MBS RECAP: It Can Always Go Either Way

Posted To: MBS CommentaryIf you’re looking for today’s recap, check out the Huddle . Or just know that we sold-off a bit more and then settled sideways, fairly close to yesterday’s highest rates. Mortgage lenders dinged rate sheets just a bit more and we’re now waiting to see the effects from tomorrow morning’s jobs data. If you’re looking for what some might call wisdom and what others might call food for thought, the rest of this might be interesting. There was one time in my life where I was sure that rates were going lower in fairly short order. That was almost exactly 10 years ago this week when the financial crisis was just about to pop. I felt super smart as 10yr yields plummeted from 3.8 to 2.04% in less than 1 month. Just over 1 month after that, I was surprised to see 10yr yields moving…(read more)Forward this article via email:¬†¬†Send a copy of this story to someone you know that may want to read it.

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Michael Ayoub, Author NMLS ID 6631