Mortgage Today 10/26: UMBS Rally, GDP Surprises, and Bond Market Trends
UMBS are up on the day! Glorious. With current rate environment we are going to turn out attention to UMBS 6.5 coupons. They are up .38 on the morning. At first glance, a [...]
Mortgage Today 10/23: 10-Year Bond Yields Reach 16-Year High at 5.02% – What’s Driving the Market
UMBS starting the week off bad this morning. Down 39 bps. Overnight, bond markets weakened, and the reasons behind this aren't entirely clear. Some attribute it to last Friday's rally before the weekend [...]
