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.
Another Hawkish Powell Press Conference Harshes Bonds' Mellow
Wed, Oct 29 2025, 3:12 PM
MBS Recap
Another Hawkish Powell Press Conference Harshes Bonds' Mellow
MBS Recap Matthew Graham | 3:11 PM
Another Hawkish Powell Press Conference Harshes Bonds' Mellow
The Fed cut rates and ended QT. Neither were surprises for markets and neither had an impact. The press conference was hawkish, however, with Powell saying a December cut was far from a foregone conclusion. This is very much counter to the market's expectation that a December cut was a lock. Fed Funds Futures tanked and yields surged about 8bps in the 10yr. MBS lost about 3/8ths and negative reprices continue to roll in.
modestly weaker overnight and holding steady so far. MBS down 1 tick (.03) and 10yr up 1.6bps at 3.992
01:28 PM
10yr yields are up 2.9bps at 4.005 and MBS down 3 ticks (.09)
01:41 PM
MBS now down 5 ticks (.16) and 10yr up 3.5bps at 4.012
Lock / Float Considerations
The negative reaction to the Fed press conference runs some risk of follow-through on Thursday. Risk averse clients are already locked. Risk-tolerant clients may be seeing their sign to lock in today's developments. We won't be comfortable saying that risk/reward is back to a balanced level until we see that this afternoon's negative momentum fails to follow through in the 2nd half of the week.
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.
