Author Archive

24
Nov

MBS RECAP: Showing Signs of the Season, but That Worked out OK Today

Posted To: MBS Commentary During the 3.5-day Thanksgiving week, we expect to see a lack of participation in bond markets juxtaposed with condensed data and volatility. Data and participation were certainly limited today and accordingly, there wasn't much movement. The small amount seen was clearly connected to headlines and events. It also reacted more than [...]

24
Nov

MBS RECAP: Showing Signs of the Season, but That Worked out OK Today

Posted To: MBS Commentary During the 3.5-day Thanksgiving week, we expect to see a lack of participation in bond markets juxtaposed with condensed data and volatility. Data and participation were certainly limited today and accordingly, there wasn't much movement. The small amount seen was clearly connected to headlines and events. It also reacted more than [...]

24
Nov

Mortgage Rates Now at 1-Month Lows

Posted To: Mortgage Rate Watch Mortgage rates continue making improvements so small and so steady that they’re barely noticeable, but they’re improvements just the same. That’s recently meant that we’ve technically been in the best territory in nearly a month recently. Despite the fact that it’s not materially different than most of the past 30 [...]

24
Nov

Mortgage Rates Now at 1-Month Lows

Posted To: Mortgage Rate Watch Mortgage rates continue making improvements so small and so steady that they’re barely noticeable, but they’re improvements just the same. That’s recently meant that we’ve technically been in the best territory in nearly a month recently. Despite the fact that it’s not materially different than most of the past 30 [...]

21
Nov

MBS RECAP: Calm, Resilient Day Maintains Calm, Resilient Week (and month)

Posted To: MBS Commentary In the shadow of October 15th–by some measures, the most volatile day in the history of Treasury trading–everything that's followed has been exceedingly tame by comparison. The correction leading back toward slightly higher rates was mechanical and non-threatening . And now November is slipping away with mortgage rates having held 4.0% [...]

21
Nov

Technically at November Lows, but That Doesn’t Mean Much These Days

Posted To: Mortgage Rate Watch Mortgage rates improved again today , carving out another November low, albeit by only a small margin. For some lenders, rates are officially at “one month lows” with October 21st being the last day that similar rates were available. Actually, the rate has been available, but it’s the COST required [...]

20
Nov

New York’s multimillion dollar home sales keep soaring

Billionaires are on a buying spree in New York, with sales of multimillion dollar properties up 120% so far this year, according to CityRealty. And the prices are expected to keep climbing next year.

20
Nov

MBS RECAP: Volatility After Philly Fed, but Bonds Stay in Positive Territory

Posted To: MBS Commentary There was a metric ton of data on tap today, both at home and abroad. During the European session, most of the data was weaker. Given that Europe still responds logically to their economic data, that made for a strong overnight move in Treasuries (and of course in the European bond [...]

20
Nov

Mortgage Rates Return to November Lows

Posted To: Mortgage Rate Watch Mortgage rates improved today following weaker economic data in Europe. That data fueled demand in bond markets overnight, pulling US Treasury yields back to yesterday’s lowest levels. The mortgage-backed-securities (MBS) that dictate loan pricing take heavy cues from that movement in broader bond markets. The trick is for the daytime [...]

19
Nov

MBS RECAP: FOMC Minutes Didn’t Save Bond Markets from AM Weakness

Posted To: MBS Commentary For all the potentially complicated conclusions that can follow something as wordy and important as FOMC Minutes, today ended up being fairly cut and dry . In fact, it can be covered in a list. 1. Bond markets were weaker overnight , purely due to European economic data. The biggest culprit [...]