grauteam update | 2.12.2008 | 30F 5.75 7/1A 5.125%

Mortgage Backed Securities are a little off today, -28bp.  Putting pressure on the long term fixed mortgages.  There is no market moving economic news Read more

grauteam mortgage update | 2.4.2008 | 30F 5.625% 15F 5.250%

Mortgage Bonds have been inversely reacting to the Stock Market volatility.  Since the only upcoming economic reports are not High Impact Read more

mortgage update | 01.17.2008 | 30F 5.500%

The FNMA 5.5% Bond has been riding a rollercoster recently.  Today the bond is +12bp which translates into a solid 5.5% 30 fixed rate with no points.  We expect continued volotility as the market digest Ben Bernanke’s testimony.  Bernanke’s testimony confirmed that the Fed does Read more

grauteam | mortgage update 1.14.2008

Citigroup may have to write off another $24 Billion in sub-prime related losses!  This could put 20,000 jobs in jeopardy.  That kind of news causes investors to lose confidence in stocks and could actually be a good thing for bonds.  Read more