MBS RECAP: Bonds Side-Step Again, Despite Weaker Treasury Auction
Mortgage Rates Recover Yesterday’s Losses, Back In Line With Monday mortgage rates hit their best levels since late 2017 yesterday and have generally been making stellar moves for the past 2 weeks. To be fair, it’s been the broader bond market (which dictates mortgage rates, among other things) that’s been making the most stellar moves. Mortgages merely got pulled along for the ride.
February 6, 2019 Comments Off on MBS RECAP: Bonds Side-Step Again, Despite weaker treasury auction Posted To: MBS Commentary If you’re operating under the assumption that the prevailing momentum in bond markets is sideways for the time being, today offered few surprises.
Mortgage rates today, October 17, plus lock recommendations On the other hand, you are also making a commitment to close at that rate, even if interest rates have fallen. What Does It Cost To Lock Your Rate? The longer your rate lock, the higher the risk to the mortgage lender. So you’ll pay for the privilege. With most lenders, the standard lock period is 30 days. They quote rates assuming a 30-day lock.
MBS RECAP: Bonds End Weaker After decent start.. draghi speeches and Treasury Auctions Begin as Bonds Test Breakout .. The 3yr Treasury auction is the only other calendar item at 1pm, and it. For many who recently (and finally) gained net exposure to the market and after a blistering January, stocks.
MBS RECAP: Bonds Gain Despite Data Surprise and Stock Rally. At the end of the day, bonds were modestly stronger, but again, still very much inside their prevailing range. 10yr yields fell 2.22bps to 2.827 and Fannie 4.0 MBS gained an eighth of a point to end just over 102.00.
A big old rally is the bond market’s favorite. ADP and ISM to come out weaker than expected. Otherwise, yields would likely retreat back into the prevailing range to wait for NFP on the other side.
MBS RECAP: MBS Outperform, But Bonds Eventually Slide Mortgage News Daily; Mortgage Rates Hold Steady Despite Bond Market Weakness MND’s Daily Rate Market Update; Mortgage Rates Hold Steady Despite Bond market weakness mortgage news daily; markets vulnerable to Fed disappointment: Blackstone’s Joseph Zidle CNBC
MBS RECAP: Bonds End Weaker After Decent Start.. the raft of Treasury auctions on each of the next 3 afternoons.. despite some push back from underlying bond markets. Typically, weakness in.
Fund managers and other "real money" accounts came out of the gate selling bonds at the 8:20am CME open. This is a reversal from last week’s dynamic where leveraged traders pushed bonds into weaker.
MBS RECAP: MBS Outperform, But Bonds Eventually Slide . Posted To: MBS Commentary MBS did a great job of fending off an onslaught of Treasury weakness today. MBS outperformance is a relatively foreign concept of late, but we do tend to see it if Treasuries lose ground quickly enough.
. 30yr bond auction didn’t do any better. It was slightly on the weak side, but not so much as to prompt any major selling in bonds. MBS and Treasuries drifted toward the close in just barely weaker.
Mortgage rates today, November 21, plus lock recommendations · why don’t you refi. instead of paying a ton of extra cash down every month? with 15yr fixed mortgages at 3.5% right now you can likely half your mortgage term and save the interest your looking for without dumping cash into a house that you can’t pull out if you get into financial trouble. another option would be to take the money your saving every month after a refi. and plow more cash.