Posted To: MBS Commentary

Tame Treasury Auctions. What’s Up With New NOO/2nd Fees? The week’s biggest potential market movers (the 10 and 30yr Treasury auctions) turned out to have almost no impact on the bond market. In fact, things have been fairly flat since Tuesday. Instead, the biggest development came in the form of updated delivery requirements on investment properties and 2nd homes. Pricing will be affected at many lenders–in some cases substantially. Today’s video discusses those changes in greater detail (after taking a few quick minutes to recap market movement and the lock/float outlook). Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Jobless Claims 712k vs 725k f’cast, 754k prev Market Movement Recap 09:21 AM Treasuries put in a strong showing during the overnight session, especially…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Published On: March 11, 2021 / Categories: Mortgage News /