Weekly Rate Report: Mortgage Rates End Month Much Lower

View this Report in your Web Browser | Forward to a Friend | Subscribe
weeklyrateheader.png
30 Year Fixed
4.34% -0.07
15 Year Fixed
3.37% -0.07
10YR Treasury
2.65% -0.0473
FNMA 30YR 3.5
101.56 +0.31
FNMA 15YR 2.5
103.25 +0.19
View Today’s Rates
Mortgage Rates End Month Much Lower
January 31, 2014
Market Summary
Mortgage rates moved lower for an exceptionally rare 4th week in a row, making January one of the strongest months in the past 5 years, and easily extending the move into 2014 lows. Most of the movement was seen with Wednesday’s FOMC Announcement, but it wasn’t the announcement itself that helped rates as much as it was the reaction in global financial markets. Heavy selling in stocks and emerging market currencies sent investors elsewhere looking for stability. Much of that cash has found a home in Treasuries and the mortgage-backed-securities that most directly affect mortgage rates.

4.375% is now the most prevalently quoted conforming 30yr fixed rate for ideal scenarios (best-execution), but 4.25% is surprisingly close considering the amount of time it took to move from 4.5 to 4.375%.

Last week’s assessment that global financial markets could continue to ride the recent wave of panicked reallocation from riskier assets to safer assets like Treasuries, turns out to be an understatement. Though the surfboard is crowded, the wave continued all week. It’s finally showing some signs of breaking now, and the only thing that will enable rates to continue moving lower at a similar pace would be another awful jobs report next week, or perhaps the onset of an epic selling-spree in equities. The consensus among our community members is shifting from “enjoying the ride” to “cashing in the gains.”

Matthew Graham, Chief Operating Officer, Mortgage News Daily

30 Year Fixed Rate Mortgage
31?w=360
Week in Review
Rates shown below are based on the 30 Year Fixed Rate Mortgage

Beginning Average: 4.43%
Ending Average: 4.34%
Weekly Change: -0.09%
Yearly Change: +0.84%

Friday, January 24, 2014 : 4.43% (-0.04%)
Mortgage rates continued a strong move lower today, benefiting from a global sell-off in risk-related assets. What’s a risk-related asset? In this case, it’s a catch-all term for investments that carry greater risk and greater reward, such as stocks and emerging market currencies. When risk-assets get trounced, bond markets are often one of the safe-haven beneficiaries, and stronger bond markets mean lower mortgage rates.

In the current case, and indeed in most cases where there is a large tidal exchange across the risk spectrum, mortgage rates aren’t able to fall as quickly as more direct beneficiaries like Treasuries. Still, they’re falling. Most of the improvement has been in the form of lower closing costs for the same interest rates quoted yesterday, but some borrowers may be an eighth of a point lower today. 4.5% remains the most prevalently quoted conforming 30yr fixed rate for ideal scenarios (best-execution), but 4.375% is VERY close at several lenders. When adjusted for day to day changes in closing costs, rates fell an equivalent of 0.03-0.04% today.

More detail: “Mortgage Rates Push Well Into New 2014 Lows”

Wednesday, January 29, 2014 : 4.40% (-0.09%)
Mortgage rates moved significantly lower today after drifting higher during the first two days of the week. As was the case on Friday, today’s rates initially benefited from further weakness in equities and emerging market currencies. The afternoon saw a paradoxical move into even better levels after the Fed stuck to their tapering script, further reducing the amount of Treasuries and Mortgage-Backed-Securities it purchases each month by $10 billion.

Lower rates are a paradox because up until now, a reduction in the pace of bond buying has unequivocally suggested higher rates, all things being equal. But in the current scenario, the emerging market weakness mentioned above is theoretically being driven by tapering. So in that case, more tapering means more emerging market pain, which in turn has theoretically breathed new life into bond markets and mortgage rates. It’s all a bit confusing because if you follow that logic, it means that mortgage rates were in a win-win situation today.

