Good morning and happy hump day. We finally got back to scheduled housing releases this morning, as Mortgage Applications for the week ended April 2nd were released at 6.00 a.m. central time and extended the recent weather slowed trend to -5.1%. The last two prior weeks came in at -2.5% and -2.2% respectively. Later today, we’ll have the comprehensive breakdown of FNMA pre-pay speeds for March. The early read there is for 30yr speeds to rise a lower than expected 11%.
Bonds today are up in price a couple of ticks, with 10yr T-Notes +1/32 to yield 1.65%. FNMA 30yr 2.50% MBS are +7/32 to yield 1.95%, which is +78 over treasuries. Have a great day and call or email if you need help with MBS.
Cherry Picks
10 Year Fixed
15 Year Fixed
20 Year Fixed
30 Year Fixed
Agency CMBS
Agency CMO – 3 Year
Agency CMO – 5 Year
Jim Tait is a registered representative with and offers securities through Hanover Securities, Inc. (Hanover), Member FINRA & SIPC. Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Securities that may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results.
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Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Loans and/or Securities which may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results. This information from Banes Capital Group (BCG) and/or Hanover Securities is for your private use, and was obtained from sources we believe to be reliable. However, we do not represent that this information is accurate or complete, and it should not be relied on as such. This information is for institutional investors only, and as such certain transactions may give rise to substantial risk and are not suitable for all investors. This information was based on current market indicators which may vary over time. We may from time to time buy or sell, or have long or short positions in loans or securities identical or related to those identified herein.
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