December 8th, 2014 9:48 PM by Dale DiGennaro
Today ended very well for mortgage rates! Mortgage Backed Securities (MBS) are up +11/32 (FNMA 30-yr 3.5 at 104.02), around 11/32 above the morning levels. So ended on a high note for the day when favorable repricing took place this afternoon. A decline in the stock market lifted MBS. However, no economic data was released today.
On another note...Oil prices declined to the lowest level in 5 years. The Dow is down 100 points. Stay tuned as tomorrow, the JOLTS report will be released at 10:00 eastern time and the results from the 2-yr Treasury auction will come out around 1:00 et.