More detail: “Mortgage Rates Surge to New 2014 Lows Following Fed Announcement”

Thursday, January 30, 2014 : 4.41% (+0.01%)
Mortgage rates inched higher today after hitting the lowest levels of the year yesterday. Trading in the secondary mortgage markets was far calmer by comparison as yesterday’s FOMC Announcement served as a focal point for volatility. As the end of the day approaches, trading levels for the mortgage-backed-securities (MBS) that most directly influence rates are fairly close to yesterday’s latest levels, but had been weaker this morning. The improvements allowed a few lenders to release positively revised rates sheets as the day progressed, but on average rates are still slightly higher.

More detail: “Mortgage Rates Steady to Slightly Higher”

Friday, January 31, 2014 : 4.34% (-0.07%)
Mortgage rates moved forcefully lower today, bringing them well past previous 2014 lows and back in line with levels not seen since November 19th. Overnight weakness in equities and foreign markets continues to promote strength in US bond markets, including the mortgage-backed-securities (MBS) that most directly influence mortgage rates. This further solidifies 4.375% as the most prevalently quoted conforming 30yr fixed rate for ideal borrowers (best-execution). For some lenders, that rate remains 4.5%, but for the most aggressive lenders 4.25% is a close contender for utterly flawless scenarios. When adjusted for day to day changes in closing costs, rates fell an equivalent of 0.07% today.

More detail: “Mortgage Rates End Month Triumphantly Lower”

Co-branding this Report
Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads.
Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 4.34% -0.07
15 Yr FRM 3.37% -0.07
FHA 30 Year Fixed 4.00% +0.00
Jumbo 30 Year Fixed 4.25% -0.06
5/1 Yr ARM 3.21% -0.04

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.61% 1.06 -0.10
30 Yr. Fixed 4.48% 1.36 -0.10
MBA ** hdr_arrow.png
30 Yr. Fixed 4.52% 0.40 -0.05
15 Yr. Fixed 3.59% 0.26 -0.09
30 Yr. Jumbo 4.47% 0.27 -0.10
30 Yr. FHA 4.18% 0.33 -0.06
5/1 ARM 3.25% 0.33 +0.02
Freddie Mac ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
30 Yr. Fixed 4.32% 0.70 -0.07
15 Yr. Fixed 3.40% 0.60 -0.04
1 Yr. ARM 2.55% 0.40 +0.01
5/1 Yr. ARM 3.12% 0.50 -0.03

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 97.36 +0.39
30YR FNMA 3.5 101.56 +0.31
30YR GNMA 3.0 99.13 +0.41
30YR GNMA 3.5 102.94 +0.30
15YR FNMA 3.0 103.25 +0.19
15YR FNMA 2.5 100.39 +0.23
Treasuries hdr_arrow.png
Yield Change
Current MBS / Treasury Prices »
MBS and Treasury data provided by Thomson Reuters.
Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.
Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information
2 YR 0.3317% -0.0158
5 YR 1.4918% -0.0214
10 YR 2.6476% -0.0473
30 YR 3.6011% -0.0322
Prices as of: 1/31/2014 4:31PM EST

TR_Eikon_Email.png

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates presented in this report are averages and are subject to change without notice.

© 2014 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

View this Report in your Web Browser | Forward to a Friend | Subscribe
You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Daily Newsletter: Mortgage Rates Surge Lower; Housing Not so Bad; Best Month for MBS in 2 Years

View this Report in your Web Browser | Forward to a Friend | Subscribe
dailynewsletter.png
30 Year Fixed
4.34% -0.07
15 Year Fixed
3.37% -0.07
10YR Treasury
2.65% -0.0473
FNMA 30YR 3.5
101.56 +0.31
FNMA 15YR 2.5
103.25 +0.19
View Today’s Rates
Friday January 31, 2014
Mortgage Rate Watch – 4:16PM
Mortgage Rates End Month Triumphantly Lower
Mortgage rates moved forcefully lower today, bringing them well past previous 2014 lows and back in line with levels not seen since November 19th. Overnight weakness in equities and …
MND NewsWire – 12:51PM
Housing Might Not be Looking so bad After All
“The familiar saying that housing brings the economy out of recessions did not hold true this time around,” according to David Crowe, Chief Economist for the National Association of …
MBS Commentary – 4:17PM
MBS RECAP: Steady at Higher Prices to end Best Month in 2 Years
Although we have just under an hour of trading left in the day, if MBS were to end right at current levels, January would be the strongest month of gains in over 2 years, beating out …
Pipeline Press – 10:23AM
More on Appraisals; Provident’s Broker Comp Info; Can Small Banks Continue Doing Home Loans?
As a reminder, since I am still being asked about it, along with a number announcements and policy amendments taking effect on the 1 st of January, the CFPB has increased two important …

