WTMS Blog Today = What's up in Mortgage Today - 04/05/24 A wave of selling hit the mortgage-backed securities market today, with opening figures tumbling and a bearish trend taking hold across bond [...]
UMBS opened down 5 bps. Stock futures up 17.75 Bonds were sideways to slightly stronger in the overnight session with 10yr yields near their best levels of the day before the 8:30am data. [...]
UMBS opened down 11 bps. S&P futures down 17.75 US investors are cautious despite strong gains last week, waiting on upcoming economic data that will influence the Federal Reserve's decision on interest rates. [...]
UMBS up 14 bps on the morning Bonds were only modestly stronger and mostly sideways for most of the overnight session. Early U.S. trading kicked things into a slightly higher gear starting right at [...]
UMBS opened the day up 9 bps. Bonds were stronger in the overnight session with Fed follow-through buying overseas and weak manufacturing PMIs in Europe. Philly Fed Index = 3.2 vs -2.3 f'cast, [...]
UMBS opened down 3 bps on the morning. Equity futures fluctuated after the S&P 500 hit at another all-time high. New home purchase applications rose 15.7% year-over-year in February, according to the MBA. The [...]
UMBS opened up 11 bps in the AM. Stocks are lower this morning after the Bank of Japan officially ended its twelve year era of negative interest rates. Housing starts rose 10.7% month-over-month and 5.9% year-over-year to [...]
UMBS down 8 bps on the open. S&P futures opened up 37.5 The Fed will be meeting Tuesday and Wednesday and will announce its latest interest rate decision Wednesday. With markets widely expecting [...]