Jack's Morning Update

Where R Rates / MBS Market Update BIG FED RATE DAY It was a good day for mortgage rates yesterday. Gaining 22 to 34 BPS depending on the product and where you are on the rate sheet. That equates to $220 to $340 better pricing for the same rate per…

Where R Rates / MBS Market Update JOBS IN OUR FAVOR As expected, yesterday was a non-event with little global or economic reports rolled out. As a reminder. My main goal for you in this article is talking points with your clients and your referral partners. Simply insert some of…

Where R Rates / MBS Market Update BIG RATE WEEK I suppose I picked a great week to travel to visit clients and not send the morning update last week. Not much happened in global events nor in market reports that impacted rates last week. If you look at the…

Note: I Will Not Be Sending Out Morning Update Next Week. I Am Traveling Visiting Clients. If I Am In Your Area And You Want Me To Stop By Reach Out And I Would Love To Add You To My Schedule. Mon – (Birmingham Area) – Tue (Metro Atlanta), Wed…

Where R Rates / MBS Market Update RATES UP & DOWN The tale of yesterday and today. When the dust has settled thus far, we are about where we started yesterday with a bit of volatility in the middle. Look at the chart below. Losses yesterday is replaced with gains…

Where R Rates / MBS Market Update INFLATION #’S ARE IN All eyes were on the CPI (Consumer Price Index) this morning. Read yesterday’s morning update for explanation of what the CPI is.  We had a mixed reading, and the markets are not overreacting to the results. In the past…

Where R Rates / MBS Market Update TARIFFS & RATES Last week we lost some ground to the tune of 22 – 35 BPS from Monday open to Friday close. This equates to $220 – $350 higher costs per 100K in loan amount if comparing the same rate from Monday…

Where R Rates / MBS Market Update TARIFFS & FED CUTS Yesterday, we had a great day in mortgage-backed securities. Some of the items that impacted the markets is we had a pretty decent demand for the 10 Yr Note Auction yesterday. That was very good to see.  The FED…

Where R Rates / MBS Market Update FED & AUCTIONS Yesterday was a pretty calm day with very little volatility. Today we are up a pretty good amount which is great to see. This afternoon we could see some volatility though so be prepared if you are planning to lock…

Where R Rates / MBS Market Update WHERE ARE RATES? We had quite the week last week—and it didn’t end so great for mortgage rates. A few things happened. First, there was technical trading, which means the markets reacted to buying and selling patterns rather than any big global or…

Where R Rates / MBS Market Update RATE HITS LAST TWO DAYS As you can see from the charts below, we are seeing a bit of red on the screen. Yesterday morning we had a huge rally for better rates early on with jobs reports info coming out. You cannot…

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. In this case a great second half of the year. MBS UPDATE FIRST THOUGHThis morning, we are up around 6…