forecasts
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Mortgage Today 06/17/24: France Pre-Election Turmoil Shakes Markets, Fed Rate Cut Predictions, Retail Sales Influence
WTMS Blog Today: What's Up in Mortgage Today - 06/17/24 UMBS started the week in the red, down 13 bps in the first hour of trading, while S&P futures dropped 3 points. Global [...]
Mortgage Today 06/14/24: UMBS Flat as Political Turmoil in France Rattles Markets
Friday - June 14, 2024 UMBS are pretty much flat, as the Fed Week comes to a close. S&P futures are down 28 pts. So I guess the money has to go somewhere. [...]
Mortgage Today 06/13/24: UMBS Up 13 BPS as PPI and Jobless Claims Support Lower Rates
2 green days in a row. I hope I don't jinx it. UMBS up 13 bps on the open. Both the PPI and Jobless Claims numbers are clearly in the "rate friendly" camp. [...]
Mortgage Today 06/12/24: UMBS Soar 46 BPS After Better-Than-Expected CPI Report
Wednesday - June 12, 2024 Oh Glorious Day. UMBS are up 46 bps in the first hour of trading!! S&P Futures up 6.75 points Headline CPI MoM = 0 vs 0.1% forecast [0.3% [...]
Mortgage Today 06/11/24: UMBS Up 19 BPS as Investors Eye Fed Meeting and CPI Data
UMBS are actually green for once in the first hour. Up 9 bps. S&P futures down 12.25 points Investor demand for haven assets rose as political upheaval in Europe intensified, driving gains in [...]
Mortgage Today 06/10/24: UMBS Drops, Stock Futures Down, Eyes on FOMC and CPI Reports
UMBS opened the day down 8 bps. Stock futures down 4 pts. Stocks are lower this morning with no significant news, and both bonds and MBS are down. The upcoming week will be [...]