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...