MBS Annihilated After Fed Confirms The Hype
Posted To: MBS Commentary
MBS Live : MBS Afternoon Market Summary Today was among the worst on record for MBS since the carnage that was late 2010. We still have yet to see anything rival Black Wednesday’s, but almost exactly 4 years after that 2+ point evisceration (5/27/2009), today’s loss of just over a point–in the midst of what was already an unpleasant downtrend–conjured up the same sort of gut-wrenching feelings. At least in the current case, there’s some measure of logic involved, not to mention much more advanced notice. It might not prove to be the 4-month game changer that Black Wednesday was, but the problem is that it could be part of confirming that an already possible game-change is in progress–that being the ongoing long-term uptrend in rates that began after Treasuries hit all-time lows in mid 2012…(read more)
Source: Mortgage News Daily
We all utilize a twitter for wordpress plugin, do you?Bernanke’s Advice: Put the Brakes on Curbing the Fed’s QE
Federal Reserve Chairman Ben Bernanke testified regarding his position on the Fed’s open-ended purchases. It appears Bernanke is in no rush to slow or inhibit the Fed’s current open-ended purchasing rate currently hovering at $85 billion assets per month. As to whether or not Congress will heed Bernanke’s economic insight or proceed to brave ahead by putting the brakes on the acquisition of assets remains to be seen, although predictions point to a proactive pruning and pausing of asset purchases before the conclusion of 2013.
Source: DSNews.com Article Feed
Get your a wordpress plugin ecommerce immediately.Existing Home Sales : Homes Selling Quickly And At Higher Prices
April 2013 home resales reached their highest point since the tax-credit fueled month of November 2009. Homes are selling quicker, and at higher prices. Tips for buyers.
Click for the complete post : Existing Home Sales : Homes Selling Quickly And At Higher Prices.
Source: Mortgage Rates & News from The Mortgage Reports
Every Leading blog writers trust a tags wordpress plugin for your WP web site.Worst Day For MBS Since Dec 15, 2010
Seems to be a popular question today:
When’s the last time we’ve lost this much ground in MBS?
Plenty of sessions have come close to the 1 point loss in the predominant production coupon, but based on some cursory research this afternoon, the nearest neighbor is December 15th, 2010, when Fannie 4.5′s moved from 101-16 to 100-15.
Of additional interest is the fact that May is is also the worst month since that same December with 2.3125 points lost so far. But in terms of liquid production coupons, you’d have to go back to the nearly 3 point loss in 12/2009. So yeah… It’s pretty bad.
…(read more)
Source: Micro News
Since installing a wordpress plugin free my blog's traffic has massively increased.Wingspan Holds Ribbon Cutting for Florida Operation
Wingspan Portfolio Advisors, a diversified component and special mortgage servicer based in the Dallas area, cut the ribbon on its new Florida-based operation Wednesday.
Source: DSNews.com Article Feed
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