Jack's Morning Update

Where R Rates / MBS Market Update RATES UP AND DOWN Over the last week and specifically over the last few days we have had a lot of movement in the MBS markets with some high highs and some low lows depending on the time of day and then settling…

Where R Rates / MBS Market Update HOUSING EMERGENCY We continue to have green on our charts below which is a good thing. We did lose some ground from where we started the day yesterday although a day in the green is a good day. Stocks had another great day…

Where R Rates / MBS Market Update OIL & ENERGY MOVING MARKETSGREEN on all fronts this morning and last week Last week was a great week overall. It was even a good time to check your 401K and investments if you have stocks in them. Last week the stock market…

Where R Rates / MBS Market Update MORTGAGES KEEP GAINS We are seeing all red this morning but make sure you are looking at the numbers next to the red. They are very small this morning compared to the monster boost we got yesterday. The fact that we did not…

Where R Rates / MBS Market Update HUGE RATE BOOST Today is a good day my friends. Let us rejoice and be glad in it as we have not seen many of these lately. PPI (Producer Price Index) came in light yesterday meaning it was showing lower inflation than expected…

Where R Rates / MBS Market Update INFLATION IMPACTS We actually have some hints of green on the screen this morning except conventional which just fell a few minutes ago. By green I really mean the 10 year treasury note which is what competes with our mortgage bonds that we sell…

Where R Rates / MBS Market Update RUSSIA, INFLATION, UGHHH What can I say folks. We had a rough week last week especially last Thursday and Friday and not looking so hot this morning. Friday hurt us with a good jobs report on Friday. Both mortgage bonds and stocks got…

Where R Rates / MBS Market Update RATES GET BOOST Not much movement yesterday and we are seeing some nice improvement this morning to start the day. Although the coupons showing better are rates that will have a substantial discount. Depends on where you are on the rate sheet will…

Where R Rates / MBS Market Update VOLATILITY HITS MARKETS This mornings initial rate sheets will be about the same as yesterday’s initial rate sheets. As expected with the ISM report I discussed yesterday and the increase of job openings the markets began to slide yesterday unfavorably to the mortgage rates…

Where R Rates / MBS Market Update JOBS REPORT IMPACT You see a mix of red and green on the chart below. The most important part is the number that is red or green. As you can see 9 is the highest and 3 is the lowest. Anything less than 10…

Where R Rates / MBS Market Update BIG MBS UPDATE Did you miss me? I missed you guys. In case you did not get my message. I take the last two weeks of every year off to refresh my mind and take a break from writing and to prepare myself…

Where R Rates / MBS Market Update This will be my final morning update of the year. I take the final two weeks each year to refresh and get ready for the new year. I will be working, just not writing. See you next year!YESTERDAYS D-DAY As you can see…