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.
Money flooded back into both sides of the market in a major way (albeit more "major" for the stock market) after Bessent said we could be days away from a new deal on Hormuz transit. Oil plunged to the lowest levels since July 13th and bond yields were willing to follow (also nearly back to 7/13 levels). MBS picked up more than quarter point and multiple lenders repriced for the better as the gains came in waves throughout the morning trading hours. Familiar risks remain. We've seen plenty of back and forth on the state of the war, but we can say the market seemed more willing than normal to buy into this latest pivot. Beyond that, econ data is a factor this week for bonds with ISM Services on Wednesday and the jobs report on Friday. Dare we say that the jobs report is likely not quite as big of a risk/opportunity as ongoing oil price volatility? We'll let you know on Friday around 8:40am ET.
Stronger start as Bessent floats notion of Hormuz deal this week. Oil and bond yields down. MBS up an eighth and 10yr down 1.5bps at 4.66 (down almost 5bps from overnight highs).
12:18 PM
MBS up 11 ticks (.31) and 10yr down 5bps at 4.624
03:10 PM
MBS still up 11 ticks (.31) and 10yr down 5.3bps at 4.621
Lock / Float Considerations
8/4/26 - We're now seeing the sort of technical bounce in bonds that one hopes to see when yields test a technical ceiling. Unfortunately for technicians, it's happening for fundamental reasons (still... technicians don't care because "price discounts everything"). Why bring it up? The coincidence of a solid technical and fundamental bounce is one of the more reassuring cues we've had in the past few weeks. Just remember it can turn on a dime if Iran-related hopes unravel or if the jobs report manages to trounce expectations.
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.
