Mortgage Today 11/04/24 – UMBS Gains, Poll Shows Harris Lead, and FOMC Meeting Ahead
Monday - October 4, 2024 UMBS opened up 38 bps. Nice! S&P futures are up 7.5 points. The upcoming week won't have a lot of important economic data, but we have the election [...]
Mortgage Today 10/30/24 – Strong ADP Jobs Report & UMBS Decline, Will PCE Data Shake Markets?
Wednesday - October 30, 2024 Flat open for UMBS. Up 2 bps in the first hour of trading. S&P futures up 3.25 points The prevailing sentiment heading into this week's payroll counts (ADP [...]
Mortgage Today 10/28/24 – UMBS Drops as Markets React to Election Anticipation and Rising Bond Yields
Monday - October 28, 2024 UMBS are in the red - again - to open the day. Down 6 bps. Stock futures are up 22.5 points. No real economic data on the morning. [...]
Mortgage Today 10/23/24 – UMBS Drops Amid Election Uncertainty and Bond Market Pressures
Wednesday - October 23, 2024 UMBS were - again - down big in the morning. Down 24 bps in the first hour. S&P futures down 14 bps. Bonds began the day in weaker [...]
Mortgage Today 10/22/24 – UMBS Gains as Economic Indicators Fall and Fed Signals Cautious Rate Cuts
Tuesday - October 22, 2024 UMBS are up 6 bps on open. Not nearly enough, after yesterday. But at least it's green. S&P stock futures are down 23 points. The index of leading [...]
Mortgage Today 10/21/24 – UMBS Drops Amid Market Volatility and Middle East Tensions
Monday - October 21, 2024 UMBS are down 41 big bps in early trading. US stock futures fell 14 points as investors looked ahead to a flurry of company earnings for signs the [...]
Mortgage Today 10/18/24 – UMBS Rises, Housing Starts Flat, and Fed Rate Decision in Focus
Friday - October 18, 2024 UMBS opened Up 12 bps on the morning. S&P Futures are up 12.25 points. Thursday's data delivered on the high risk front with a big move in the [...]