What’s up in Mortgage Today – 6.26.23
MBS pretty much flat on the open. Stocks too, only up 6 points. Bonds were stronger in the overnight session with most of the gains following a risk-off trade in Europe (lower stock [...]
What’s up in Mortgage Today – 6.23.23
MBS up 11 bps on the morning. Stocks down 27 European PMIs were weaker overnight with the services sector in France and Germany leading the way (France: 48 vs 52.5 f'cast, Germany: 54.1 [...]
What’s up in Mortgage Today – 6.22.23
MBS down 28 bps on the open, stocks down a couple of points too. The mortgage market started the day lower, with MBS down 28 bps. Stocks were also down a couple of [...]
What’s up in Mortgage Today – 6.21.23
MBS are down 22 bps on the morning. Stocks losing about 20. Bonds were gradually weaker in choppy trading overnight. UK bonds led the selling in during European hours following a higher CPI [...]
What’s up in Mortgage Today – 6.20.23
MBS up 5 bps early. Stocks have lost 20 points. The New Residential Construction report (the source of starts/permits above) almost never accounts for a reaction in financial markets. This morning is proving [...]
What’s up in Mortgage Today – 6.15.23
MBS down 17 bps on the open. Stocks gained 19.74 Bonds were already moderately stronger on the day and are extending the gains cautiously so far. Coming in as-expected at the core level [...]
What’s up in Mortgage Today – 6.13.23
MBS down 17 bps on the open. Stocks gained 19.74 Bonds were already moderately stronger on the day and are extending the gains cautiously so far. Coming in as-expected at the core level [...]
What’s up in Mortgage Today – 6/9/23
MBS down 14 bps on the day. Stocks up 24 points Friday started with a noticeable increase in market activity and interest due to the release of important economic data. The Canadian employment [...]