What’s up in Mortgage Today – 6/9/23
MBS down 14 bps on the day. Stocks up 24 points Friday started with a noticeable increase in market activity and interest due to the release of important economic data. The Canadian employment [...]
What’s up in Mortgage Today – 6/8/23
MBS were up 9 bps early. Stocks were flat Bonds were modestly weaker in the overnight session, but have bounced back into positive territory following the much weaker than expected jobless claim numbers. [...]
What’s up in Mortgage Today – 6/7/23
MBS are down 14 bps on the open, while stock gain about 9 points. After yesterday's RBA (Royal Bank of Australia) surprise rate hike, the Bank of Canada is out with a copycat [...]
What’s up in Mortgage Today – 6/6/23
MBS were completely flat early. Bonds extended Friday's selling pressure at the start of the overnight with both 10yr yields and longer-run Fed rate expectations lurching higher in Asia. The European session added [...]
What’s up in Mortgage Today – 6/5/23
MBS were completely flat early. Bonds extended Friday's selling pressure at the start of the overnight with both 10yr yields and longer-run Fed rate expectations lurching higher in Asia. The European session added [...]
What’s up in Mortgage Today – 6.2.23
MBS opened flat but later dropped by 25 bps, while stocks rose by 25 points. The Nonfarm Payrolls report surpassed expectations with 339k jobs added, but unemployment increased to 3.7%, and earnings fell [...]
What’s up in Mortgage Today – 6.1.23
MBS up 23 bps in the morning. 3 winning mornings in a row. Stocks up 8.89 points Challenger Job Cuts= 80.1k vs 92k f'cast ADP Employment = 278k vs 200k f'cast [296k prev] [...]
What’s up in Mortgage Today – 5.31.23
MBS are up 20 bps this morning early. Nice gain. Stocks down 23 points Bonds rallied to nearly the lowest yields of the day after the Chi-PMI data but have erased all of [...]