Waiting For October

Waiting For October It seems like September only just arrived, but our sights are already set on October as the scene of the next major battle in the bond market. Today's trading session offered nothing of value, although it was "nice" to see a token correction in bonds after hitting multi-year highs yesterday. The coming week will be hard-pressed to reshape the narrative given the absence of big ticket data, but the following week has it in spades Econ Data / EventsS&P PMIservices 50.2 vs 50.6 f'cast manufacturing 48.9 vs 48.0 f'cast Market Movement Recap09:26 AM Moderately stronger overnight with additional buying at the 8:20am CME open. MBS up 6 ticks (.19) and 10yr down 1.8bps at 4.476. 12:24 PM Additional gains after 10am. MBS up more than a quarter point. 10yr down 5.2bps at 4.442. 02:03 PM Fairly flat. MBS up 10 ticks (.31) and 10yr down almost 7bps at 4.428

September 22, 2023 Download our Mobile App: Download our Mobile App: MBS Commentary Waiting For October Waiting For October It seems like September only just arrived, but our sights are already set on October as the scene of the next major battle in the bond market. Today's trading session offered nothing... (read more) Rob Chrisman Marketing, CRM, Fair Lending, HELOC, Non-QM Products; Webinars and Training Next Week; Why do People Move? Sometimes I send this Commentary out from some pretty nice places, sometimes not. Today comes from the tarmac at the Newark Airport, in Row 22, sitting next to some hairy guy who’s snoring and apparently went with the “Garlic Lover’s Pizza” last nigh... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.39% -0.08% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.39% -0.08 0.00 15 Yr. Fixed 6.71% -0.04 0.00 30 Yr. FHA 6.82% -0.08 0.00 30 Yr. Jumbo 7.42% +0.02 0.00 5/1 ARM 7.13% -0.02 0.00 30 Yr. VA 6.85% -0.07 0.00 Updates Daily - Last Update: 9/22 15 Yr. Fixed Rate 6.71% -0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 7.19% +0.01 0.00 15 Yr. Fixed 6.54% +0.03 0.00 Updates Weekly - Last Update: 9/21 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.31% +0.04 0.72 15 Yr. Fixed 6.62% -0.10 1.08 30 Yr. Jumbo 7.32% +0.07 0.80 Updates Weekly - Last Update: 9/20 MBS / Treasuries UMBS 30YR 6.0 99.30 +0.25 Price / Yield Change MBS UMBS 6.0 99.30 +0.25 GNMA 6.0 99.59 +0.19 Pricing as of: 9/22 5:31PM EST 10 Year US Treasury 4.4380 -0.0560 Price / Yield Change US Treasury 2 YR Treasury 5.112 -0.032 5 YR Treasury 4.567 -0.052 7 YR Treasury 4.526 -0.060 10 YR Treasury 4.438 -0.056 30 YR Treasury 4.530 -0.048 Pricing as of: 9/22 5:31PM EST Latest Video It'll be difficult to bring inflation down without a substantial slowdown, ... Home prices strong despite high rates due to low for-sale supply Compass CEO: There are more buyers than sellers, and inventory levels have ... Bond Report: Rising Treasury yields Around the Web Marketwatch Senior Fed officials say more interest-rate hikes still on the table CNBC Fed's Susan Collins expresses support for holding interest rates high Calculated Risk Blog Black Knight: Mortgage Delinquency Rate Decreased Slightly in August CFPB CFPB Kicks Off Rulemaking to Remove Medical Bills from Credit Reports Black Knight Modernized servicer communication guidelines offer benefits to mortgage borrowers and servicers alike Calculated Risk Blog Q3 GDP Tracking: Around 3% Calculated Risk Blog Realtor.com Reports Weekly Active Inventory Down 4.4% YoY; New Listings Down 6.0% YoY CNBC UAW strikes could make 2023 the biggest year for labor activity in nearly four decades CNBC Could the United Auto Workers strike affect car prices? 'Inevitably yes,' expert says Eye on Housing Market Share for Modular and Other Non-Site Built Housing in 2022 Calculated Risk Blog September Vehicle Sales Forecast: 15.4 million SAAR, Up Sharply YoY CNBC Treasury yields little changed as investors assess economic outlook CNBC European markets set for lower open on prospect of higher for longer rates

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