Latest Video


The Santelli Exchange: The notion of a ‘correction’

$8.5 billion BofA settlement stands

Ben Bernanke leaves the office today

More News from ‘Around the Web’

Today’s Comments

avatar.aspx MBS Live Chat – 12:53PM
“except it is a excellent day to lock…”
avatar.aspx MBS Live Chat – 12:54PM
“i agree victor – i’ve locked one and will lock 1-2 more…”
avatar.aspx MBS Live Chat – 12:55PM
“i vote for locking what you have for new loans today….”
avatar.aspx MBS Live Chat – 1:22PM
“FHA experts, can a 2nd FHA appraisal be used to dispute the value of an appraisal that is already logged?…”
avatar.aspx MBS Live Chat – 1:30PM
“No. Can only have one active FHA appraisal at a time….”
Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 4.34% -0.07
15 Yr FRM 3.37% -0.07
FHA 30 Year Fixed 4.00% +0.00
Jumbo 30 Year Fixed 4.25% -0.06
5/1 Yr ARM 3.21% -0.04

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.61% 1.06 -0.10
30 Yr. Fixed 4.48% 1.36 -0.10
MBA ** hdr_arrow.png
30 Yr. Fixed 4.52% 0.40 -0.05
15 Yr. Fixed 3.59% 0.26 -0.09
30 Yr. Jumbo 4.47% 0.27 -0.10
30 Yr. FHA 4.18% 0.33 -0.06
5/1 ARM 3.25% 0.33 +0.02
Freddie Mac ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
30 Yr. Fixed 4.32% 0.70 -0.07
15 Yr. Fixed 3.40% 0.60 -0.04
1 Yr. ARM 2.55% 0.40 +0.01
5/1 Yr. ARM 3.12% 0.50 -0.03

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 97.36 +0.39
30YR FNMA 3.5 101.56 +0.31
30YR GNMA 3.0 99.13 +0.41
30YR GNMA 3.5 102.94 +0.30
15YR FNMA 3.0 103.25 +0.19
15YR FNMA 2.5 100.39 +0.23
Treasuries hdr_arrow.png
Yield Change
Current MBS / Treasury Prices »
MBS and Treasury data provided by Thomson Reuters.
Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.
Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information
TR_Eikon_Email.png
2 YR 0.3317% -0.0158
5 YR 1.4918% -0.0214
10 YR 2.6476% -0.0473
30 YR 3.6011% -0.0322
Prices as of: 1/31/2014 4:31PM EST

23623981

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.
© 2014 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031
View this Report in your Web Browser | Forward to a Friend | Subscribe
You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Daily Rate Update: Mortgage Rates End Month Triumphantly Lower

View this Report in your Web Browser | Forward to a Friend | Subscribe
dailyrateheader.png
30 Year Fixed
4.34% -0.07
15 Year Fixed
3.37% -0.07
10YR Treasury
2.65% -0.0473
FNMA 30YR 3.5
101.56 +0.31
FNMA 15YR 2.5
103.25 +0.19
View Today’s Rates
Mortgage Rates End Month Triumphantly Lower
January 31, 2014
Mortgage rates moved forcefully lower today, bringing them well past previous 2014 lows and back in line with levels not seen since November 19th. Overnight weakness in equities and foreign markets continues to promote strength in US bond markets, including the mortgage-backed-securities (MBS) that most directly influence mortgage rates. This further solidifies 4.375% as the most prevalently quoted conforming 30yr fixed rate for ideal borrowers (best-execution). For some lenders, that rate remains 4.5%, but for the most aggressive lenders 4.25% is a close contender for utterly flawless scenarios. When adjusted for day to day changes in closing costs, rates fell an equivalent of 0.07% today.

Once the sharp move higher in mortgage rates during 2013 topped out in the first week of September, bond markets have been cycling between those highs and corrective lows roughly half a point away. If you look at that phenomenon in terms of 10yr US Treasuries, that’s been taking place between 3.0% and 2.5% in general. The analogous range for mortgage rates has been roughly 4.75% to 4.25%.

