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.
MBS are now down 14 ticks (.44) on the day and from many lenders' rate sheet print times. If you haven't seen a negative reprice yet, the odds are getting very high.
10yr yields ar...
It feels very odd to label a report like CPI as "irrelevant," and to be fair, traders were still paying some attention, but the trading response, in general, makes it clear that the current focus...
MBS are at new lows, down almost a quarter point on the day and as much as a quarter point from some lenders' rate sheet print times. 10yr yields are at the highs of the day, up 0.4bps at 4...
In case the surprisingly lackluster reaction to the CPI data at 8:30am wasn't a clear enough sign that bonds are treating this data as a relic of a bygone era, now there's this. MBS are dow...
Negative reprices could still be coming in due to previous losses, but the auction results have helped bonds find a ceiling in yields (or floor in prices) for now.
The chief measurement of a T...
It will be an extremely atypical day as far as reprice risk is concerned. Several developments make the normal correlations less ironclad. Our best advise is to line up rate sheet pri...
MBS are down the better part of a point and 10yr yields are up 14+ bps at 4.44%. Another huge loss that leaves market watchers grasping for answers.
Most of you are aware that MBS...
MBS have continued selling and are now down more than a quarter point on the day and nearly 3/8ths of a point from the mid-day highs. Lenders who have not yet repriced for the worse are inc...
While some lenders are still repricing for the better in response to AM gains, other are at risk of negative reprices if their rates came out at 11am ET or later. 5.5 coupons are down rough...
The past 2 days of selling in the bond market may seem dramatic, but they make solid sense in the bigger picture. Trump's April 2nd "Liberation Day" was a hotly anticipated flashpoint for financi...
MBS are down nearly half a point on the day now and more than a quarter point from most lenders' rate sheet print times. As such, negative reprices are more likely than not.
10yr yields ...
It's been an interesting Monday so far for the bond market (and stock market for that matter). Despite a big risk-off move (stocks and yields lower) to start the overnight session, markets grad...
The ostensible Hassett headline that just sparked heavy selling in the bond market has now been outed as a twisting of Hassett's words in response to questions about previous headlines that cited...
HASSETT: TRUMP IS CONSIDERING A 90-DAY PAUSE IN TARIFFS FOR ALL COUNTRIES EXCEPT CHINA
With so much of the recent rally built on the anticipated tariff fallout, it's no surprise to see heavy s...
This is a slight amplification of the previous alert. MBS are still up an eighth on the day, but down more than a quarter point from many lenders' rate sheet print times. Negative rep...
Despite today being "jobs report Friday," and despite the jobs report perennially having the power to cause big volatility for financial markets, overnight developments proved to be far more cons...
10yr yields are still down just under 7bps on the day, but up to their highest levels at 3.965. This follows headlines suggesting Vietnam could lower tariffs to 0%.
MBS are still u...
Nonfarm payrolls
228k vs 135k f'cast, 117k prev
last month revised down from 151k
Unemployment Rate
4.2 vs 4.1 f'cast, 4.1 prev
Participation Rate
up 0.1%
h...
While plenty of uncertainty remains over the finer points of Wednesday afternoon's tariff announcement, markets have heard enough to brace for impact on global trade. That "bracing" is being trad...
ISM Services
50.8 vs 53.0 f'cast, 53.5 prev
ISM Employment
46.2 vs 53.9 prev
ISM Prices
60.9 vs 62.6 prev
Bonds were already sharply stronger overnigh...
In case you were confused about the "reciprocal" comments earlier in Trump's speech, and thought that meant "tit for tat" in direct proportion, Trump just clarified that the math is actually "1/2...
Bonds are selling off to the day's weakest levels during Trump's Tariff announcement (perhaps markets were worried about more onerous news). 10yr yields are up 6.7bps at 4.23 and MBS are down 6 t...
MBS are now down an eighth of a point on the day and a quarter point from some lenders' rate sheet print times. As such, negative reprices are increasingly possible in some cases and increa...
This morning's ADP Employment data was the only potential market mover for bonds, at least as far as scheduled data is concerned. Despite coming out a bit higher than expected, bonds opted ...
Bonds rallied into the 9:30am NYSE open, but have been selling off modestly since then, mirroring the gains in equities.
10yr yields are back to unchanged at 4.163. MBS are also fl...
ADP Employment
155k vs 105k f'cast, 77k prev
This is fairly well within the realm of a modest to moderate beat in the ADP data, and thus not worth a big freak out on the part of...
There have certainly been days where the "prices paid" component of the ISM Manufacturing data has been responsible for sending bond yields higher. Today is not one of them, even though pri...
MBS continue losing ground at roughly the same pace noted in the previous alert. This alert is just an amplification of the negative reprice risk. Several lenders have already pulled ...
Bonds have been losing ground steadily since around 9:40am, perfectly aligning with the bounce in equities markets. After trading below 4.20, 10yr yields are back up to 4.225 (still down 1b...
Right out of the gate in the overnight session, stocks were weaker and bonds were stronger in a risk-off move that has become all too familiar for financial markets recently. Over the weekend, ...
Inflation, via this morning's PCE price index, came in slightly hotter than expected, but bonds are rallying in response. There are a few ways to approach this paradox both in the long and short ...
Core PCE M/M
0.365 vs 0.30 f'cast, 0.3 prev
Core PCE Y/Y
2.8 vs 2.7 f'cast, 2.7 prev
Annual PCE (non-core)
2.5 vs 2.5 f'cast/prev
Perhaps it was the f...
If you're just joining us, here's a brief history of the last few decades as it concerns inflation and interest rates. Inflation was an overblown concern among market participants who were scarre...
MBS just hit their lowest levels of the day--just barely--with 5.5 coupons down 5 ticks (.16) on the day and the same amount from the mid-day highs. Most lenders published rate sheets befor...
The first 3 days of this week have all generally seen yields at the highest levels in a month (or perhaps in "at least 28 days" considering Feb's day count). While that doesn't sound li...
MBS Recap
Overnight Weakness Gives Way to Modest Gains
MBS Recap Matthew Graham | ...
A message from Nickolas Inhelder:
We Make Home Happen.™
Our goal is simple:
To help every family we serve get to “Yes.”
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.
