MBS RECAP: Delayed Reaction to Fed Hurts Stocks and Bonds

February 21, 2019 Comments Off on MBS RECAP: Delayed Reaction to Fed Hurts Stocks and Bonds Posted To: MBS Commentary Although today brought the week’s most anticipated line-up of economic data as well as overnight headlines on US/China trade agreements, the biggest market mover was yesterday’s Fed Minutes.

mortgage rates today, Friday, April 14 Mortgage rates today, May 29, 2018, plus lock recommendations If you chose to invest in the Energy Select Sector SPDR you would own a piece of the 29 energy. in interest rates. If rates went up, the value of a bond — if you were to sell it before maturity –.Welcome to the Total mortgage current mortgage Rates Blog. There’s some economic data out today, but first, your daily mortgage rate forecast/advice. Where are mortgage rates going? mortgage rates finish the week at 2017 lows. The markets are closed today because of Good Friday.Mortgage rates today, May 23, 2018, plus lock recommendations Mortgage rates today, March 8, 2019, plus lock recommendations. Freddie Mac report quite a rise in rates over the seven days ending mar. 7. mortgage rates today, June 7, 2019, plus lock recommendations Mortgage rates today are driven by movements in financial markets worldwide.

MBS Pricing Snapshot Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live. Below is a recap of instant. week on concerns the Federal.

MBS Day Ahead: If Rates Keep Moving Higher, It Could Still Be a Head Fake Economy’s Strength, Future Deficit prospects drive mortgage rates To Highest Level in a Year – Research But the QE Unwind is picking up speed. The US Treasury yield, currently near 3%, is setting up for the next spasm higher. This will push the 30-year fixed rate to 5%. At 5.2%, the average mortgage rate will hit the highest level since 2010; 5.5% would take it to the highest level since 2008.In some situations, rates could move as low as the mid 2.3% range and sill end up looking like they were bouncing at 2.5% in the bigger picture (2010, for example). In the current case, we’ve seen this play out in similar fashion with a strong case to be made for adjacent levels at 2.62%, 2.47%, and 2.35%.

A Fed rate hike would boost the allure of new bonds but also make borrowing more expensive for companies and consumers – slowing down growth and reining in stock prices.

(6/25) MBS RECAP: Bonds Shake Off Fed-Induced Volatility, But MBS Can’t Keep Up Bonds were roughly unchanged overnight but soon began to improve at the CME and nyse opening bells. weak economic data at 10am didn’t hurt the rally, but it didn’t help as much as more important data would have.

The day-to-day changes in Treasuries and Mortgage-Backed-Securities (MBS) were noticeable, but they all took place inside the range of values seen last Wednesday on Fed day. In other words, the bond market (which dictates rates) digested the Fed’s message and is now waiting for the next shoe to drop.

Friday’s action: stocks finished modestly higher Friday with traders reluctant to make major moves amid continued uncertainty about interest rate hikes and worries about inflation. Volume was fairly light despite it being a quadruple witching day.

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Posted To: MBS Commentary It’s hard to say exactly where stocks and bonds would be today absent the news from yesterday night regarding a possible shutdown deal. Both sides of the market were already in the process of bouncing as of last Friday-with yesterday’s closing levels acting to extend that move.

Mortgage Rates Moderately Improved To Begin The Week Mortgage Rates Moderately Higher To Begin The Week – Mortgage rates are somewhat higher to begin the week, continuing a bounce back from better levels seen immediately after Friday’s weak employment report. Friday morning’s rate sheets were in line.

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