Jack's Morning Update

Where R Rates / MBS Market Update MORTGAGE RATE MOVEMENTS Many of you receiving this morning update only receive twice per month. If you would like to receive Mon-Thu click the link above. Last week, when you look at the week as a whole we lost on the 5.5% coupon…

Where R Rates / MBS Market Update PRODUCER INFLATION IS IN Today could be the tale of two stories. If I would have written this mornings update 45 minutes ago you would be reading a different story. We started the day down a bit this morning in the red and…

Where R Rates / MBS Market Update MARKETS REMAIN UNEASY We made it through a big week last week but what actually happened once all the dust has settled. As I like to point out regularly many times it is much less than what the media or our minds would…

Where R Rates / MBS Market Update GOOD START TO FED DAY We are coming to the end of our crazy train ride through the past week. We lost quite a bit of ground yesterday, although it was much less than where the day started so the knee jerk reaction we had…

Where R Rates / MBS Market Update ELECTION HAMMERS THE MARKETS Understanding what is happening with the markets getting hit so hard today after the election results is something your clients are going to be coming to you for answers on. With Trump being elected and the Senate going Republican…

Where R Rates / MBS Market Update ELECTION DAY RATES After a good overall day in the markets yesterday we are starting out Election Day with some uncertainty. Nothing major driving the markets today other than waiting to see what happens this evening. I would not expect too much volatility…

Where R Rates / MBS Market Update MORTGAGE RATES GET BIG BOOST As you can see with the red below we were down last week 34 to 88 BPS depending on the product and where you are on the rate sheet. That equates to $340 to $880 worse pricing per…

Where R Rates / MBS Market Update JOBS REPORT GIVES MORTGAGE RATES A BOOST I couldn’t help myself to do a special edition Friday morning update. I typically only send Mon – Thu plus I had some great news to share below. Today was all about labor and payrolls and…

MAKE NOVEMBER A MONTH TO REMEMBER 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. I am sending on the last day to help you kick start November before it hits. MBS UPDATE FIRST THOUGHWe…

Where R Rates / MBS Market Update RATES ARE IN THE GREEN That’s right folks. Green does still exist in the color palette for mortgage bonds : ) Green yesterday and green this morning. Yesterday we had quite a swing to bring us from being way down to ending the…

Where R Rates / MBS Market Update JOLTS HITS RATES TODAY Lots of red on the screen. Here is the good news. It is not the end of the world. It is just Tuesday in the mortgage industry : ) I intentionally waited this morning to send this out until…

Where R Rates / MBS Market Update NEWS IMPACTING RATES After a pretty rough mortgage rate week last week we are starting the day pretty much where we left Fridays last rate sheet. After a week of no news last week causing rates to tumble due to uncertainty about inflation,…