by Bill Bodnar, on February 11, 2021 at 1:45 PM
Mortgage Market Guide's recap of what happened this week and why.
Rates ticked up a bit and MBS saw price declines despite Fed bond buying. On Wednesday, the Fed purchased $9B in bonds and pricing worsened - why? $20B was offered for sale.
Follow prices resting on the 200-day Moving Average. If MBS prices fall beneath this floor, it would be bad for loan pricing.
Watch the video below to learn what is happening right now and educate your clients, prospects and partners.
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