What Happened Last Week? Time to Hurry Up and Wait Again Friday ended up being reasonably pleasant, but mostly uneventful. Gains were in place from the overnight session on a…
The three areas that have the greatest ability to impact MBS backend pricing this week are: (1) The Talking Fed, (2) Central Bank Palooza and (3) Treasury Dump.
What Happened Last Week? Mortgage backed securities (MBS) lost 44 basis points (BPS) from last Friday's close which caused fixed mortgage rates to move higher. There were the lowest rates…