MBS Update: First Move is Stronger After CPI

Ryan and Jaime Ingram

Husband and Wife Mortgage Team

Interstate Mortgage Service

P: (480) 553-5555

M: (480) 329-0707

www.InterstateMortgage.net

25062 S. 190th Street
Queen Creek AZ 85142

License:

NMLS ID: 89235

Company ID: 37053

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

First Move is Stronger After CPI

Wed, May 15 2024, 8:36 AM

Core Month Over Month CPI
- 0.3 vs 0.3 f'cast, 0.4 prev
Core Annual CPI
- 3.6 vs 3.6 f'cast, 3.8 prev
Retail Sales
- 0.0 vs 0.4 f'cast, 0.6 prev

Unfortunately for those that were hoping for huge fireworks today, the as-expected core CPI headlines should result in the smallest possible movement. Fortunately, that movement is in a friendly direction, helped along by the weaker Retail Sales print.

10yr yields are down 7bps at 4.369 and MBS are up just over an eighth of a point.

More MBS and Treasury Markets

MBS Recap:

Will Jobs Report Finally Get Bond Market's Attention? - Today, 8:52 PM

MBS Morning:

Once Again, Bonds Hangin' Tough Without Much Focus on Data - Today, 4:16 PM

MBS Alert:

MBS Down Nearly a Quarter Point From Highs - Today, 2:01 PM

MBS Update:

Mixed Reaction to Slightly Stronger Data - Today, 12:38 PM

MBS Recap:

Decent Showing in Light of Stronger Data - Wed, 8:35 PM

Ryan and Jaime Ingram

Husband and Wife Mortgage Team

Interstate Mortgage Service

P: (480) 553-5555

M: (480) 329-0707

www.InterstateMortgage.net

25062 S. 190th Street
Queen Creek AZ 85142

License:

NMLS ID: 89235

Company ID: 37053

Ask Me a Question

Home | Weekly Newsletter | Mortgage Calculators | Library | Econ Calendar

Mortgage Calculators | Weekly Newsletter

Reproduction or redistribution of the contents of this newsletter, outside of the distribution services provided, either in whole or in part, is prohibited without prior written permission of the MBS Live, Inc.

The interest rate data provided in this newsletter are national averages from independent data sources. Rate/APR terms may differ from those listed above based on the creditworthiness of the borrower. All information provided "as is" for informational purposes only, not intended for trading purposes or financial advice.

Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.