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 10/25: UMBS Drop 84 bps, Housing Market Surges, and DOJ’s Antitrust Action
UMBS are down 27 bps again today. We had a good day yesterday, and now giving it back. This is why we can't have nice things. Bonds were initially sideways in the overnight [...]