mortgage market watch: The Daily Mortgage Interest Rate Lock Advisory - July 9, 2009
- 07/09/09 05:39 AM
What the Mortgage Backed Securities Market is Doing Today: The FNMA 30-Year 4.5% MBS opened down 10/32 this morning to 100.67 as Alcoa's quarterly earnings report came in higher then expected and as new claims for unemployment last week were much less than expected.
The price of the FNMA 30-Year 4.5% coupon closed up 19/32 yesterday to 100.98 (as shown by the white line). MBS is currently trading down 9/32 at 100.70 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. … (0 comments)
The price of the FNMA 30-Year 4.5% coupon closed up 9/32 yesterday at 100.38 (as shown by the white line). MBS opened up another 2/32 this morning, but is currently trading down 1/32 at 100.36 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest … (0 comments)
The price of the FNMA 30-Year 4.5% coupon closed at the same as it's opening yesterday at 100.11 (as shown by the white line). MBS opened down 3/32 this morning before reversing course, and is currently trading up 4/32 at 100.23 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest rates go down with it. I expect … (0 comments)
The price of the FNMA 30-Year 4.5% coupon closed up 6/32 on Thursday to 100.11 (as shown by the white line). The MBS was down as much as 6/32 this morning before reversing course. MBS is currently trading down 4/32 at 99.98 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that … (0 comments)
The price of the FNMA 30-Year 4.5% coupon closed up 5/32 yesterday to 99.92 (as shown by the white line). The MBS was down as much as 4/32 this morning before reversing course on a worse than expected employment situation report. MBS is currently trading up 3/32 to 100.02 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - … (0 comments)
The MBS was down as much as 9/32 this morning before reversing course on weaker pending home sales and constructions spending. MBS is currently trading down just 7/32 to 99.55 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage rates will be 0.125% - 0.25% worse in price … (0 comments)
The price of the FNMA 30-Year 5.0% coupon closed yesterday up 5/32 to 102.00 (as shown by the white line). The MBS was down as much as 11/32 this morning, but is currently trading down 7/32 to 101.79 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect … (0 comments)
The price of the FNMA 30-Year 5.0% coupon closed down 3/32 from its opening on Friday to 101.83 (as shown by the white line). The MBS was up as much as 8/32 this morning, but is currently trading up 3/32 to 101.92 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest rates go down with it. I expect that … (0 comments)
The price of the FNMA 30-Year 5.0% coupon closed up 20/32 from its opening yesterday to 101.92 (as shown by the white line). The MBS was down as much as 6/32 this morning, but is currently trading up 2/32 to 101.97 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage … (0 comments)
The price of the FNMA 30-Year 5.0% coupon closed down 1/32 from its opening yesterday to 101.30 (as shown by the white line). MBS is currently trading up 12/32 to 101.67 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest rates go down with it. I expect that mortgage rates will be 0.125% … (0 comments)
mortgage market watch: UPDATE to The Daily Mortgage Interest Rate Lock Advisory - June 24, 2009
- 06/24/09 09:10 AM
WEDNESDAY AFTERNOON UPDATE: The price of the FNMA 30-Year 5.0% coupon is currently trading down 1/32 at 101.30 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. You might have seen a slight improvement in the pricing of mortgage rates earlier today, and in many cases that improvement has been withdrawn. I expect that mortgage rates will be essentially close at the same level as it was when they opened this morning.
Both the stock and bond markets reacted negatively to … (0 comments)
The price of the FNMA 30-Year 5.0 coupon closed up 1/32 from its opening yesterday to 101.33 (as shown by the white line). MBS is currently trading down 4/32 to 101.20 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage rates … (0 comments)
mortgage market watch: The Daily Mortgage Interest Rate Lock Advisory – June 23, 2009
- 06/23/09 04:41 AM
What the Mortgage Backed Securities Market is Doing Today: The FNMA 5.0 Coupon opened down 5/32 this morning from yesterday's close to 101.17 and was down as much as 8/32 before recovering after the release of after worse than expected economic data this morning.
The price of the FNMA 30-Year 5.0 coupon closed up 11/32 from its opening yesterday to 101.31 (as shown by the white line). MBS is currently trading down 1/32 to 101.28 (as shown by the blue line). Remember, mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage … (0 comments)
mortgage market watch: The Daily Mortgage Interest Rate Lock Advisory - June 22, 2009
- 06/22/09 05:19 AM
What the Mortgage Backed Securities Market is Doing Today: The FNMA 5.0 Coupon opened as high as 11/32 this morning from Friday's close to 101.30 on a weekend World Bank report news that the recession will be deeper later this year then it was earlier this year, and the world's economy will retract by 2.9%.
The price of the FNMA 30-Year 5.0 coupon closed up 11/32 from its opening on Friday to 100.95 (as shown by the white line). MBS is currently trading up 11/32 to 101.28 (as shown by the blue line). Remember, mortgage backed securities (MBSs), as the … (0 comments)
The price of the FNMA 30-Year 5.0 coupon closed down 28/32 (as shown by the white line) from its opening yesterday to 100.61, and was down as much as another 8/32 this morning. MBS is currently trading up 4/32 (as shown by the blue line) to 100.73. Remember, mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage rates … (0 comments)
The price of the FNMA 30-Year 5.0 coupon closed down 6/32 (as shown by the white line) from its opening yesterday to 101.48, and is currently down another 11/32 (as shown by the blue line) to 101.14. Remember, mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage rates will be more costly by … (0 comments)
The price of the FNMA 30-Year 5.0 coupon closed up 11/32 (as shown by the white line) from its opening yesterday to 101.53, and is currently up 10/32 (as shown by the blue line) to 101.84. Remember, mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest rates go down with it. I expect that mortgage … (0 comments)
mortgage market watch: The Daily Mortgage Interest Rate Lock Advisory - June 16, 2009
- 06/16/09 01:59 AM
What the Mortgage Backed Securities Market is Doing Today: The FNMA 5.0 Coupon opened down 4/32 from yesterday's close to 101.08 on better than expected news on new housing starts, but rebounded following the release of the worse than expected Producer Price Index (PPI) and Industrial Production readings.
The price of the FNMA 30-Year 5.0 coupon closed up 19/32 (white line) from its opening on yesterday to 101.20, but is currently down 1/32 (blue line) to 101.17. Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I … (0 comments)
The price of the FNMA 30-Year 5.0 coupon closed up 14/32 (white line) from its opening on Friday, and is currently up 21/32 (blue line) to 101.28. Remember, on MBSs, as the price goes up, the yield goes down - and mortgage interest rates go down with it. Conversely, as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage rates today will improve by 0.25 - 0.375 in discount … (0 comments)
mortgage market watch: The Daily Mortgage Interest Rate Lock Advisory - May 29, 2009
- 05/29/09 05:33 AM
What the Markets Are Doing Today: Both the bond and mortgage backed securities markets opened in positive territory after the released of this morning's economic news The Dow opened up 24 points from yesterday's close NASDAQ opened up 4 points from yesterday's close The 10 Year Treasury Bond opened up 6/32 from yesterday's close FNMA 30 Year 4.5% coupon opened up 2/32 from yesterday's close The price of the FNMA 30-Year 4.5 coupon closed up 12/32 (white line) from its opening yesterday, and is currently up 25/32 (blue line). Remember, on MBSs, as the price goes up, the yield goes … (2 comments)
What the Mortgage Backed Securities Market is Doing Today:
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