ARCHIVED BLOG POSTS
2008
0
Comments
MBS prices are up +9/32 (FNMA 30-yr 5.5 at 101.84), above the initial pricing level at +5/32. Favorable repricing took place. A stock market decline pushed MBS prices higher, and the Dow lost 240 points. October Pending Home Sales fell slightly to 88.9, which was above the consensus of 86.5, and ...
12/09/2008
0
Comments
MBS prices are up +4/32 (FNMA 30-yr 5.5 at 101.56), below the :initial price level at +8/32. It was a volatile session, and unfavorable repricing took place. No economic data came out today. The Dow gained about 300 points, and Treasury markets fell moderately, but MBS markets ended with small ga...
12/08/2008
Mortgage rates moved even lower this week, helped by economic weakness and recent actions by the Fed and the Treasury. Conforming fixed-rate mortgage rates dropped to levels last seen in 2003. According to Freddie Mac, the weekly decline in rates was the largest since 1981, over its Wednesday to ...
12/05/2008
0
Comments
MBS prices are down -12/32 (FNMA 30-yr 5.5 at 101.44), below the initial price level at -9/32. It was a very volatile session, and unfavorable repricing took place. The weaker than expected Employment report produced a brief rally in MBS prices, but they moved lower for most of the session. Appar...
12/05/2008
0
Comments
Government officials have been under enormous pressure to help stabilize home prices and prevent foreclosures. At the same time, they don't want to appear to be using taxpayer money to bail out undeserving individuals and institutions. As Fed Chief Bernanke stated, the solution may involve a "ful...
12/04/2008
0
Comments
MBS prices are up +10/32 (FNMA 30-yr 5.5 at 101.81), flat to the initial price level. It was a volatile session. The Treasury announced that it is considering a plan which would push mortgage rates as low as 4.50% for some agency guaranteed loans used to purchase homes. Weekly Jobless Claims cam...
12/04/2008
0
Comments
MBS prices are down -2/32 (FNMA 30-yr 5..50 at 101.50), above the initial price level at -7/32. It was a volatile session, and favorable repricing took place. Third quarter Productivity was revised a little higher than expected. November ISM Services fell to 37.3, below the consensus of 42.0, to ...
12/03/2008
