Jack's Morning Update

MBS Market Update: Rates and Movements MBS UPDATEThis morning, we are continuing the week with not much happening. We do have a couple items today while we wait on the big Friday speech at 10 AM Friday EST at the Jackson Hole Summit. What is said there can certainly move markets.…

MBS Market Update: Rates and Movements MBS UPDATEIf you look at the market BPS update below it looks a bit like a Christmas tree. The good news is we are green today after a red day yesterday. If you combine both days we are essentially where we started the week…

MBS Market Update: Rates and Movements MARKET MOVEMENTSI just love how on so many days folks stress out, anxiety up and get concerned about the market’s moment by moment. Finding peace in these situations is not likely an easy task. Last week was a great example of the importance of looking…

MBS Market Update: Rates and Movements HUGE INFLATION HITWhewee folks! If you look down at the MBS chart you are going to show a lot of red today in the mortgage backed securities market and in the stock market. We were doing really well and needed some good index reports…

MBS Market Update: Rates and Movements RATES ROCKIN TODAYYesterday was a good day because we maintained a positive move towards better rates on an inflation index reporting day. As they like to say, any day you can end the day walking is a good day. We got a 6 –…

MBS Market Update: Rates and Movements INFLATION #’S ARE INThe numbers have spoken as it pertains to inflation. Yesterday, we saw almost no movement from Monday open to Monday close likely in wait for today’s CPI number to come out. Well, there was no earth shaking results that is going…

WHERE R RATES / MBS MARKET UPDATE INFORM CLIENTS TODAY If you look at the charts from last week which you can see in the screen shot below. The last 6 candlesticks on the right side represent each day’s trading. You can tell that it was a fairly uneventful week…

WHERE R RATES / MBS MARKET UPDATE MBS UPDATE Well folks, what to say when someone asks how are rates going? This week it has been steady as she rolls due to an absence of economic reports this week as well as not much drama going on in the global and domestic…

WHERE R RATES / MBS MARKET UPDATE MBS UPDATE Yesterday and so far today we have seen very little movement in the MBS market due to the very light week of reports and not as much global and domestic news coming out. That is kind of nice for a change. Let’s…

WHERE R RATES / MBS MARKET UPDATE LOST GROUND THIS AM This morning, we are starting the day out down just a little bit. Not enough to write home to mom about but down from yesterdays close about 6 to 10 BPS. There are multiple factors that can impact markets today and…

  Where R Rates / MBS Market Update FRIDAYS RATE ROLLER COASTER Wow, Friday was a roller coaster of a ride for mortgage rates. Hopefully you were able to take advantage during the highs of the day. In case you do not know there was a 63 BPS swing between…

Where R Rates / MBS Market Update THE FED SPOKE Yesterday the big event was the Fed Meeting. That is usually put on the news so can be a hot topic for a couple days. Here is a summary of some talking points. The Fed Meeting was not good for…