What’s up in Mortgage Today – 6/8/23
MBS were up 9 bps early. Stocks were flat Bonds were modestly weaker in the overnight session, but have bounced back into positive territory following the much weaker than expected jobless claim numbers. [...]
What’s up in Mortgage Today – 6/7/23
MBS are down 14 bps on the open, while stock gain about 9 points. After yesterday's RBA (Royal Bank of Australia) surprise rate hike, the Bank of Canada is out with a copycat [...]
What’s up in Mortgage Today – 6/6/23
MBS were completely flat early. Bonds extended Friday's selling pressure at the start of the overnight with both 10yr yields and longer-run Fed rate expectations lurching higher in Asia. The European session added [...]
What’s up in Mortgage Today – 6/5/23
MBS were completely flat early. Bonds extended Friday's selling pressure at the start of the overnight with both 10yr yields and longer-run Fed rate expectations lurching higher in Asia. The European session added [...]
What’s up in Mortgage Today – 6.2.23
MBS opened flat but later dropped by 25 bps, while stocks rose by 25 points. The Nonfarm Payrolls report surpassed expectations with 339k jobs added, but unemployment increased to 3.7%, and earnings fell [...]
What’s up in Mortgage Today – 6.1.23
MBS up 23 bps in the morning. 3 winning mornings in a row. Stocks up 8.89 points Challenger Job Cuts= 80.1k vs 92k f'cast ADP Employment = 278k vs 200k f'cast [296k prev] [...]
What’s up in Mortgage Today – 5.31.23
MBS are up 20 bps this morning early. Nice gain. Stocks down 23 points Bonds rallied to nearly the lowest yields of the day after the Chi-PMI data but have erased all of [...]
What’s up in Mortgage Today – 5.30.23
MBS rose by 31 bps, stocks were up 10 points, and bonds opened stronger in Asia due to unresolved debt ceiling issues, friendly comments from the BOJ, and Ukraine war escalation. Despite slightly [...]