Jack's Morning Update

Where R Rates / MBS Market Update MBS UPDATE Did you miss me? Well I certainly hope so : )  In case you did not know I was on vacation last week and I do not write while on vacation. I am back and refreshed and ready to be here…

Where R Rates / MBS Market Update No morning update next week. I will be on vacation : )JOB CUTS & GERMANY Well the good news is that at least I warned you. You can only have up days one after another for so long. At some point you hit…

Where R Rates / MBS Market Update RATES TOPPING OUT We got our first hit of red yesterday that we have not seen in almost 13 days. Thankfully it was more like a topping out rather than a big loss. We were only down 3 – 6 BPS on the…

Where R Rates / MBS Market Update ANOTHER GREEN DAY Color me green my friends and I am wondering how many more days of green we will see. We are now at 12 out of 13 days with green on the screen. This is a very long upward climb and…

USE MARCH TO GET 2025 REVVED UP I send a version of this email on the first business day of every month in hopes to help kickstart a great month for you.  MBS UPDATE FIRST THOUGHWe have seen a crazy ride over the past 12 business days. Believe it or not…

Where R Rates / MBS Market Update INFLATION TOMORROW? We had another good day in the conforming loan side of things yesterday. Now I am starting to get really hesitant with this many good days in a row. It is going to top out at some point. The market is…

Where R Rates / MBS Market Update APPS, AUCTIONS & PERMITS After another good day in the markets yesterday we are starting down just a bit this morning. Nothing bad and will be pretty much unchanged rate sheets from yesterdays last rate sheet of the day. Assuming no big market…

Where R Rates / MBS Market Update RATES TAKE OFF Well folks, we are in the midst of an almost 8 day run of better rates. That is fantastic to hear and should put a smile on your face while at the same time saying whoa that is going up…

Where R Rates / MBS Market Update TARIFFS, RETAIL & TREASURIES It depends on which hat you are wearing as to how you faired last week in the markets. From the mortgage rate side of things we did pretty well especially in the conforming markets and we shaved 4 points…

Where R Rates / MBS Market Update JOBLESS & MANUFACTURING So what is happening today to rock our world? So far we were up yesterday and up today which is a good trend to see. Fyi, after I wrote this the conforming markets went up quite a bit and stocks got…

Where R Rates / MBS Market Update WAITING FOR RATES Kind of a slow morning thus far with not a lot happening. Investor decisions are being made with global news which there is no big changes there overnight. Central Banks across the globe are all stating the same thing. They…

Where R Rates / MBS Market Update EURO AND MANUFACTURING After a pretty volatile week last week with daily peaks and lows it always amazes me to look at the end result. This is a great example of why we should not get worked up about the small stuff. If…