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 [...]
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 [...]