Follow prices resting on the 200-day Moving Average. If MBS prices fall beneath this floor, it would be bad for loan pricing. Learn what is happening right now by watching the video below and then educate your clients, prospects and partners.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 24 seconds
Bodnar of MMG: Why Bond Pricing Worsened
Bill Bodnar of The Mortgage Market Guide explains that rates ticked up a bit and MBS saw price declines despite Fed bond buying. On Wednesday, the Fed purchased $9 Billion in bonds and pricing worsened... why? $20 Billion was offered for sale.
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