Posted To: MBS Commentary

An Epic Tale of Mortgage Rates vs MBS vs Treasuries Risks are beginning to mount for the rate outlook–at least in the sense of mortgage rates being relatively impervious to broader bond market weakness. In other words, if Treasury yields fall, mortgage rates can easily continue lower. But if yields continue to rise, mortgage rates will be finding it harder and harder to resist the urge to follow. Today's video breaks it down in gory detail, including the weekly newsletter's coverage of the same topic. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Core Annual PPI Inflation 1.4 va 1.5 f'cast, 1.1 prev Consumer Sentiment 81.4 vs 76.5 f'cast, 76.9 prev Market Movement Recap 09:07 AM European bonds were sharply stronger overnight following Brexit…(read more)

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Source: Mortgage News Daily