Jack's Morning Update

Where R Rates / MBS Market Update IT’S FED DAY Markets are waiting on Fed results today. The times to make sure you are aware of is 1:00 PM Central and 2 PM Eastern which is when they release the one page interest rate decision and summary of their meetings.…

Where R Rates / MBS Market Update WAITING FOR WEDNESDAY Thankfully the market has found a temporary floor of support and we stopped the increase of rates we experienced last week. We had some green on the screen yesterday and have lost a little bit of ground this morning. We…

Where R Rates / MBS Market Update RATES HIT HARD Last week was not a good week for mortgage rates. I wish I could say it was an event or headline news or some really bad reports that came in. In reality, it is the pressure put on the technical…

Where R Rates / MBS Market Update FED IMPACTS RATES We got beat up pretty bad yesterday. After receiving CPI Inflation as expected and we actually had good demand on the 10 year note the MBS market began to dissolve yesterday. Part of the reason was the Fed came out yesterday…

Where R Rates / MBS Market Update INFLATION #’S ARE IN Today we had the much anticipated CPI (Consumer Price Index) inflation number come in. CPI came in right at expectations. Although, the year over year number increased .1% to 2.7% from last month it was what they were expecting. Month over…

Where R Rates / MBS Market Update BUSINESSES ARE HOPEFUL Yesterday we got hit with a bit of red. There was no real basis for the change due to reports or headline news. It looks to be more due to preparing for CPI and the 10 year auction on Wednesday and…

Where R Rates / MBS Market Update GREAT WEEK IN RATES We had a great week in mortgage rates last week. We were up from 43 to 50 BPS depending on the product and where you were on the rate sheet. That is $430 – $500 per 100K in loan…

Where R Rates / MBS Market Update FED, JOBS & RATES We had some nice green on the screen yesterday followed by a little red this morning. Overall we are up about 10 BPS if you compare the last two days together which is a good thing. We continue to battle…

Where R Rates / MBS Market Update RATES NOT REACTING RIGHT We have a little red on the screen this morning so you will see morning rate sheets down just a hair from where we ended yesterday but nothing that will hurt too many deals.  ADP Private Payrolls came in…

USE DECEMBER TO PLAN FOR 2025 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 are down from 3 – 9 BPS yesterday in the conforming and govt markets which can…

Where R Rates / MBS Market Update RATES HIT CEILING As we get back to the norm of working after a long holiday weekend and for many a long holiday week. We have some things to be thankful for. If comparing rates from last Monday open to Friday close we…

Where R Rates / MBS Market Update This will be the only morning update this week. See ya next Monday!NICE BOOST THIS MORNING As you can see from the green below we had another stable week of rates. We are closing in on a month of stabilized rates where we…