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 [...]
Yeah But: Episode 3 = Do WE need a Housing Crash?
Yeah But: Episode 3 Do WE need a Housing Crash? Warning, this is gonna hurt your brain because going to talk about BOTH SIDES of an issue. Yeah, crazy, I know. [...]
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 12/19: 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 12/7/23: Examining Market Reactions to Job Market Data and Inflation Trends
In today's financial update, UMBS 6.0 saw a 9 basis point decline in the morning, with the 5.5 and 5.0 performing better, raising hopes for them to return to profitability. The weakening of [...]
Mortgage Today 12/5/23: Job Openings Plummet, Fed’s Stance on Rates, and Market Impact
Popular UMBS coupons were flat on the morning. Lower coupon 5.5 is up a quarter point on the morning. Though still below 100. US equity contracts slid as traders pushed back on optimistic [...]