Jack's Morning Update

Where R Rates / MBS Market Update GREAT START TO RATES What a great week we had in the mortgage rate markets as well as a fantastic week in stocks. As I stated last week the key to seeing a potential mortgage rate rally for the better would be to…

Where R Rates / MBS Market Update POSSIBLE BETTER RATES We are finding ourselves in a very interesting place at the moment. This could be a really big deal if you know what you are looking for. I have talked about floors and ceilings and trading windows. All of those…

Where R Rates / MBS Market Update MBS UPDATE We had a good day in the markets yesterday being up from 15 to 29 BPS depending on product and where you are on the rate sheet. That equates to $150 to $290 dollars in better pricing per 100K in loan size…

Where R Rates / MBS Market Update ITEMS IMPACTING RATES TODAY The reason for this article each morning is to give you talking points with your borrowers and referral partners. Right now, they have a lot of questions, and it is kind of hard to completely wrap your head around…

Where R Rates / MBS Market Update HOW IRAN STRIKES IMPACTED RATES It is good to be back if you missed me. Jack’s morning update is back in action Mon – Thu. To say I am perplexed would be an understatement. I think we all woke up this morning concerned…

Jackism of the Day TEMPORARY ABSENCE FROM JACK’S MORNING UPDATE Hi Folks, I want to let you know effective today I am going to temporarily stop sending my morning update until the end of June. My sincere apologies to those of you who count on my articles I write each…

Where R Rates / MBS Market Update BETTER RATES TODAY We had a pretty rough day in the bond market yesterday finishing up a 5-day run of being in the red. Meaning rates getting worse. We have lost 78 BPS from last Wednesday to yesterday. Most of that is due…

Where R Rates / MBS Market Update INFLATION CAME IN We lost some ground yesterday due to the tariff relief with China and the big rebound with stocks. As a reminder what is good for the economy is good for stocks and usually not that great for bonds. Inflation is…

Where R Rates / MBS Market Update CHINA & U.S. TRADE As you can imagine the story of the day and to the markets is the 90-day trade deal between China and the U.S. agreeing to a temporary tariff deal as they work through the final solutions. The temporary agreement…

Where R Rates / MBS Market Update THE FED SPOKE Ok, so we had the Fed meeting results yesterday. The bond market and mortgage rates survived the press conference with some gains yesterday showing a little better mortgage pricing. This morning we are down just a little bit but no…

Where R Rates / MBS Market Update BIG AUCTION DAY We are starting out slow this morning after a slightly down day yesterday. We have no economic news coming out today. We DO have a 10 Year Note auction at 1 PM EST time that could impact the markets. It…

Where R Rates / MBS Market Update FED WEEK Last week we were having a stable week Monday – Wednesday. We began to see a hit to rates on Thursday and Friday. The reason for the hit to rates Thursday and Friday was the rule that what is good for the…