Yes to the loan that unlocks the joy of home ownership.
Yes to the lending solution that meets every client’s unique needs and wants.
That’s why we dedicate our every resource to serve as your personal guide through the lending process, solving problems, building confidence. Aslan has access to every lending option leading to the purchase or refinance of a residential home loan.
This is more than work for us. It is our unique joy in this life to share our collective skill, creativity, and care to bring you and your family right to where you belong.
Much of the past week has been spent monitoring the "post-Fed correction"--a nominal pull back in the impressive rate rally of the past several months following last week's Fed announcement. If you prefer "buy the rumor, sell the news" on the Fed rate cut, it's the same thing. By the end of this week, the correction finally looked to have leveled off, even if it got a bit of help from cooperative econ data. The timing is frustrating for those looking to predict the future as next week brings us even more squarely into a data-driven episode for bonds/rates. The not-so-frustrating thing is that the correction was never very large (downright small, even).
slightly stronger after PCE. 10yr yields are down 2.9bps at 3.769 and MBS are up an eighth of a point.
11:03 AM
Giving up early gains. MBS up only 2 ticks (.06) and 10yr down 2.3bps at 3.773
12:45 PM
Best levels of the day now with MBS up 7 ticks (.22) and 10yr down 5.3bps at 3.743
05:18 PM
Heading out at the day's best levels or close to it. MBS up 6 ticks (.19). 10yr down 4.6bps at 3.75
Lock / Float Considerations
The post-Fed correction is now arguably winding down just in time for the coming week of data to set the tone. Risk averse clients are waiting for better evidence of new rally momentum. Risk tolerant clients are rolling the dice on weak econ data. Results could push rates in either direction, but the biggest movement is reserved for the jobs report next Friday.
Yes to the loan that unlocks the joy of home ownership.
Yes to the lending solution that meets every client’s unique needs and wants.
That’s why we dedicate our every resource to serve as your personal guide through the lending process, solving problems, building confidence. Aslan has access to every lending option leading to the purchase or refinance of a residential home loan.
This is more than work for us. It is our unique joy in this life to share our collective skill, creativity, and care to bring you and your family right to where you belong.