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MBS RECAP: 2 Different Approaches Depending on Adverse Market Fee

Posted To: MBS Commentary

Lock Decisions Still Hinge on Adverse Market Fee Without any significant volatility in the bond market, mortgage rate strategy is still all about the return of the adverse market fee. In cases where it's already back, the outlook is more neutral, but still cautious ahead of next week's Fed announcement. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Consumer Price Index (CPI) 0.4 vs 0.3 f'cast Core Annual CPI 1.7 vs 1.6 f'cast Market Movement Recap 08:46 AM Bonds were flat to slightly weaker overnight but have rallied back to positive territory after this morning's CPI data. Looks like a few traders were on guard for higher inflation. Both MBS and Treasuries are just barely on the friendly side of 'unchanged.' Stock futures are…(read more)

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