What happened yesterday?
The benchmark
FNMA 3.5% August coupon lost -11BPS from Friday's close.We had a fairly quiet day...perhaps the "calm before the storm" this week. Pending Home Sales were better than expected (-0.4% vs -1.0%) and this is during the period where mortgage rates where near their highest of 2013. But MBS were not materially impacted by this report. From a technical perspective, MBS traded in a very tight range that was only 24BPS wide from our highs to our lows. Once again appetite for MBS decreased at the top of our trading channel which is our ceiling of resistance. |
Global Home Finance Inc is saving Texas One Home Owner At a Time. We offer Conventional, FHA, VA, Jumbo, and USDA Rural Development products to help refinance or purchase a home. Visit us online: http://globalhomefinance.com
Tuesday, July 30, 2013
What Happened Yesterday...
http://globalhomefinance.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment