Five Minute Maturity – 09/23/2022

Good morning and happy Friday! Once again, we don’t have any housing data today. In MBS, we’re moving to the FNMA 5.00% this morning as our new current coupon. Even though 5.00%’s have only about half the production of 4.50%, we’ve sold off to...

Five Minute Maturity – 09/21/2022

Good morning and happy Fed hump day! We finished our scheduled housing data with Mortgage Applications for the week ending Sep. 16 and Existing Home Sales for Aug. They were coming off -1.2% and -5.9%, respectively, on their previous releases. The street was calling...

Five Minute Maturity – 09/19/2022

Good morning and happy Monday! This week we’re back into housing data. We’ll start today by hearing from the home builders, as the NAHB released their Housing Market Index for Sep. Aug. put in a 49; the surveys were expecting a 47 this morning. They came...

Five Minute Maturity – 09/16/2022

Good morning and happy Friday. Welcome to the weekend! Once again, we don’t have any housing data being released today. We do have some news, however. Freddie is out with their rate report on 30yr conforming, and it exceeded 6.00% for the first time this cycle...

Five Minute Maturity – 09/14/2022

Good morning and happy hump day! We did have housing data today, as Mortgage Applications for the week ending Sept. 9 was released at 6:00 central time. It was coming off a negative 0.8% for the prior week and had been down 8 of the past 10 weeks. Make that 9 of the...

Five Minute Maturity – 09/12/2022

Good morning, happy Monday! We have another quiet data week for housing. Mortgage Applications on Wednesday is it. A couple of pertinent stories may interest you, with the first dealing with the cooling of the housing market. We have become a buyer’s market after...

Five Minute Maturity – 09/09/2022

Good morning and happy Friday. Welcome to the weekend! Once again, we have no scheduled housing data releases. The news is still talking about rising rates and falling home prices. Freddie Mac reports that 30yr conventional lending rates have increased from 5.66% to...

Five Minute Maturity – 09/07/2022

Good morning and happy hump day! Today is our one housing release for the week, Mortgage Applications for the week ending Sept. 2. The prior week came in at -3.7%. Today followed that trend with a -0.8%, making negative numbers for 8 of the last 10 weeks. Today, bonds...

Five Minute Maturity – 08/31/2022

Good morning and happy hump day! Today we had one piece of scheduled housing data, Mortgage Applications for the week ending August 26. It was coming off a -1.2% release in the prior week and negative numbers in 6 of the last 8 weeks. That trend continues with a -3.7%...