This is a DEMO marketing message. You can use them for promotional text. Mortgage rates are moving back down so feel free to give me a call or visit my website and I'll give you a quote.
Bonds began losing ground at the start of the 9:30am NYSE open and losses accelerated just now after several tariff-related headlines.
CHINA GOVT REPEATS TARIFF CUT REACHED IN TRADE TALKS WITH US
CHINA FINANCE MINISTRY: TO REDUCE THE 34% TARIFF RATES ON US GOODS TO 10%
CHINA FINANCE MINISTRY: TO PAUSE THE 24% TARIFF RATE ON US GOODS FOR 90 DAYS
MBS are now down 6 ticks (.19) from AM highs. Lenders who published rates near that time (prior to 9:40am, roughly) could technically justify a negative reprice, but we would only expect the jumpiest lenders to consider that at this stage.
MBS up about an eighth and 10yr down 2.4bps at 4.446
09:58 AM
Losing ground in the NYSE session. 10yr up 0.4bps at 4.474. MBS back to unchanged.
A message from Matthew M. Loan:
This is a DEMO marketing message. You can use them for promotional text. Mortgage rates are moving back down so feel free to give me a call or visit my website and I'll give you a quote.
Bonds began losing ground at the start of the 9:30am NYSE open and losses accelerated just now after several tariff-related headlines.
CHINA GOVT REPEATS TARIFF CUT REACHED IN TRADE TALKS WITH US
CHINA FINANCE MINISTRY: TO REDUCE THE 34% TARIFF RATES ON US GOODS TO 10%
CHINA FINANCE MINISTRY: TO PAUSE THE 24% TARIFF RATE ON US GOODS FOR 90 DAYS
MBS are now down 6 ticks (.19) from AM highs. Lenders who published rates near that time (prior to 9:40am, roughly) could technically justify a negative reprice, but we would only expect the jumpiest lenders to consider that at this stage.
10yr yields are up 1bp on the day at 4.478