The first day of 2014 marked the high point in one of these cycles and we’ve been in the corrective pattern ever since. The question remains: will this instance of correction prove to be just as pronounced as the one ending in late October? Thankfully, if you don’t want to try to predict the future, we’ve already covered so much ground that it wouldn’t be a bad idea to take the improvements that are on the table and lock in your rate.

Loan Originator Perspectives

“Today’s rate sheets are the best I have seen in months as lenders finally passed along some of the recent improvements. Lots of important data next week including non farm payrolls on Friday. I strongly advise anyone closing within the next 30 days to go ahead and lock in today.” –Victor Burek, Open Mortgage

“Lock ’em up! When it comes to rates, there is always a chance that rates can go up or go down and right now is no different. However, I think after what has been some consistent improvement, right now the odds are greater we see them INCREASE vs decrease. I strongly suggest taking your gains.” –Brent Borcherding, Capital M Lending

” I’m advising to lock in advance of the jobs report next week. This despite a chance that rates keep dropping due to another bad report. There’s also a chance the report is good and rates still drop. In either case if rates drop after locking then renegotiate down.” –Michael Owens, VP of Mortgage Lending at Guaranteed Rate, Inc. NMLS # 107434

Today’s Best-Execution Rates

  • 30YR FIXED – 4.375%
  • FHA/VA – 4.25%
  • 15 YEAR FIXED – 3.375%
  • 5 YEAR ARMS – 3.0-3.50% depending on the lender

Ongoing Lock/Float Considerations

  • The prospect of the Fed reducing its asset purchases weighed heavy on interest rates for the 2nd half of 2013, causing volatility and generally pervasive upward movement.
  • Tapering ultimately happened on December 18th, 2013. Markets had done so much to come to terms with it ahead of time that it essentially just confirmed the the 6 month move higher in rates, but didn’t make for another immediate spike higher.
  • Rates moved gradually higher into the end of 2013 and began to move gradually lower into the beginning of 2014, helped along by a weak employment report on January 10th. This report raised doubts as to whether or not the Fed would continue tapering asset purchases at the same pace, but it was ultimately a flare up in emerging markets and weakness in stocks that fueled bond-market positivity and allowed rates to hit 2014 lows on the same afternoon the Fed reduced asset purchases by another $10bln.
  • With that in mind, further interest rate resilience in the face of tapering only looks limited by ability of emerging markets and equities to continue being weak.
  • (As always, please keep in mind that our Best-Execution rate always pertains to a completely ideal scenario. There are many reasons a quoted rate may differ from our average rates, and in those cases, assuming you’re following along on a day to day basis, simply use the Best-Ex levels we quote as a baseline to track potential movement in your quoted rate).

30 Year Fixed Rate Mortgage
31?w=360
15 Year Fixed Rate Mortgage
31?w=360&p=15YRFRM

Co-branding this Report
Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads.

Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 4.34% -0.07
15 Yr FRM 3.37% -0.07
FHA 30 Year Fixed 4.00% +0.00
Jumbo 30 Year Fixed 4.25% -0.06
5/1 Yr ARM 3.21% -0.04

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.61% 1.06 -0.10
30 Yr. Fixed 4.48% 1.36 -0.10
MBA ** hdr_arrow.png
30 Yr. Fixed 4.52% 0.40 -0.05
15 Yr. Fixed 3.59% 0.26 -0.09
30 Yr. Jumbo 4.47% 0.27 -0.10
30 Yr. FHA 4.18% 0.33 -0.06
5/1 ARM 3.25% 0.33 +0.02
Freddie Mac ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
30 Yr. Fixed 4.32% 0.70 -0.07
15 Yr. Fixed 3.40% 0.60 -0.04
1 Yr. ARM 2.55% 0.40 +0.01
5/1 Yr. ARM 3.12% 0.50 -0.03

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 97.36 +0.39
30YR FNMA 3.5 101.56 +0.31
30YR GNMA 3.0 99.13 +0.41
30YR GNMA 3.5 102.94 +0.30
15YR FNMA 3.0 103.25 +0.19
15YR FNMA 2.5 100.39 +0.23
Treasuries hdr_arrow.png
Yield Change
Current MBS / Treasury Prices »
MBS and Treasury data provided by Thomson Reuters.
Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.
Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information
2 YR 0.3317% -0.0158
5 YR 1.4918% -0.0214
10 YR 2.6476% -0.0473
30 YR 3.6011% -0.0322
Prices as of: 1/31/2014 4:31PM EST

