MBS Update: First Move is Stronger As Fed Cuts 50bps

Dan Clifton

NMLS #284174 Managing Member, Mortgage Loan Originator and Mortgage Guru

Clifton Mortgage Services, LLC

P: (888) 681-0777 x1001

M: (407) 252-3039

E: dan@cliftonmortgageservices.com

CliftonMortgageServices.com

1177 Louisiana Ave
Suite 213
Winter Park FL 32789

License:

NMLS #852745

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MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

First Move is Stronger As Fed Cuts 50bps

Wed, Sep 18 2024, 2:07 PM

Rate Cut: 50bps
Dots show 2 more cuts in 2024
2025 dots show 3.375 vs 4.125 previously

Despite the big change, the bond market is not going completely crazy. Trading levels are moderately stronger, but most of the improvement is in the short end of the yield curve (i.e. 2yr yields).

10s are actually unchanged at 3.656 and MBS unchanged after being down about 6 ticks (.19).

More MBS and Treasury Markets

MBS Recap:

More Resilient Today, But It's Still All About Data - Today, 9:14 PM

MBS Morning:

Stronger Data Saps Overnight Gains - Today, 3:41 PM

MBS Alert:

MBS Down to New Lows - Today, 2:32 PM

MBS Alert:

Losing Overnight Gains After Stronger Claims Data - Today, 12:35 PM

MBS Recap:

Is it Time to Worry About Bond Market Losses? - Wed, 8:49 PM

Dan Clifton

NMLS #284174 Managing Member, Mortgage Loan Originator and Mortgage Guru

Clifton Mortgage Services, LLC

P: (888) 681-0777 x1001

M: (407) 252-3039

E: dan@cliftonmortgageservices.com

CliftonMortgageServices.com

1177 Louisiana Ave
Suite 213
Winter Park FL 32789

License:

NMLS #852745

Ask Me a Question

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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.