Are we making a Come Back?

December 5th, 2016


Commentary 2:05 PM Today's 3.5% MBS low was $102.28 below S1 ($102.47).  We are now trading at $102.62 above S1.   This may be a good sign for the future of rates.  As you may know I tend to look at the glass half full.



What Is Going On With Interest Rates?  #wigowir


Below is the news when it happened and the market’s reaction.  For a full view of the day start at the bottom and work your way up. If want to know what just happened start at the top. All Times are Eastern Standard Time.  When the price of Mortgage Backed Securities (MBS) goes down rates go up, and when the price goes up rates come down. Remember in the bond market Bad News is Good News and Good News is Bad news.  


10:48 AM MBS able to bounce off the early session lows.

10:23 AM The MBA reports that credit availability increased further in November.

10:03 AM The Dow sets a record high of 19,274 led by surging bank shares.

10:01 AM ISM Services 57.2 in November vs 55.6 expected and above the 54.8 in October. Bond prices edge lower after the news.

9:35 AM Stocks open higher.



9:04 AM ISM Services will be released at 10:00 a.m. ET.

9:03 AM U.S. dollar index 100.63, -0.23.

9:02 AM WTI oil $52.07/barrel, +$0.38.

8:59 AM 10-yr T Note rises to 2.43%.

8:54 AM MBS open lower after the Italian referendum suffered a defeat. Stock futures higher. has attempted to verify the information contained on this post.  However any aspect of such may change without notice. does not provide investment advice and does not represent that any of the information or related analysis is accurate or complete at any time. On October 5th we started posting our rates and leaving them on the site for you to refer back to. This will allow  you see where actual rates have been along with the news that caused the fluctuations on the rate sheet.  I ask that you forgive my spelling and grammatical mistakes. This is due writing skills that are lacking and the need to communicate quickly.  Most of the information posted on this blog along with the charts and indexes are available all during the day to the subscrbers of  The cost of subscription is very reasonable.


John Marbury
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