Just Another Day of Waiting Bonds started stronger, retraced back to 'unchanged' following the manufacturing data, and proceeded to grind out moderate gains by the end of the day. It was a reasonably strong result given the absence of bullish impetus for bonds, but not one that falls outside the range of yields established during last week's volatile consolidation. Fed Funds Futures notably rallied such that the 50bp rate cut is once again the leading candidate. This is a product of trader ruminations and speculation rather than the data. Between Timiraos's article last week, and Dudley's this morning, the market thinks it's being given clues from insiders. Econ Data / EventsNY Fed Manufacturing 11.5 vs -3.9 f'cast, -4.7 prev Market Movement Recap08:52 AM moderately stronger overnight but losing some ground after NY Fed Manufacturing data of all things! MBS unchanged and 10yr up 0.2bps at 3.658 12:31 PM Steady near stronger levels. MBS up 3 ticks (.09) and 10yr down 2.2bps at 3.632 02:42 PM No major changes from last update. Just a hair stronger. MBS up an eighth and 10yr down 3bps at 3.624
MBS Commentary | Just Another Day of Waiting | Just Another Day of Waiting Bonds started stronger, retraced back to 'unchanged' following the manufacturing data, and proceeded to grind out moderate gains by the end of the day. It was a reasonably st... (read more) |
| Rob Chrisman | Secondary, Construction, Workflow, HELOC Products; Curbio's Settlement; Webinars and Training This Week | The Pirate goes to the dermatologist and says, “Arrg, I got moles.” The dermatologist says, “Don’t worry, they’re benign.” The Pirate replies, “Arrg, count again, I think there be ten!” Health care, astronomy, and mortgage banking are filled with num... (read more) |
| | 30 Yr. Fixed Rate | 6.12% -0.02% |
| Rate | Change | Points |
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Mortgage News Daily | 30 Yr. Fixed | 6.12% | -0.02 | 0.00 | 15 Yr. Fixed | 5.63% | -0.03 | 0.00 | 30 Yr. FHA | 5.66% | -0.02 | 0.00 | 30 Yr. Jumbo | 6.38% | -0.02 | 0.00 | 7/6 SOFR ARM | 6.11% | -0.01 | 0.00 | 30 Yr. VA | 5.68% | -0.01 | 0.00 | Updates Daily - Last Update: 9/16 | |
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15 Yr. Fixed Rate | 5.63% -0.03% |
| Rate | Change | Points |
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Freddie Mac | 30 Yr. Fixed | 6.20% | -0.15 | 0.00 | 15 Yr. Fixed | 5.27% | -0.20 | 0.00 | Updates Weekly - Last Update: 9/12 | Rate | Change | Points |
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Mortgage Bankers Assoc. | 30 Yr. Fixed | 6.44% | -0.06 | 0.54 | 15 Yr. Fixed | 5.88% | -0.16 | 0.68 | 30 Yr. Jumbo | 6.75% | +0.07 | 0.39 | Updates Weekly - Last Update: 8/28 | |
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| UMBS 30YR 5.0 | 100.60 +0.17 |
| Price / Yield | Change |
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MBS | UMBS 5.0 | 100.60 | +0.17 | UMBS 5.5 | 101.62 | +0.08 | GNMA 5.0 | 100.59 | +0.07 | GNMA 5.5 | 101.29 | +0.01 | Pricing as of: 9/16 5:31PM EST | |
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10 Year US Treasury | 3.6190 -0.0347 |
| Price / Yield | Change |
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US Treasury | 2 YR Treasury | 3.557 | -0.028 | 5 YR Treasury | 3.405 | -0.029 | 7 YR Treasury | 3.500 | -0.032 | 10 YR Treasury | 3.619 | -0.035 | 30 YR Treasury | 3.930 | -0.052 | Pricing as of: 9/16 5:31PM EST | |
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