Ok, No One Move....We're actually up two ticks at 99-21.Hey... It's still near the lows of the year, but at least we're about half a point higher than the lows of the day! Oh Cruel MBS Fate that we must celebrate such a thing!!
Read more »Wednesday 10/15 ... Here's That Graph...
http://www.mortgagenewsdaily.com –
Wednesday 10/15 ... How does that song go?
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Mr. Moon, Mr. Moon, you're out too soon....?Or something like that....Isn't the last line something like "go back to bed and cover up your head?"Well, we're adding a verse, but instead of talking about Mr. Sun or Mr. Moon, it will address Mr. or Mrs. "Mortgage Broker."Why cover up one's head you might ask?Try the 99-15 handle on 6.0's, down 4 ticks on the day.... ...CONTINUED - Read More Now
Read more »Wednesday 10/15... New lows
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Our 6.0's are at new yearly lows down to 99-07. Read More Now
Read more »Wednesday 10/15 ... Sorry To Report (MBS Down Already....)
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6.0's cliff-diving early AM already...down 1 tick to 99-18. Read More Now
Read more »Wednesday 10/15 ... MBS Opening In the Green
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6.0's up 6+ ticks to 99-25+ in the first 10 minutes this morning.Dow Futures down just over 100 points.Treasuries outperforming MBS slightly with 5 yr up 11 ticks and 10yr up 15+ ticks. Read More Now
Read more »Wednesday 10/15 ... First Round Of Data In
http://www.mortgagenewsdaily.com –
- PPI
- Headline Down .4%
- Core UP .4% slightly higher than the expectation of .2%, which may act as somewhat of an inhibition to continued aggressive rate cuts, but CPI will need to add confirmation
- Retail Sales
- Headline Down 1.2%
- Excluding Autos down .6%
- Much worse than expected (-.7% headline), but so far MBS not reacting... ...CONTINUED - Read More Now
Read more »
Tuesday 10/14 ... A Graph, or Rather....
http://www.mortgagenewsdaily.com –
An artistic rendering of today's events in graphical format.... Read More Now
Read more »Tuesday 10/14 ... Some selling in Current Coupons Now
http://www.mortgagenewsdaily.com –
6.0's are down 4 ticks currently, making it more likely that we'll lose the eighth we previously mentioned.Reprices are possible but not guaranteed. Read More Now
Read more »Tuesday 10/14 ... New Lows
http://www.mortgagenewsdaily.com –
6.0's have ticked down to 100-00+ which is 5 ticks down on the day. Additional reprice risk now. Read More Now
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