Rates Surge; Time To Adjust Your Mortgage Game Plan – Mortgage News Daily
Rates Surge; Time To Adjust Your Mortgage Game Plan Mortgage News Daily
Rates Surge; Time To Adjust Your Mortgage Game Plan Mortgage News Daily
Knowing a stockâs earnings per share can be a valuable portfolio benchmarking tool. Think of EPS as GPS for where a public company is on the value map, based on how profitable it has been. What is earnings per share? Itâs a ratio arrived at by taking a company’s quarterly or annual net income and […]
The post What Is Earnings Per Share & How to Calculate It appeared first on SoFi.
For some investors, IRAs may be long-term, hands-off investment vehicles. That doesnât mean you should ignore them completely. This year, give a little love to your IRA and make sureâ¦
A card-trading expert shares his best tips to sell Pokemon cards. Plus, how to assess your cardsâ rarity and condition.
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To achieve financial freedom and grow wealth over long periods of time, itâs vital to understand the concept of inflation. Inflation refers to the ever-increasing price of goods and services as measured against a particular currency. The purchasing power of a currency depreciates as a result of rising prices. Put differently, a rising rate of […]
The post 5 Tips to Hedge Against Inflation appeared first on SoFi.
Posted To: MBS Commentary
Bond yields have been surging higher in February with last week bringing the sharpest losses so far. The move has surprised more than a few market participants. To be sure, the pace of selling doesn't seem to fit with the economic reality at first glance. Moreover, the higher yields have gone, the more expectations have increased for a technical correction. In other words, we have to find a ceiling soon, even if it's only temporary. It looked like we found that ceiling in the middle of last week, but Friday saw yields break to new highs. Now as the new week begins, we have more new highs (overnight) and more new hope for a ceiling bounce as bonds are rallying early. On the data front, this week's headliners include Durable Goods, Core PCE, and the 5/7yr Treasury auctions. With the…(read more)
A recent trading frenzy around heavily shorted stocks has targeted names such as these. But beware: The music could stop at any moment.
Posted To: MBS Commentary
Huge Mortgage-Specific Weakness The rate reset continues. Just when you thought 10yr yields surely couldn't go any higher, they did. New intraday highs of 1.394% in 10yr yields, and closing near the 1.37% inflection point. MBS aren't happy about it. When rates spike this quickly, MBS typically have to undergo a fast and painful repositioning of relevant coupons. The current iteration has seen 2.5 UMBS take the place of 1.5 coupons in just a few short weeks. But even 2.5 coupons got killed today. Multiple lenders repriced for the worse–some of them more than once. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Leading Economic Indicators 0.5 vs 0.5 f'cast Market Movement Recap 08:40 AM Heavy selling overnight in Asia. 10's hit highs of 1.394. Better buying in Europe despite…(read more)
Nosebleed valuations in the technology sector cooled off Monday amid a brutal day for Nasdaq longs. The Dow, meanwhile, clawed out modest gains.
Posted To: MBS Commentary
No Easy Answers Today; Still Anyone's Game Bonds were weaker earlier in the trading session but rallied back mid-morning before coasting mostly sideways into the close. Bond bulls were frustrated by the inability to break the floor at 1.27-1.28% in 10yr yields. Bond bears were frustrated by the clear unwillingness to explore new highs compared to yesterday. In other words, it was an "inside day" with lower highs and higher lows, and part of a 2-day consolidation following the highest yields in 11+ months. Such consolidations can be preludes to big bounces OR renewed selling pressure. There weren't any major clues in today's session about which side is going to win. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Jobless Claims 861 vs 765 f'cast, 848k prev Import…(read more)