Wednesday, March 28, 2012

Late Day Losses For MBS, Potential Volatility Ahead

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Mar 28, 2012 2:43PM

Mortgage Rates Move Sideways Again! Potential Volatility Ahead

Mortgages Rates broke a sideways streak to move lower yesterday, but are right back to their 'sideways ways' today! This keeps the Conventional 30yr Fixed Best-Execution Rate at 4.0%, although 3.875% quotes are viable, even if they don't necessarily constitute the most efficient combination of closing costs and payment for most scenarios. This raises an interesting point regarding "efficiency." What is the "most efficient combination" of closing costs and payment? Ultimately that will depend on several...

Mar 28, 2012 4:19PM

MBS RECAP: Liquidity Dries Up Late, MBS Down But Not Out

The most recent uptick in 10yr yields, despite occurring in "almost not enough to care" volume, broke the previously supportive ceiling for the afternoon, shifting the tone of the afternoon from "ground-holding" to something slightly less optimistic.


Micro News

3:41 PM:

Support Breaking Down in Light Volume, Additional Reprice Risk

1:27 PM:

Freddie Mac March Economic and Housing Market Outlook

1:10 PM:

Bond Markets Pare Some Gains Following 5 Yr Note Auction

12:35 PM:

5yr Auction Preview

11:57 AM:

BofA CEO Strikes Optimistic Tone on Mortgage Exposure

10:58 AM:

MBS Turn Green On The Day As Stocks Slide

9:25 AM:

Bond Markets Open Weaker, but Improve After Durables Data

8:36 AM:

ECON: Durable Goods Rise, But Fall Short of Expectations

Around the Web

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Santelli's Morning Bond Report

Underwater Mortgages in U.S. States

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Today's Comments

Donald Scott

"Mostly lenders are worried about the saleability of the high LTV/CLTV loans. They are worried that they will be stuck with non-performing loans down the..."

Jason Harris

"I closed one last week with a $400K 1st, subordinated a $105,000 2nd lien and had an appraisal of $240K. (We require 2055 EXT for all Fannie's) Saved..."

catherinecoy

"Donald Scott, can you give us a few "for instance" regarding UWM's HARP overlays. Why in the world do lenders/investors need to gummy up..."

Today's Q&A

"Who Is Responsible for a Mortgage When a Spouse Dies Without a Will?"

"Can an inherited foreclosure impact a minor's credit?"

"HARP Refi or Bust - PNC Mortgage"