We briefly touch on new lows of 97-28 on the 5.5
While typing update we kicked back up to 97-30.
Even at that level, reprices for worse are potentially on the way. Read More Now
Tuesday 10/28 ... Newer Lows..
http://www.mortgagenewsdaily.com –
10/28 ... New Lows
http://www.mortgagenewsdaily.com –
Now at the lowest bottom of the past week with the 5.5 at 98-00+.This is an important level to hold.Reprices for the worse are potentially on the way. Read More Now
Read more »Monday 10/27 ... Pre Open, Looking OK, just OK
http://www.mortgagenewsdaily.com –
It should be fairly hard for us not to open on a slightly positive note following friday's ridiculousness. 15 minutes before the official open still, the first few trades that have come in are indicating an 8 tick improvement on the open. Not a lot of scheduled news today, but so far quite a few headlines, including some dismal "global economic health" indicators.More t... ...CONTINUED - Read More Now
Read more »Friday 10/24 ... Just Keeping You Informed...
http://www.mortgagenewsdaily.com –
Our 5.5 mbs has ticked dow a few ticks since last post. We are currently at 99-16, 27 ticks down since close and 14 ticks down from going out levels.
It appears we have found a trading range between 99-16 and 99-24, if we drop further we will get a post up. Read More Now
Friday 10/24 ... New Lows
http://www.mortgagenewsdaily.com –
The 5.5 mbs have just ticked to new lows of 99-12 which is just a little lower from when rate sheets came out, but this does put lenders in a position to consider a reprice for the worse.
If you must lock today, you might consider now before the reprice. Read More Now
BREAKING TARP NEWS
http://www.mortgagenewsdaily.com –
Treasury official: Tarp purchases may start hitting within days and will be publicly announced within 48 hours.Treasury says to expect additional announcements in coming days and weeks. Full story to follow when we have it. No appreciable response in MBS yet, which is a testament to the fact that market participants want to see dry ink on the paper before opening their checkb... ...CONTINUED - Read More Now
Read more »Friday 10/24 ... Is Black the darkest color you know?
http://www.mortgagenewsdaily.com –
Black Friday probably won't do this justice.The day after thanksgiving will never be the same.The only stock that is up in the entire world is Simmons Beautyrest as everyone is frantically shoving money under the mattress.We're only down 400 on the dow, but don't be surprised to see a crazy thing or two today with the .VIX at 90. 5.5's are at 99-23, 20 ti... ...CONTINUED - Read More Now
Read more »Thursday 10/23 ... Jobless Claims in
http://www.mortgagenewsdaily.com –
Jobless claims just released, claims at 478,000 slightly higher then estimates of 465,000. The continuing claims remains at a 5 year high. No reaction to mbs as of yet.
Currently our 5.5 mbs is down 2 ticks since official close and is currently at 100-13. A floor of support is right beneath at 100-11.
Further anaylsis to follow and we will po... ...CONTINUED - Read More Now
Thursday 10/23 ... FI Collapse
http://www.mortgagenewsdaily.com –
Fixed Income in general has been unhappy for the past few minutes.MBS finally get their tightening, but price declines with the 5.5 currently trading fairly actively around 100-05 to 100-06+.Reprices for the worse are likely. Read More Now
Read more »Wednesday 10/22 ... Stock Lever Actin' "naughty"
http://www.mortgagenewsdaily.com –
late day sputtering equities rally exerting minor selling pressure on entire FI sector. MBS taking it a little worse than tsy's. Technically speaking, we're testing the low range of a triange that emerged earlier in the day. We'll try to bring you a graph, but your best bet for visuals at this point is MBSLive. (see below post)So far MBS are resistant enough to a... ...CONTINUED - Read More Now
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