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.
In another straightforward trading session, bonds responded logically to a trio of upbeat economic reports in the morning slot. None of the data was top tier in terms of relevance to bonds, but it was relevant enough to move the needle. Refreshingly though, 10yr yields treated 4.19% as a support level, which was the lowest possible pivot point after rising above 4.15%. This doesn't guarantee it will continue to hold, but it does suggest the bond market isn't in a rush to sell off without justification.
Sideways to slightly weaker overnight with additional selling after data. MBS down 6 ticks (.19) and 10yr up 3.7bps at 4.186
11:50 AM
Near weaker levels. MBS down 7 ticks (.22) and 10yr up 4.5bps at 4.194
01:08 PM
No reaction to 7yr auction. MBS down 5 ticks (.16) and 10yr up 2.9bps at 4.178
03:21 PM
Still mostly sideways. MBS down 5 ticks (.16) and 10yr up 2.1bps at 4.17
Lock / Float Considerations
Thursday's stronger economic data and the bond market's willingness to react (albeit in a fairly measured way) reinforces the current state of play for rates. Simply put: weak data is required in order to see a reinvigoration of the rally. The other takeaway is that volatility risks are higher on data-heavy days.
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.
