Jack's Morning Update

Daily Rate Briefing: TALKING POINTS TODAY Quick note before we start. The purpose of the Morning Rate Brief is simple. It’s to give you something to talk about in your conversations with referral partners and clients. The data matters only because it helps you explain what’s happening and why. I’m…

Daily Rate Briefing: MBS YEAR OF GAINS Well folks, we have another year in the books. I thought it would be interesting to take a look at what actually happened in mortgage-backed securities over the past year and where that leaves us today. From this time last year to now,…

Daily Rate Briefing: INFLATION IS DOWN Well folks, let’s unpack what happened and what it means so we can educate, inspire, and hopefully add some wisdom to our conversations with clients and referral partners. Yesterday in the conventional market, we improved by 3 bps. No big deal, right?Well… maybe not.…

Daily Rate Briefing: MBS UPDATE Sorry for missing in action the last couple days. I have been traveling and in meetings, but I am back and glad to serve you this morning. To get you caught up we are up 10 BPS from Monday morning open so you can at…

Daily Rate Briefing: FED MEETING RESULTS A good day yesterday after the Fed meeting. Conv rates were better by 21 BPS and Govt were better by 6 BPS at end of day. The 10 yr ended down 3 at 4.15 which was good to see. The Dow ended UP 497…

Daily Rate Briefing: IT’S FED DAY Today is the big day where the Fed decides on the next interest rate decision as well as reveals their two days of meetings thoughts and actions. If everything goes as expected including cutting rates by .25 then the markets may not react at…

Daily Rate Briefing: LABOR REPORTS IN Yesterday we lost 16 BPS on the conventional rates side of the house and we were down 6 BPS on the govt side. Not end of the world losses but I always prefer green over red. The DOW ended down 15 and the S&P…

Daily Rate Briefing: IT’S FED WEEK Here is what happened last week from Monday open to Friday close. Conventional mortgage rates slipped by 6 BPS and government mortgage rates finished right where they started. In other words, the market basically held steady. Weeks like this remind us why it is…

Daily Rate Briefing: LABOR MARKET SLIPS Hope you missed me yesterday! I am traveling and could not get my morning udpate out. From Monday open to Tuesday close this week we have seen conventional rates stay the exact same but with a whole lot of volatility in between. Over 30…

Daily Rate Briefing: RATES – STOCKS – INFLATION As always, I like to start Mondays with what happened all of last week. We actually had a pretty solid stretch in the conventional mortgage bond market while everyone was out. Friday especially carried the week. From Monday open to Friday close,…

Daily Rate Briefing: MIXED MARKET HELPING We had ourselves a green kind of day yesterday, which is a pretty great way to kick off a holiday week. Conventional pricing picked up 15 BPS, government stayed steady, and even stocks joined the party. That almost never happens. The DOW climbed 202…

Daily Rate Briefing: WEEKLY RATE RUNDOWN Every Monday I like to look at the full week instead of just what happened yesterday or early this morning. It gives us a much clearer picture of where rates are heading. Last week the conventional market finished up 18 from Monday open to…