TR_Eikon_Email.png

About This Report
Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.
© 2014 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031
View this Report in your Web Browser | Forward to a Friend | Subscribe
This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates presented in this report are averages and are subject to change without notice.
You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

MBS Commentary – MBS RECAP: Steady at Higher Prices to end Best Month in 2 Years

MBS RECAP: Steady at Higher Prices to end Best Month in 2 Years

Posted to: MBS Commentary
Friday, January 31, 2014 4:17 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

Although we have just under an hour of trading left in the day, if MBS were to end right at current levels, January would be the strongest month of gains in over 2 years, beating out September 2013 by just half a tick. Prices started the day in stronger territory today–a factor of overnight positivity in both Asia and Europe–and haven’t moved outside an eighth of a point range.

The morning data was uneventful, coming in close to consensus on all accounts or otherwise having embedded counterpoints. In other words, where the headline Chicago PMI was stronger than expected,…

(READ THE FULL POST)

More from MND:

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/342253.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

MND NewsWire – BofA One Step Closer to Swallowing $8.5 bln Countrywide Pill

BofA One Step Closer to Swallowing $8.5 bln Countrywide Pill

Posted to: MND NewsWire
Friday, January 31, 2014 2:35 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

Bank of America (BoA) came a step closer today to ending litigation that has plagued it since it bought Countrywide Mortgage in 2008. A New York State judge approved most of an $8.5 billion settlement agreement between the bank and nearly two dozen mortgage securities investors which had itself been the subject of litigation since it was first reached over two years ago.

The original suit involved claims that over 500 securities backed by mortgages originated by Countrywide before it was acquired by BoA were not of the quality promised in their prospectuses. Investors in the securities included Blackrock, Inc., Pacific Investment Management Company (PIMCO) and American International Group (AIG).

(READ THE FULL POST)

More from MND:

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/01312014_bank_of_american_settlement.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

MND NewsWire – Housing Might Not be Looking so bad After All

Housing Might Not be Looking so bad After All

Posted to: MND NewsWire
Friday, January 31, 2014 12:38 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

“The familiar saying that housing brings the economy out of recessions did not hold true this time around,” according to David Crowe, Chief Economist for the National Association of Homebuilders (NAHB). Crowe, writing in the current edition of RealtyTrac’s Foreclosure News Report said that home building this time around did not take the well-worn path we have come to expect in an economic recovery. Construction has moved up from the bottom, but that movement has not been “stellar.” Housing starts in 2013 were well under 1 million, an improvement from 2012 but the rate of increase has slowed to under 20 percent so expectations for 2014, Crowe says, are hesitant and somewhat pessimistic.

The slower than normal recovery of the housing industry in his view occurred because the Great Recession had characteristics more like the Great Depression than those typical of other post-war recessions. It was longer and deeper and in terms of housing was particularly severe. Housing values slipped as much as a third nationally and much more in some areas, mortgage delinquencies were widespread as were foreclosures and while emergency programs and laws stemmed some of the worst, the damage has taken years to repair.

(READ THE FULL POST)

More from MND:

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/01312014_housing_economics.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

MBS Commentary – MBS MID-DAY: Much Stronger Overnight; Mostly Holding Ground After Data

MBS MID-DAY: Much Stronger Overnight; Mostly Holding Ground After Data

Posted to: MBS Commentary
Friday, January 31, 2014 11:52 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

The overnight session saw the lion’s share of today’s movement, resulting in MBS/Treasuries opening at their best levels of the year yet again. Tradeflow momentum helped during Asian hours as Japanese money managers continued selling domestic and foreign equities. Economic data added to the bond-market positivity in Europe as Inflation was tame, and Retail Sales were weak in Germany.

US economic data hasn’t been too interesting or had too much of an impact in either direction–coming in fairly close to consensus on all accounts. Stocks are moving higher, but bond…

(READ THE FULL POST)

More from MND:

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/342194.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.