Mortgage Today 06/28/24: UMBS Up After Debate, Core PCE Shows Inflation Progress
UMBS are up 5 bps on the open. Though down 6 bps from the highs on the day. S&P futures are up 23.5 points Last night was the first US Presidential Debate. I [...]
Mortgage Today 06/27/24: UMBS Up Amid Mixed Economic Data, New Home Sales Plummet
UMBS opened the day UP 10 bps. WooHoo. It's not a lot - but at least it's green. S&P Futures down 2.25 Jobless Claims = 233k vs 236k f'cast, [239k prev] Continued Claims [...]
Mortgage Today 06/23/24: UMBS Down as Fed Maintains High Rates, Consumer Confidence Slips, Private Equity Buys Big
UMBS have opened down 9 bps on the morning, so far. S&P Futures are flat. The absence of relevant bond market movers has been a theme all week. Wall Street's tech rally, led [...]
Mortgage Today 06/21/24: US Services PMI Hits 2-Year High, Inflation Concerns Rise as Jobless Claims Stay High
UMBS are flat on the morning. Which is actually a .08 improvement. Bonds had been moderately stronger overnight, following EU bonds on weaker EU PMI data. But obviously, US PMIs didn't follow suit. [...]
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. [...]