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Fri, 09 Oct 2015

MBS RECAP: Quiet Day of Consolidation for Markets

Posted To: MBS CommentaryAfter trending decisively higher during almost every hour since hitting bottom last Friday, stocks and bond yields leveled off today. Perhaps it's the 3-day weekend (Columbus Day on Monday) or the absence of any significant market-moving data today. Or perhaps this is...
Fri, 09 Oct 2015

Mortgage Rates End Week at Recent Highs

Posted To: Mortgage Rate WatchMortgage rates were generally quiet today as bond markets wound down ahead of the 3-day weekend. While stock markets and many businesses will be open as usual on Monday, banks and bond markets will be closed. This means that many mortgage lenders will either be close...
Fri, 09 Oct 2015

MBS MID-DAY: Pre-Weekend Drift in Full Effect

Posted To: MBS CommentaryI reserve the right for this "MBS MID-DAY" to also be the "MBS RECAP" as I don't expect much to happen in the rest of the trading day. It seems fairly clear that bond markets were on a mission to correct from last week's post-NFP rally this week and that this was ...
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