MBS Alert: Weaker After ADP Employment Data

Victor Emmel

Mortgage Advisor

Goodway Mortgage

P: (801) 285-0222

M: (801) 819-5901

E: victor@goodwaymortgage.com

www.goodwaymortgage.com

Get Pre-Approved

Home Value Check

Mortgage Consultation

10808 S River Front Pkwy
Ste 3137
South Jordan UT 84095

License:

NMLS 133605

CO NMLS 2235920

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MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Weaker After ADP Employment Data

Wed, Oct 2 2024, 8:26 AM

ADP Employment
- 143k vs 120k f'cast, 103k prev

Bonds were already slightly weaker in the overnight session and have extended losses in the wake of the ADP data. This highlights just how big the focus on employment data is at the moment. 10yr yields are up 5.4bps at 3.787 and MBS are down an eighth.

More MBS and Treasury Markets

MBS Morning:

NFP Bond Rout Starting to Level Off, Hopefully - Today, 3:13 PM

MBS Recap:

Bonds Undergoing a Bit of a Reset - Mon, 8:08 PM

MBS Morning:

More Pain. Fewer Surprises - Mon, 2:27 PM

MBS Recap:

Who Lied About Jobs Numbers? - Fri, October 4, 8:45 PM

MBS Alert:

Negative Reprices Are Possible For Some Lenders - Fri, October 4, 7:09 PM

Victor Emmel

Mortgage Advisor

Goodway Mortgage

P: (801) 285-0222

M: (801) 819-5901

E: victor@goodwaymortgage.com

www.goodwaymortgage.com

Get Pre-Approved

Home Value Check

Mortgage Consultation

10808 S River Front Pkwy
Ste 3137
South Jordan UT 84095

License:

NMLS 133605

CO NMLS 2235920

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.