The market has twenty trading sessions before the cessation of the MBS purchase program.  Traders believe that mortgage rates should increase, most noticeably in the lower coupon, current production area. At this point, besides the Fed, traders are not seeing much buying outside of some hedge funds...

They are going up!!! http://www.marketwatch.com/story/bernanke-exit-timing-to-depend-on-data-2010-02-10-120120 The Fed could increase the interest paid on excess bank reserves to sop up “extra” cash out there, which may have more of an impact than raising the overnight Fed Funds rate. Not...

The week started off with a BANG the FNMA 30 YR 4.5% MBS posted a 34bp gain.  This week, there isn’t much data with which traders can play so expect mortgage rates to trade on emotion and momentum instead.  This is good for rate shoppers when mortgage rates are falling, but if they start to rise;...

Mortgage Backed Securities (FNMA 4.5% 30YR) gave up little ground this week shedding only 9bp.  Although you wouldn’t think that if you read all the “Increase in Mortgage Rate” Tweets, in reality Mortgage Rates ended the week where they started.  To view real time rates check my Real Time Mortgage...

Mortgage Rates improved late today as the MBS market posted a healthy improvement alongside the DOW.  As stated in Last Week’s Review Mortgage Rates are positioned to improve this week with the light Economic Calendar and absence of any Treasury Auctions. The week’s key events are Fed Chairman...

Mortgage Backed Securities performed weak this week while the Equities market posted positive earnings.  The FNMA 30 YR 4.5% lost 1.28bp, translating into roughly .50% decline in Mortgage Rates. Two major Economic indicators also contributed to the MBS decline; Monday’s Core Producer Price Index and...

Mortgage Rates had an overall positive week, the FNMA 4.5% 30 YR posted a .43bp total improvement for the week with only a slight scare on Thursday when we witnessed a capitulation of .65bp. Speculation on the improvement can be attributed to the 9 Firm kick start of the Public Private Investment Program...

Another positive week for Mortgage Rates. The Benchmark FNMA 30 YR 5% posted a positive 28bp improvement overall this week.  The newfound lack of confidence in the U.S. recovery coupled with the Geopolitical landscape are contributing factors to the resurgence in lower rates.  Fridays close is a positive...

Not much to say except is it over yet? As my colleges would say “Stop Being Chicken Little” although this time I might be right? Over the last eight (8) days MBS have been getting there you know what handed to them.  This does not translate good for consumer Mortgage Rates. End of market pricing...

Mortgage rates have not fared well the month of May, and today was no different.   Mortgage Backed Securities once again ended the day in the red, giving up 68bp.  What does this mean Mortgage Rates, how does this translate into consumer rates?  Mortgage Backed securities and consumer rates move...