Jack's Morning Update

FLAGSTAR IS KILLING IT ON SELF-EMPLOYED AND INVESTMENTSIF YOUR NOT USING ME THEN WELL, I’M SORRY : )  THIS MORNINGS QUICK LOOK MBS Pricing, Market Conditions/Information Learning Something New Every Day WHEN THE FED SPEAKS PEOPLE LISTEN MBS MAINLY UNCHANGED FROM TUE TO WED – VERY CALM – GOODToday’s knowledge…

THIS MORNINGS QUICK LOOK MBS Pricing, Market Conditions/Information Learning Something New Every Day Oooooh, well snap crackle pop. Check out our little growth in MBS the last few days. Yesterday ended by breaking through a ceiling of resistance which is great news and puts us back in a higher trading…

THIS MORNINGS QUICK LOOK MBS Pricing, Market Conditions/Information Learning Something New Every Day Since March 2nd we have lost 175 bps in margin on the 2.5% coupon. So just mainly look at your rate sheet and pretend you just added a discount to your clients rate of 175 bps since…

THIS MORNINGS QUICK LOOK MBS Pricing, Market Conditions/Information Learning Something New Every Day Powell spoke, treasury spoke and the end result is uncertainty in the bond market. The chances are good that MBS yields are going to continue to worsen as we broke through the floor I discussed yesterday and…

THIS MORNINGS QUICK LOOK MBS Pricing, Market Conditions/Information Learning Something New Every Day Definitely concerned with the ending bell yesterday. We ended just below the floor of resistance. This means we MAY be in a new trading window and we are at the top of that trading window which means…

THIS MORNINGS QUICK LOOK MBS Pricing, Market Conditions/Information Learning Something New Every Day After a pretty big drop on Friday Monday ended pretty much unchanged from the beginning of the day.  Two days to really watch the MBS chart all day is todays treasury auction which can always impact the…

SEE MEMO’S SECTION FOR FHA PRICING SPECIAL THIS WEEK ONLY MBS & Pricing Expectations My Summary From Barry Habib & The Market BORING!!!! So, boring is actually good or we could just say thank you! In the graph below you cannot read it but the far left starts at Dec…

SEE MEMO’S SECTION FOR FHA PRICING SPECIAL THIS WEEK ONLY MBS & Pricing Expectations My Summary From Barry Habib & The Market This is a good opportunity to explain how different items impact mortgage rates. Yesterday was a very busy news day but the market pretty much stayed intact due…

SEE MEMO’S SECTION FOR FHA PRICING SPECIAL THIS WEEK ONLY MBS & Pricing Expectations My Summary From Barry Habib & The Market Huge news day today that can impact bond yields. Monthly bond coupon rollover, 3 consumer price indexes and a 10 yr treasury auction. Today is one of those…

SEE MEMO’S SECTION FOR FHA PRICING SPECIAL THIS WEEK ONLY MBS & Pricing Expectations My Summary From Barry Habib & The Market Habib says start the day carefully floating. So, why does he say that. If you have been following we are dead center in the middle of the trading…

THIS MORNINGS QUICK LOOK MBS Pricing, Market Conditions/Information Learning Something New Every Day Yesterday we played in our new trading window and for a short moment thought we were seeing a break to better pricing in the previous trading window but boom it quickly came right back down to where…

MBS & Pricing Expectations My Summary From Barry Habib & The Market Habib says start the day carefully floating. So, why does he say that. If you have been following we are dead center in the middle of the trading window starting the day which means we have a long…