MBS RECAP: Best Levels in More Than a Week Ahead of CPI

MBS prices are close to September highs hit after the Fed’s latest rate stimulus plan, so rates won’t drop next week unless there was a huge surprise from Europe or the Fed-unlikely. Besides jobless claims, next week may not show much improving U.S. data, so rates should be even to up .125% as MBS drop a bit and stocks rise a bit.

Add to that a general absence of volume (one of the lightest days in more than a month) and we have an ample case for an inconsequential trading day that may as well have been an extension of the.

Posted To: MBS commentary. bond markets ultimately rallied modestly following today’s much-anticipated CPI data. This is a departure from recent norms as the last 3 reports have generated some of the biggest reactions in each of the past 3 months. Still, the result is understandable given the lack of change in annual core inflation.

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The Fed looked vindicated. Since then, more than a few pieces of data have argued the other point. Most recently it was the Jobless Claims report this morning, showing the best levels since 1969, more than fully reversing the labor market missteps seen in the late 2018 data (yes, even before the government.

Mortgage backed securities (MBS) moved sideways last week but we certainly did see some big swings in mortgage rates during the middle of the week. The very strong ADP Private Payroll data pushed mortgage rates upward on Wednesday but rates moved backed down after Friday’s Unemployment report.

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FX Week Ahead: Q3’18 Japanese GDP, October UK & US CPI, Aussie Jobs by Christopher Vecchio, CFA , Sr. Currency Strategist News events, market reactions, and macro trends.

MBS RECAP: Quietest Day in Weeks Ahead of Jobs Report – MBS RECAP: Quietest Day in Weeks Ahead of Jobs report april 04, 2019 RSS FEED No comments Bonds were very modestly stronger today, although the more important takeaway is that they effectively held in line with the highest yields of the past 2 weeks (not to mention the highest yields since before the March 20th Fed Announcement).

MBS RECAP: Token Correction Ahead of More Important Data – In the absence of data and despite a bounce in stocks (not that we should expect stocks and bonds to be moving in the same direction at the moment), bonds continued drifting toward their best levels ..

MBS Day Ahead: China Tariff News May Not Be Enough For Bonds China tariffs are unnerving financial markets – apparent from another day of volatility.Now, the matter is starting to become even more real as it’s a topic of discussion with companies’ management.Why Rising Mortgage Rates May Trap You: CEO What's behind the rise in credit card delinquencies. – "The rate at which credit card balances become delinquent has been rising, and that has coincided with an increase in younger borrowers entering the credit card market," Andrew Haughwout, senior vice president at the New York Fed and one of the authors of the blog post, said in a press release.