News & Analysis
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Demo based on market events from: Monday November 19, 2012
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MBS are down -3/32 (FNMA 30-yr 3.0 at 104.31), around 4/32 above morning levels, and near the high for the day. Despite a stock market rally, MBS recovered some of their early losses during today's session. The Dow is up 200 points. Tomorrow, Housing Starts will be released at 8:30 et.
October Existing Home Sales increased 2% from September to an annual rate of 4.79M units, above the consensus of 4.70M. Inventories of unsold existing homes declined 1% to a 5.4-month supply, the lowest level since February 2006. The November NAHB Home Builders Sentiment Index jumped to the highest level since May 2006. |
| FNMA (Dec) |
| 104.30 |
-0.04 |
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| 104.20+ |
-0.03 |
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| 106.14+ |
-0.04 |
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| 104.18 |
0.01 |
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| 104.09+ |
-0.01 |
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| 105.09+ |
0.01 |
|
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| FHLMC (Dec) |
| GNMA (Dec) |
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| Favorable repricing is possible. MBS are down -2/32 (FNMA 30 yr 3.0 at 105.00), around 5/32 above morning levels. |
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MBS are down -4/32, around 3/32 above morning levels.
Please join us at 1:00 et for Blogtalkradio. Join us today for a round table discussion on some of the issues and opportunities currently affecting the mortgage market. To hear the show live, go to the lykken-on-lending website or listen at 646-716-4972. |
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MBS are down -7/32 (FNMA 30-yr 3.0 at 104.27), which is about 3/32 lower than Friday at this time. Favorable repricing took place Friday.
A stock market rally has hurt MBS this morning. Investors are more optimistic that politicians will reach a compromise to avoid the fiscal cliff at year end. The Dow is up 150 points. Existing Home Sales will be released at 10:00 et. |
| FNMA (Dec) |
| 104.27 |
-0.07 |
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| 104.17+ |
-0.06 |
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| 106.13+ |
-0.05 |
|
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| 104.13 |
-0.04 |
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| 104.04+ |
-0.06 |
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| 105.04+ |
-0.04 |
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| FHLMC (Dec) |
| GNMA (Dec) |
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| MBS are down -6/32. Existing Home Sales will be released at 10:00 et. |
