What’s up in Mortgage Today – 1.20.23
Friday - January 20, 2023 MBS down 11 bps early. Bonds began the overnight session with minimal losses, but yields rose at a faster pace when European trading started. There are no big-ticket [...]
What’s up in Mortgage Today – 1.19.23
UMBS down 8 bps on the open. Bonds began the overnight session in stronger territory as overseas buyers dogpiled on Wednesday's strong move. Gradual weakness set in after that. Jobless Claims * 190k [...]
What’s up in Mortgage Today – 1.17 & 1.18
Monday - January 16, 2023 From www.WellThatMakesSense.com Tuesday - January 17, 2023 MBS down .25 on the open. Stocks and bond futures lost ground in overseas trading during yesterday's market holiday and have [...]
Mortgage Market Week in Review – Week of 1.9.23
Monday - January 9, 2023 UMBS up 19 bps early. 10y flat. Stocks extended global gains in risk assets, driven by China’s reopening trade and expectations of slower rate hikes. The dollar weakened [...]
What’s up in Mortgage Today – 1.13.23
Friday - January 13, 2023 Bonds began the overnight session just slightly weaker and then held perfectly flat in Asia. UMBS down 14 bps on the open as the market continues to digest [...]
What’s up in Mortgage Today – 1.12.23
MBS up 8 bps, improving .10 while writing this. The 10y down 7 early. Bonds were lower in the overnight session. Traders were clearly expecting a "whisper number" that was lower than the [...]
What’s up in Mortgage Today – 1.11.23
UMBS 5.5 up 17 bps on the open. Mostly trades in prediction of CPI coming tomorrow. Federal Reserve Chair Jerome Powell in remarks Tuesday refrained from commenting on the outlook for monetary policy [...]
What’s up in Mortgage Today – 1.10.23
UMBS down almost a quarter point early. Mostly from European hours as ECB made comments about the economy needing to slow down. Accelerated on the US open. Mostly gains taking and strategy for [...]