Announcement

Collapse
No announcement yet.
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

  • What happened yesterday in the rate market?

    Again, courtesy of ratealert.com

    "What happened yesterday?
    The benchmark FNMA 3.5% August coupon lost -11BPS from Friday's close.

    We had a fairly quiet day...perhaps the "calm before the storm" this week.

    Pending Home Sales were better than expected (-0.4% vs -1.0%) and this is during the period where mortgage rates where near their highest of 2013. But MBS were not materially impacted by this report.
    From a technical perspective, MBS traded in a very tight range that was only 24BPS wide from our highs to our lows. Once again appetite for MBS decreased at the top of our trading channel which is our ceiling of resistance"
    Jesse Gonzalez, Broker/REALTORŪ
    Archer Realty
    DRE License#01855372
    NMLS MLO#278103
    707-583-3666

  • #2
    Thanks for sharing the informative post.

    Comment

    Previously entered content was automatically saved. Restore or Discard.
    Auto-Saved
    Smile :) Big Grin :D Frown :( Mad :mad: Stick Out Tongue :p Embarrassment :o Confused :confused: Wink ;) Roll Eyes (Sarcastic) :rolleyes: Cool :cool: EEK! :eek:
    x
    Insert: Thumbnail Small Medium Large Fullsize Remove  
    x

    Please enter the six letters or digits that appear in the image below.

    Registration Image Refresh Image

    AgentLinkus Member

    Collapse

    Jesse Gonzalez Real Estate and Mortgage Broker in Sonoma County, California. I have over 10 years of real estate experience and enjoy every minute of it. Certified Military Housing Specialist. Find out more about Jesse Gonzalez

    What's Going On

    Collapse

    There are currently 1634 users online. 5 members and 1629 guests.

    Most users ever online was 43,843 at 08:38 AM on 05-07-2014.

    Working...
    X