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.
Bonds technically lost a small amount of ground today, but it's just as fair to say that they're holding steady on the week. In fact, closing yields today were right in line with last Thursday's closing levels. This might not have been the case if not for today's Fed speakers--several of whom reiterated dovish messages about being able to cut sooner rather than later. Other comments reiterated the notion that tariff-driven inflation should start to show up in next week's data (further increasing the stakes for CPI). The Treasury auction wasn't especially strong, but we occasionally see bonds improve simply because the auction cycle is over for any given week. While this isn't a big move, one could argue that it also helped the afternoon mini-rally.
MBS are down an eighth and 10yr yields are up 1bp at 4.345.
01:03 PM
Pretty boring 30yr bond auction. Sideways at weaker levels with MBS down 6 ticks (.19) and 10yr up 2.9bps at 4.365
02:30 PM
Decent little bounce after Waller comments. MBS down just over an eighth and 10yr up less than 1bp at 4.344
05:05 PM
Modestly weaker at the close, but broadly sideways on the week. MBS down 5 ticks (.16) and 10yr up 1.1bps at 4.347
Lock / Float Considerations
Tuesday's half-hearted weakness proved to be a clue about bond buyers waiting to jump back in the market after the past week of weakness. Anything that was remotely foreseeable has now run its course as we wait to see how narrow the likely-sideways range will be between now and next week's CPI data. i.e. risk and reward are more balanced now and the risk tolerant crowd can use Tuesday's weakest levels as a stop-loss in the short term.
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.
