theyve: Week Ends With Light Volume At Highs - 05/13/12 05:08 AM
Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual observer role as European markets and equities underwent the bigger gyrations. German Bunds hit another record low yield and US Treasuries continued to move in the same direction as Bunds, but on a much smaller scale. Overall, the Europe-induced nausea--apart from being one of the main reasons yields are low in the first place--was also good enough to help Treasuries not bat much of an eyelash at a relatively major correction in stocks. S&P's moved up over 15 points in the first few … (0 comments)

theyve: Mortgage Rates As Close As They've Been To Previous All-Time - 05/13/12 05:00 AM
 
Mortgage Rates improved moderately today as European turmoil continues to benefit domestic interest rates. Yesterday's late news of a $2 bln trading loss at JP Morgan also contributed to the overnight gains in broader bond markets, but it has been lingering uncertainty about the European situation that allows rates markets to hold steady at lower levels. Many lenders are back in line with some of their lowest rate sheets ever, though none are noticeably better.
 
The Conventional 30yr Fixed Best-Execution Rate is well-established at 3.875% and some of the most aggressive lenders in the marketplace may be able to … (0 comments)

 
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