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MBS RECAP: Here's The Only Reason Mortgage Rates Have Moved Lower Recently

Posted To: MBS Commentary

Here's The Only Reason Mortgage Rates Have Moved Lower Recently "Because they were so much higher than they should have been in March and April…" Seriously, that's the reason mortgage rates have been able to move lower even as Treasury yields and MBS prices suggest moderately higher rates. We discuss this in greater detail in the video and in the Day Ahead. Econ Data / Events 11:30-11:50 AM (ET) – Fed 30yr UMBS Buying Market Movement Recap 08:20 AM Treasuries were stronger in Asia but yields moved higher during European hours. Equities markets at home and abroad generally followed the same pattern (i.e. prices were lower in Asia and higher in Europe). MBS are starting the day an eighth of a point weaker. 12:38 PM For the 2nd day in a row, the close of European markets is…(read more)

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