Mortgage Market Week in Review – Week of 1.30.23
Monday - January 30, 2023 UMBS down 28 bps early. US equity futures fell on Monday along with stocks in Europe as a note of caution crept in at the start of a [...]
What’s up in Mortgage Today – 2.3.23
UMBS down 30 bps on the day. Non-Farm Payrolls crushed the market today NFP = 517k vs 185k f'cast [260k prev] unemployment = 3.4 vs 3.6 f'cast [3.5 prev] earnings = 0.3 vs [...]
What’s up in Mortgage Today – 2.2.23
MBS up 6 bps. 10yT down 5. Both the Bank of England (BOE) and European Central Bank (ECB) released policy announcements early this morning. Both were as-expected in terms of rate hikes. The [...]
What’s up in Mortgage Today – 2.1.23
Wednesday - February 1, 2023 MBS up 9 bps on the open. 10y down 7 bps. Bonds were almost perfectly flat in Asia, then slightly stronger in Europe. Notably, EU bonds pulled back [...]
What’s up in Mortgage Today – 1.31.23
Tuesday - January 31, 2023 UMBS up 9 on the day, so far. Down about .25 from high of the day The Employment Cost Index (ECI) is an economic report that was never [...]
What’s up in Mortgage Today – 12.30.23
UMBS down 28 bps early. US equity futures fell on Monday along with stocks in Europe as a note of caution crept in at the start of a week marked by interest-rate decisions [...]
Mortgage Market Week in Review – Week of 1.27.23
Monday - January 23, 2023 UMBS 5.5 is off 23 bps early. "Supply" is the theme of the day/week so far with bonds drifting weaker in the overnight session as European supply pushed [...]
What’s up in Mortgage Today – 1.27.23
MBS pretty flat at -5 bps on the open. Bonds were slightly weaker overnight with more of the losses seen during Asian market hours for a change (European hours have accounted for most [...]