Mortgage Today 12/26: Mixed Market Movements and Fed’s Changing Outlook
Tuesday - December 26, 2023 Back at it after the holiday. The 6.0 coupon were down 5 bps early. 5.5 was flat. 6.5 was up 16 bps. Markets are still digesting the data [...]
Mortgage Today 12/21: Modest Gains Amid Economic Data and Fed’s Rate Outlook
In today's mortgage market update, we observed modest gains as MBS (Mortgage-Backed Securities) displayed some positive movements, with the 6.0 coupon rising by 8 basis points and the 5.5 coupon by 2 basis [...]
Mortgage Today 12/19: Stable Market, Housing Growth, and Student Loan Concerns – What to Expect
UMBS 6.0 was flat. The 5.5 coupon was up 6 bps in the first hour of trading. Bond pricing is slightly improved this morning as treasury yields continue to inch lower. The U.S. [...]
Mortgage Today 12/18: Understanding the Impact of Fed Speak and Market Resilience
UMBS were down 11 bps on the morning. Bonds were almost perfectly flat overnight with 10s trading in a narrow range between 3.89 and 3.93. The first discernible move of the day arrived [...]
Mortgage Today 12/13: Unpacking the Impact of Recent Fed Decisions on Home Loan Rates
UMBS were up 16 bps on the morning. Bonds were sideways to slightly stronger in the overnight session, with no noticeable follow-through to yesterday's CPI reaction. This morning's producer price index (PPI) is [...]
Mortgage Today 12/11: What the Fed’s Rate-Cut Signals Mean for the Market
MBS are down 13 bps on the open. 6.5 is down 19. Global equities posted modest moves at the start of a busy week of economic data and central bank meetings that will [...]
Mortgage Today 12/7/23: Examining Market Reactions to Job Market Data and Inflation Trends
In today's financial update, UMBS 6.0 saw a 9 basis point decline in the morning, with the 5.5 and 5.0 performing better, raising hopes for them to return to profitability. The weakening of [...]
Mortgage Today 12/5/23: Job Openings Plummet, Fed’s Stance on Rates, and Market Impact
Popular UMBS coupons were flat on the morning. Lower coupon 5.5 is up a quarter point on the morning. Though still below 100. US equity contracts slid as traders pushed back on optimistic [...]