Tuesday’s bond market has opened fairly flat following a calm open in stocks and no major surprises in this morning’s economic data. The stock markets are close to Friday’s closing levels with the Dow down a couple points and the Nasdaq nearly unchanged. The bond market is currently up 2/32, but we will likely see [...]

Fed discussed the prospects for selling the MBS and agency debt it recently stopped accumulating. There is some pressure for the Fed to divest itself of these investments at a pace faster than the normal runoff and retirement of loans would produce. Although no decision was made on when any such sales might occur, a [...]

Last Week; treasuries and mortgages had a good week; the 10 yr yield fell 16 basis points and mortgages down 12 basis points. Most of the week markets focused on the debt issues in the European Union led by the cliff-hanging balancing on Greece’s potential sovereign debt defaults. It took weeks and down grades on [...]

Friday’s bond market has opened well in negative territory as yesterday’s late selling continues into this morning. The stock markets are relatively flat with the Dow up 2 points and the Nasdaq down 3 points. The bond market is currently down 10/32, which with yesterday’s afternoon weakness should push this morning’s mortgage rates higher by [...]

Thursday’s bond market has opened in positive territory following early stock weakness. The stock markets are showing sizable losses with the Dow down 70 points and the Nasdaq down 17 points. The bond market is currently up 4/32, which should improve this morning’s mortgage rates by approximately .125 of a discount point. None of this [...]

Tuesday’s bond market has opened down slightly with no relevant economic news on tap today and the stock markets in positive ground. The major stock indexes are showing gains with the Dow up 25 points and the Nasdaq up 12 points. The bond market is currently down 3/32, which will likely mean an increase of [...]

This week is moderately active in terms of economic news scheduled for release. There are five reports scheduled, but only two of them carry the potential to cause noticeable movement in mortgage rates. Accordingly, there is a decent possibility of seeing a relatively calm week in the mortgage market, assuming that the stock markets do [...]