Good morning and happy Monday! Today is quiet for scheduled housing news, but we’ll pick up the pace starting tomorrow on through the end of the week. In other news we do have a couple of things to talk about. President Biden has signed an Executive Order for the development of a new digital currency within the next 7months that will reduce your personal financial freedom. Also, mortgage loan rates soared to 4.95% Friday per Freddie Mac. We’re also going to bring FNMA 30yr 3.50% into our current coupon studies this morning, as they closed below par decisively Friday.
Bonds today are up, with 10yr T-Notes +5/32 to yield 2.45%. In MBS FNMA 30yr 3.50 are unchanged at $99-05, which is a 3.63% yield and +109 basis points to the 6.6yr treasury curve. Have a great day and call or email with your MBS and whole loan inquiries.
Cherry Picks
10 Year Fixed
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Agency CMBS
Agency CMO – 3 Year
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Agency CMO – Long End
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.
This information from Hanover Securities is for your private use and does not constitute an offer or solicitation with respect to the sale of any security. This information was obtained from sources we believe to be reliable but we do not represent that it is accurate or complete, and it should not be relied on 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 securities identical or related to those identified herein.
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.
The pricing of loans or any Level II or III asset is inherently an exercise in quantifying uncertain variables. As such, great care should be taken when pricing loans for reporting purposes. The information included herein should never be taken as the sole method, or even a method to be relied on, for the pricing of loans or other Level II or III assets as this is for informational purposes only.
