Ginnie Mae TBAs Caught a Bid as Bonds Rallied Last Week
The ten-year bond yield, which you can trade through the iShares 20+ Year Treasury Bond ETF (TLT), fell by 9 basis points last week.
Fannie Mae TBAs started the week at 103 3/32 and picked up 5 ticks to go out at 103 8/32. The ten-year bond yield fell by 9 basis points.
Last week, mortgage rates fell along with the bond market. While the ten-year bond yield fell from 2.35% to 2.26%, mortgage rates fell from 4.17% to 4.01%.
After closing out the prior week at 2.35%, bond yields, as tracked by the iShares 20+ Year Treasury Bond ETF (TLT), rose early last week on Greek optimism.
Pulte (PHM) reported good numbers last week. It looks like the housing sector is making another leap again back towards a normal level.
Since home prices bottomed out, we have had a couple of years of low double-digit returns in prices.
Consider alternative investments like real estate. Real estate (IYR) may be worth considering at the moment.
Fannie Mae and the to-be-announced market When the Federal Reserve talks about buying MBS (mortgage-backed securities), it’s referring to the TBA (to-be-announced) market. The TBA market allows loan originators to take individual…
Like the Fannie Mae TBAs, the Ginnie Mae TBAs caught a bid and picked up 19 ticks to 103 27/32 last week, underperforming Fannie Mae TBAs.
Last week, mortgage rates fell along with the bond market. While the ten-year bond yield fell from 2.4% to 2.35%, mortgage rates fell from 4.19% to 4.17%.
After closing out the prior week at 2.40%, bond yields, as tracked by the iShares 20+ Year Treasury Bond ETF (TLT), rose early last week on Greek optimism.
There are two basic types of state foreclosure laws: judicial and nonjudicial. In nonjudicial states, foreclosures are handled through a streamlined process…
In this series, we’ll delve deep into the performance metrics of the REITs in the XLF ETF.
Like the Fannie Mae TBAs, the Ginnie Mae TBAs were more or less “unch’d” (unchanged) for the week.
Fannie Mae TBAs started the week at 102 26/32 and gave up 2 ticks to go out at 102 3/4 even. The ten-year bond yield rose by 2 basis points.
Last week, mortgage rates fell even though the bond market fell. This was because rates rose a few basis points too high…
The basis for numerous long-term interest rates Ten-year bond yields influence everything from mortgage rates to corporate debt. They’re now the benchmark for long-term US interest rates. Some of you might remember…
The meltdown in Chinese stocks was probably more significant. However, the situation in Greece dominated the headlines.
Now that interest rates are falling again, do REITs need to fear another refi wave? Refinances have continued, but they’ve been driven mainly by home price appreciation and not interest rates.
At the June 2015 meeting, the Fed decided to continue to reinvest maturing proceeds back into the Treasury and MBS market. This does open the Fed up to capital losses if rates reverse.
But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.