No Major Data, No Major Movement It was a snoozer of a day for bonds with yields and MBS prices holding well inside last Friday's ranges for the entirety.  An "inside day" isn't much of a surprise when the calendar is completely empty in terms of major economic data.  In fact, it was devoid of all manner of economic data.  That left only a few Fed speeches and as is the recent norm, Fed speakers are all saying the same things (thus, no surprises for bonds). At the 3pm close, both Treasuries and MBS were perfectly unchanged.  Market Movement Recap09:59 AM Modestly weaker overnight but bouncing back to unchanged.  MBS unchanged and 10yr up 0.3bps at 4.256. 11:12 AM Treasuries slightly weaker with 10yr up 1.1bps at 4.264.  MBS up 1 tick (.03). 03:03 PM MBS and Treasuries both perfectly unchanged.  10yr at 4.253
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June 24, 2024
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MBS Commentary
No Major Data, No Major Movement It was a snoozer of a day for bonds with yields and MBS prices holding well inside last Friday's ranges for the entirety.  An "inside day" isn't much of a surprise when t... (read more)
Mortgage Rate Watch
Most mortgage lenders offer mortgage rates in increments of 0.125% (i.e. 6.875, 7.0, 7.125, 7.25, etc.).  As such, a particularly notable day of mortgage rate movement is one in which we see close to a 0.125% change.  After all, that's what... (read more)
Rob Chrisman
“I saved a bunch of money on my car insurance by… switching to reverse and leaving the scene.” The word on the street is that Guaranteed Rate is changing its name to “Rate,” but of greater concern to lenders is insurance. Homeowner’s insurance costs ... (read more)
Mortgage Rates
MBS / Treasuries