| Oct 20, 2011 4:45PM Apparently, we jinxed the market yesterday by referring to recent stability... Apologies on that, but the damage is minimal... Mortgage Rates worsened slightly as trading in the secondary mortgage market and beyond grew increasingly volatile. Best-Execution offerings may be the same or slightly higher than yesterday, but if the rate remains the same, closing costs will likely have increased. Chalk the market volatility up to the situation in Europe and the impending summit this weekend (but then... Oct 20, 2011 5:06PM Just a quick post tonight, mostly to update you on how the charts that we discussed this afternoon ended up panning out by 5pm. Long story short, the trends continue to be valid, but sadly, that merely means that MBS stopped selling off when reaching 101-00. Quite a few reprices for the worse before the day was done, but no real damage done to the broader trends as can be seen below, beginning with the 101-00 ground-holding in 3.5's. We also looked at the 2.15+ level in 10yr notes, and while it did...
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