What Happened Last Week? Mortgage backed securities (MBS) gained 47 basis points (BPS) from last Friday's close which caused fixed mortgage rates to improve slightly. Rates moved sideways all week,…
What Happened Last Week? Mortgage backed securities (MBS) lost 29 basis points (BPS) from Wednesday's close which caused pricing to move sideways. MBS are effectively moving sideways and in a…
What Happened Last Week? The 3.50 FNMA Mortgage backed securities (MBS) coupon lost 161 basis points (BPS) from last Friday's close which caused fixed mortgage rates to rise to their…