Jack's Morning Update

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry FED SPEAK Yesterday we started the day out with not much news and not much to talk about with only two things happening. The first was a 20…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry TREASURY / MORTGAGE SPREAD In light of the slow news week this week I figured I would chat about what the spread between the 10 Year Treasury Note…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry WHERE R RATES? It may not be Monday morning but since the markets were closed yesterday Tuesday is our new Monday this week.  As I always love to…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry GREEN ON THE SCREEN We ended the day yesterday on conventional 15 – 28 BPS depending on the coupon and up 12 – 16 in the FHA, VA…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry RATES TAKE A BEATING Well folks, the good news is at least I warned ya. What we hoped would not happen did happen. Bottom line is inflation came…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry BIG INFLATION DAY Well yesterday could be defined as the day of nothing. Where we ended Friday is pretty much where we ended Monday which in my opinion…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry THE WEEK IN RATES So what actually happened after all the dest settled in rates last week. You know that is my favorite thing to go over because…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry WHERE R RATES? Today was kind of a strange day in the markets. We were up, we were down. We navigated between about a 30 BPS spread throughout…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry RATES ROCKED YESTERDAY A few things happened yesterday that helped us get a little bit of traction. One of the items you have to watch is the 10…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry BAD DAY FOR BONDS We took a hit yesterday morning and never really recovered from it yesterday. Make sure you monitor the rate sheet especially for conventional loans…

PERKS TO GROW YOUR BUSINESSMBS TRACKING SITEMORNING TEXT UPDATEHANDY DANDY GUIDES Tour De Mortgage Finance Learn Something New Everyday About Your Industry WHERE R RATES? Some of you noticed you have not received a morning update in a couple weeks. Yep, tis true! I was on Jackation (working vacation) and…

RATES SNAPSHOTMBS CHANGE YESTERDAYCONV – DOWN 10 – 47 BPSGOVT – DOWN 16 BPSMBS CHANGE MTDCONV – UP 0GOVT – UP 28UNDERSTANDING BPS OTHER MARKETSDOW JONESYESTERDAY – DOWN 231.85MTD – DOWN 349.8810 YEAR NOTEYESTERDAY – UP 10 TO 4.05MTD – UP 19 FROM 3.86WHY THE 10 YR MATTERS PERKS TO…