Treasury
MBS Day Ahead: One Floor Opens, Another Takes Its Place
Posted To: MBS Commentary
10yr yields broke below 1.075% yesterday–a level that had proven tough to break despite multiple attempts in the past 2 weeks. The move followed several large block trades that provided leadership for an otherwise range-bound market. Some reports suggested the big move lower in stocks and the rally in bonds had to do with Senator Schumer pushing the stimulus timeline back to "mid-March." While that looks entirely plausible for the stock market, bonds were already on the move before that, and the big trades hit more than 10 minutes before the first Schumer-related news hit the wires. In general, there are strong cases to be made AGAINST big moves in either direction unless new data or information come to light that speak to the growth outlook in some significant way. Monday's…(read more)
The 5 Most Popular Long-Term Investments of 2020
Mortgage and refinance rates today, Jan. 16, and rate forecast for next week
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. But that followed six days without a fall, five of which showed rises. And averages remain noticeably higher than […]
The Fed won’t keep interest rates near zero forever â hereâs what to do now – CNBC
The Fed won’t keep interest rates near zero forever â hereâs what to do now CNBC
What You Need to Know About Filing Taxes Jointly
As a married couple, you and your spouse have the option of filing taxes jointly or separately. The IRS does encourage you to file your income tax returns jointly by providing a host of resources and incentives to do so. There are a lot of advantages to filing taxes jointly. However, there are also some… Read More
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Mortgage and refinance rates today, January 26, 2021
Today’s mortgage and refinance rates Average mortgage rates edged lower yet again yesterday. And they’re now tantalizingly close to the all-time low. But early signs in markets suggest the recent […]
MBS RECAP: MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation
Posted To: MBS Commentary
MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation Treasuries didn't gain any new ground today, but it's a bit of a victory to simply hold below the recent floor at 1.075%. Moreover, MBS outperformed after sellers offered up very light supply in the Fed's 30yr Fixed UMBS buying operation today. By the close, UMBS 1.5 and 2.0 coupons were both up at least an eighth of a point while Treasuries weren't any better than unchanged. All in all, it was an extremely calm trading session. Durable Goods data in the morning tomorrow followed by a Fed Announcement at 2pm ET. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Case Shiller Home Prices (y/y) 9.1 vs 8.6 f'cast, 8.0 prev FHFA Home Prices (y/y) 11.0 vs 10.3 prev Consumer…(read more)
Mortgage And Refinance Rates Today, Jan. 26 | Rates turning? – The Mortgage Reports
Mortgage And Refinance Rates Today, Jan. 26 | Rates turning? The Mortgage Reports
Mortgage and refinance rates today, January 22, 2021
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. The fall was the smallest that can be measured. But was welcome nonetheless. First thing this morning, key markets […]