This could be pre-auction hedging pressure or the makings of a poor auction. Heads Up!
Weekly Unemployment Claims hit the tape this morning down 10K [...]
English translation is that the rally could be short lived in front of 109 billion in paper and a stock market that just won’t break
Strange start to the week as stocks opened on the [...]
One in every 355 U.S. homes are in some stage of foreclosure, a new record.
Both Weekly Unemployment Claims and Retails sales missed expectations as [...]
We would like to see the bulls step up and buy this market, making the chart a little more neutral going into the payroll print. Fat chance.
Hard to tell what’s going on in the Treasury/MBS market [...]
We see the selling as shallow into the later part of the week and then a rebound/rally to deliver better mortgage pricing as we close the book on July
Both stocks and bonds opened on the weak side this [...]
With stocks in control, the balance of the week could see continued pressure (on mortgage rates) unless someone of substance “misses” on earnings
Stocks are on fire, closing up 256 points on the [...]
We’ll stick to our story that the worse in over with mortgage rates rising, pricing worsening since a week ago Wednesday so a little improvement should be in order
Weekly Unemployment Claims hit the tape plus 8K to 652K [...]
In situations like this, Goldilocks would tell you to take advantage of mortgage pricing
Retail Sales hit the tape this morning, down .1% while [...]
Our one trick pony (Federal Treasury) buying mortgage backs, attempting to keep mortgage rates low
Slip sliding away, you know the closer your destination , [...]
This market is not out of the woods by any means but the potential for a nice rally to develop is clear
Weekly Unemployment Claims hit the tape this morning, up 35K [...]