Posted To: MBS Commentary

Stronger Case For Stability, But Not Complacency With today’s solid gains, this week becomes the best argument we’ve seen for a shift in 2021’s rising rate trend. Without some fundamental shock to the economy or covid outlook, we won’t be surprised if this rally has a tough time making huge progress toward lower rates. For now, it’s best thought of as a sideways consolidation, but that’s still a big victory compared to most of the rest of the year. All that having been said, the case for higher rates remains compelling in the bigger picture, so it’s important to stay on guard for an eventual relapse of the previous trend. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Jobless Claims 744k vs 680k f’cast, 728k prev Market Movement Recap 08:15 AM Modestly stronger…(read more)

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Published On: April 8, 2021 / Categories: Mortgage News /