Flattest Trading Day in 2 Years

Flattest Trading Day in 2 Years Bonds began the overnight session in slightly weaker territory and held almost perfectly flat for the rest of the day. In terms of Asia+Europe+US hours, it was the flattest trading day in 2 years. With that in mind, it doesn't make much sense to analyze the reasons for movement nor the significance of its scope. All that's left is to ask what the implications are. The answer could be as simple as as the empty calendar ahead of high consequence data later in the week, but it's not as if that hasn't happened before. Sometimes flat is just flat. Market Movement Recap09:31 AM Bonds opened weaker in Asia and have been mostly flat through the domestic open. 10yr up 3.2bps at 4.292. MBS down just over an eighth. 11:46 AM Sideways to slightly stronger since the last update. MBS down 3 ticks (.09) and 10yr up 2.8bps at 4.288 02:17 PM 10yr up 2.4bps at 4.284. MBS down 2 ticks (.06) and illiquid at times. 03:47 PM Unchanged from the last update. Excruciatingly sideways.

September 11, 2023 Download our Mobile App: Download our Mobile App: MBS Commentary Flattest Trading Day in 2 Years Flattest Trading Day in 2 Years Bonds began the overnight session in slightly weaker territory and held almost perfectly flat for the rest of the day. In terms of Asia+Europe+US hours, it was the flatte... (read more) Rob Chrisman Warehouse, HELOC, AMC, Rate Lock; Automation, POS Products; Insurance and Disaster News One of the topics here in Tennessee is how lenders can help real estate agents or clients. Wanna maybe help your client or favorite real estate agent grappling with inventory? HUD has a “Home store” of houses. Worth a shot at 3.5 percent down propert... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.30% +0.08% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.30% +0.08 0.00 15 Yr. Fixed 6.65% +0.06 0.00 30 Yr. FHA 6.79% +0.05 0.00 30 Yr. Jumbo 7.33% +0.03 0.00 5/1 ARM 7.07% +0.02 0.00 30 Yr. VA 6.80% +0.05 0.00 Updates Daily - Last Update: 9/11 15 Yr. Fixed Rate 6.65% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 7.12% -0.06 0.00 15 Yr. Fixed 6.52% -0.03 0.00 Updates Weekly - Last Update: 9/7 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.16% +0.07 0.68 15 Yr. Fixed 6.57% +0.06 0.94 30 Yr. Jumbo 7.11% +0.07 0.55 Updates Weekly - Last Update: 8/16 MBS / Treasuries UMBS 30YR 6.0 99.78 -0.09 Price / Yield Change MBS UMBS 6.0 99.78 -0.09 GNMA 6.0 100.13 -0.02 Pricing as of: 9/11 5:31PM EST 10 Year US Treasury 4.2900 +0.0300 Price / Yield Change US Treasury 2 YR Treasury 4.993 +0.004 5 YR Treasury 4.412 +0.013 7 YR Treasury 4.376 +0.022 10 YR Treasury 4.290 +0.030 30 YR Treasury 4.375 +0.041 Pricing as of: 9/11 5:31PM EST Latest Video The Fed is 'done' and we won't get a November bump, says KBW CEO We'll see CPI move higher due to energy costs, says NewEdge Wealth's Camero... NY Fed: Job loss concern rises 2% to the highest level since April 2021 The Fed should stop hiking rates this year: Dynasty's Ron Insana Around the Web Calculated Risk Blog Q2 Update: Delinquencies, Foreclosures and REO CNBC Fears over access to credit hit highest level in more than a decade, New York Fed survey shows Marketwatch Treasury yields rise as Japan's 10-year rate reaches highest in roughly a decade Calculated Risk Blog Housing September 11th Weekly Update: Inventory increased 0.1% Week-over-week; Down 6.9% Year-over-year CNBC Treasury yields rise as investors look to key inflation data Calculated Risk Blog Leading Index for Commercial Real Estate Decreased in August CNBC Most first-time homebuyers don't put down 20%, expert says. Here's how much you may need CNBC Apartment rents are on the verge of declining due to massive new supply Calculated Risk Blog The "Home ATM" Stays Mostly Closed in Q2 CNBC Germany predicted to be the only major European economy to contract this year as recession lingers Marketwatch Chicago Fed's Goolsbee suggests central bank is almost done raising rates Calculated Risk Blog Fed's Flow of Funds: Household Net Worth Increased $5.5 Trillion in Q2 Eye on Housing Decline for AD&C Loan Volume in the Second Quarter

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