Mortgage Today 1/12: Inflation Surprises, Fed’s Clues, and Bond Market Resilience
UMBS were up 16 bps on the open. Markets are still digesting yesterday's data. M/M Core CPI = 0.3 vs 0.3 f'cast [0.3 prev] Y/Y Core CPI = 3.9 vs 3.8 f'cast [4.0 [...]
Mortgage Today 1/9/24: Bill Gross Warns Against Overvalued Treasuries, National Association of Realtors’ Resignation, and Inflation Expectations Drop!
Mortgage-Backed Securities (MBS) held steady this morning, with stocks experiencing slight declines due to ongoing pressure on Boeing. Renowned investor Bill Gross has voiced concerns about overvalued Treasuries and expressed his preference for [...]
Mortgage Today 1/24/24: UMBS Stability and Economic Insights for 2024
In the world of mortgage and real estate, it's crucial to keep an eye on the broader financial landscape. Today, UMBS 5.5 and 6.0 held steady, showing no major shifts in the mortgage-backed [...]
Mortgage Today 1/5/24: Mixed Jobs Data Sparks Market Uncertainty – What It Means for Bonds and Interest Rates
Big Day Jobs Day And the market didn't like the data early. UMBS were down 16 bps early on the 6.0 with the 5.5 down 28 Nonfarm Payrolls = 216k vs 170k f'cast [...]
Mortgage Today 1/4/23: UMBS Downturn and Strong Jobs Data Impact Bond Market
UMBS were down in the first hour of trading. The 6.0 coupon is down 19 bps and the 5.5 is down 30. Bonds were already weaker overnight in a move led by stronger [...]
Mortgage Today 1/5: UMBS Market Volatility, Fed Minutes, and Economic Data Impact
UMBS 6.0% coupon were down another 20 bps this morning. The 5.5% is down 25. The US Treasury market extended losses for a fourth day, putting the 10-year yield near 4%, reflecting investor [...]
Mortgage Today 12/29: Insights on UMBS, Treasury Yields, and 2024 Rate Cut Expectations
UMBS starting the day in the red. Down 11 bps on the 6.0. 5.5 is down 17. The S&P 500 traded just a few points away from its all-time peak on Thursday, extending [...]
Mortgage Today 12/27: UMBS Rise, Fed Rate Cut Speculation, and Housing Affordability Concerns
UMBS were in the green early. 6.0 coupon is up 11 bps. 5.5 is up 22 bps. US equity futures were steady, with an all-time high this year firmly in sight amid optimism [...]