Yesterday when crossed a "zone" around 99-26 as we rallied off the lows of the day, we created a resistance point. We bounced there an hour later and the same resistance point has held relatively firm this morning, halting the sell-off. In fact, it appears to be as bouncy as a hyperactive kid on a trampoline holding a check from Dick Fuld... The 5.5 is still down 8 ticks at 100-02+.... ...CONTINUED - Read More Now
Read more »Friday 11/7 ... Finding Resistance
http://www.mortgagenewsdaily.com –
Friday 11/7 ... Further weakness
http://www.mortgagenewsdaily.com –
Just ticked under 100-00 for the first time today. Sign of worse things to come, but not a guarantee. This is further impetus to lock if you still have access to yesterday's rates. If you don't, all you can likely do is wait for the half point worse YSP rate sheet that is on it's way to you.(unless things change between now and then, of course.) Read More Now
Read more »Thursday 11/6 Holding reasonable gains
http://www.mortgagenewsdaily.com –
since we bottomed this morning, if you hadn't locked, keep floating until further notice... Read More Now
Read more »Thursday 11/6 ... Head's up for continued rally
http://www.mortgagenewsdaily.com –
Funding is continuing to get cheaper as libor swap spreads decline.Stock lever continues to sell to the lows of the day.MBS back to a mere 6 tick loss on the day at 100-00. Read More Now
Read more »Friday 11/7 ... Stabilizing
http://www.mortgagenewsdaily.com –
down 2+ ticks on the day now at 100-08. By the time you read this, that will have probably changed though...Treasuries, Libor, and MBS all coming back to the middle, but still fairly tighter in MBS. Stay tuned... Read More Now
Read more »Friday 11/7 ... Currently Reading down 7
http://www.mortgagenewsdaily.com –
Here's some selling now with 5.5's down 7 ticks to 100-03+.Things are tightening like Darth Vaders grip on rebellious star systems...The volume is picking up and the volatility remains high. We'll tell you when and if to panic. Read More Now
Read more »Tuesday 11/4 ... Facemelting Rally
http://www.mortgagenewsdaily.com –
6.0's are up 26 ticks knocking on door of 101-00 which should give way to some YSP on 6.0's at the end of the day.5.5's have picked up almost 50% of the MBS bid today up 36 ticks at 99-07.Chalk this up to lower volume, no originator selling, and anticipation of TARP effects : aka anTARPtipation.Keep floating and only be considering locking short term deals once you see late... ...CONTINUED - Read More Now
Read more »Tuesday 11/4 ... Market Data
http://www.mortgagenewsdaily.com –
- Factory Orders Fell by a record amount.
- down 2.5% versus consensus of a .8% decline. August was revised down as well from -4.0 to -4.3.
- Excluding transportation, orders were down 3.7% which is the record (although 1989 was higher, different industry classifications were in effect at that time)
- Nondurables fell 5.5%, also extreme
- Durable goods ... ...CONTINUED - Read More Now
Read more »
Tuesday 11/4 ... Election Day
http://www.mortgagenewsdaily.com –
Just a quick update, currently 6.0's at 100-07+, up 2 ticks from yesterdays going out levels
5.5's up 3 ticks at 98-06 Read More Now
Read more »Monday 11/3 ... ZZZzzzzz ZZZzzzzz
http://www.mortgagenewsdaily.com –
A snoozy, sleepy, soporific, and somnambulatory afternoon as MBS continue to drift ever sideways, sideways, sideways...The range is narrow recently and centers on 100-06+. Volume is lighter than Ally McBeal after a big breath of helium. Until something happens, no news is good news as that figure is up 8 ticks on the day. There's just nothing going on besides people ta... ...CONTINUED - Read More Now
Read more »If you don't see your content here, learn more about importing to on this page. |
 |
Buzz Words
Navigation
User login
Syndicate
