DAILY MARKET BRIEFING

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mgraham224

950 Posts

Posted - 01/16/2008 : 07:41:00 AM

Are you interested in me contributing a shorter version of this to BO every morning? Some of you have asked for this, but can the rest of you please comment?

http://www.mortgagenewsdaily.com/mortgage_rates/blog/

They tend to get a little long to read on days like today, but if you did want all the details, you'd know where to find it.

(abbreviated example in post below)

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CandyMan

247 Posts

Posted - 01/16/2008 : 07:45:55 AM

I would be very interested in that.

Thanks.

AGreene00

2734 Posts

Posted - 01/16/2008 : 08:07:40 AM

I think that would definitely be beneficial for everyone. I'd be interested in that as well.

akaagassi

137 Posts

Posted - 01/16/2008 : 08:08:57 AM

sign me up coach...

mgraham224

950 Posts

Posted - 01/16/2008 : 08:23:19 AM

Here's an idea of what the abbreviate outpost version would look like. It would require those that didn't know some abbreviations and definitions to read up on them. I'd make a sort of "user's guide" available:

MBS prices mixed and near level this morning after weak stock futures opened into relatively flat trading. CPI est. at .2, but came in at .3, not earth shattering, and Core Reading matched expectations at .2. Slight inflationary pressure there due to high year over year reading.

IP report mixed with prod at 0.0 up from forecast -.2. Utilization .2% higher than expected at 81.4%, high, but not high enough to summon inflation boogie man.

Buzz on from the trade floor is light volume due to fluctuations in currencies.

5.0% MBS is at 99 and 23/32nds currently, dead even with yesterday's close. Some selling in 4.5% tranch indicating we'll hold steady for the day until further impetus.

As always, stay up on Bloomberg and CNBC for a read of the Beige Book at 2pm as strong language can foretell FED movements and cause a stir in markets.

Stocks losing ground since open and MBS's opened weaker and are now up. Float confidently unless stocks break even, then get lock sheets ready. If we swing past 75 point gain, and I haven't posted back MBS prices, safest to lock. As always, I'll post major changes when available, and I recommend locking over floating when we've pushed technical factors this far this fast.

I'm still bearish long term and will float until 5.0% coupon hits 99-10/32nds.

mgraham224

950 Posts

Posted - 01/16/2008 : 08:25:37 AM

BTW, I'm planning on keeping the basic blog content free.

And thinking of setting up 10 bucks a month for email/cell phone alerts on reprices, data, and price changes.

That 10 bucks would also get you screen prints of MBS graphs, etc. More details, etc...

Feedback please! It's going to cost me 500/month to keep it going.

dc62

261 Posts

Posted - 01/16/2008 : 08:54:03 AM

Matt, count me in among those interested in your take, and access to MBS Quotes. I am a former MMG subscriber, and while I don't miss all the superflous BS that goes along with Barry's site, i do miss access to MBS data.

mgraham224

950 Posts

Posted - 01/16/2008 : 10:56:40 PM

quote:
Originally posted by dc62

Matt, count me in among those interested in your take, and access to MBS Quotes. I am a former MMG subscriber, and while I don't miss all the superflous BS that goes along with Barry's site, i do miss access to MBS data.

this is exactly the kind of feedback i'm looking for. as i said, i've never subscribed because i don't want to accidentally pick up any of his verbiage and look like a hack or worse, get sued.

So feedback like this let's me know what's good and what's bad about competition.

i'll probably post a dedicated link and keep it bumped for a while with darin's permission to assess the interest.

jweeber

2 Posts

Posted - 01/17/2008 : 05:07:22 AM

Matt,

I found your blog because I am looking for a reasonable non-commercial place to get MBS prices. I used to use Briefing.com/ICAP but they were often unreliable. I would definitely be interested in your commentary and pricing information. Thanks.

Jeff Weeber
Liberty Home Mortgage Company

quote:
Originally posted by mgraham224

quote:
Originally posted by dc62

Matt, count me in among those interested in your take, and access to MBS Quotes. I am a former MMG subscriber, and while I don't miss all the superflous BS that goes along with Barry's site, i do miss access to MBS data.

this is exactly the kind of feedback i'm looking for. as i said, i've never subscribed because i don't want to accidentally pick up any of his verbiage and look like a hack or worse, get sued.

So feedback like this let's me know what's good and what's bad about competition.

i'll probably post a dedicated link and keep it bumped for a while with darin's permission to assess the interest.

jvanpetten

2179 Posts

Posted - 01/17/2008 : 06:00:45 AM

I have your sight in my fav's and have had for some time, when I need to lock, your site is my first stop to see what I should do. An email for updates when the market changes would be great.

2124 Posts

Posted - 01/17/2008 : 06:04:41 AM

Respectfully, Matt, the VAST majority of BO posters haven't a clue as to what you're doing, have absolutely no interest whatsoever, don't know what an MBS is, and probably can't even spell MBS.

mgraham224

950 Posts

Posted - 01/17/2008 : 3:24:30 PM

quote:
Originally posted by jvanpetten

I have your sight in my fav's and have had for some time, when I need to lock, your site is my first stop to see what I should do. An email for updates when the market changes would be great.

Wow. Deeply, thank you!

I'm humbly honored by such comments.

mgraham224

950 Posts

Posted - 01/17/2008 : 3:35:51 PM

quote:
Originally posted by ML

Respectfully, Matt, the VAST majority of BO posters haven't a clue as to what you're doing, have absolutely no interest whatsoever, don't know what an MBS is, and probably can't even spell MBS.

Same suspicion here based on my short time on board, but is that worth trying to change?

I can see there are some people here that I could learn a lot from in their areas of expertise. And though I don't profess to be an expert on market forces, if people want to be educated on why this is important, I'd be honored to help educate.

Even if vast majority aren't interested, do you think they should be? When and if they have pipelines big enough to worry about when to lock? More importantly is that this knowledge is impressive and reassuring to clients and business partners (or so I've found). Maybe it would be for others.

Anyway, I agree with you and appreciate the honesty, but would only potentially add that maybe people should care. The majority of the demographic that doesn't understand/care about such things will do better for themselves and better for the professionalism of the industry if they do understand it.

Maybe the diffusion of MMG's ideas has been slow because of cost. If mine's going to be 19 bucks or something (eventually), and only 10 bucks for the first 50 members or any premium BO member. I'm still going to offer content and education for free, but the cool stuff will be 10 bucks a month, kinda like another site I know! At any rate, I'm planning on live text messages and email alerts. Should be fun, but maybe I'll get sidetracked. We'll see. I'll post a new thread soon on the education aspect of it.

racerx

11048 Posts

Posted - 01/17/2008 : 3:53:27 PM

quote:
Originally posted by ML

Respectfully, Matt, the VAST majority of BO posters haven't a clue as to what you're doing, have absolutely no interest whatsoever, don't know what an MBS is, and probably can't even spell MBS.

I think you are describing me! However, I would be interested in learning.

MBS (Did I spell it correctly?)

financeone

1201 Posts

Posted - 01/17/2008 : 4:02:46 PM

Matt,

I am interested in MBS quotes!
Contact me via my profile for the $10/mo., helluva deal.

Thanks,
Bob

rudeness

2649 Posts

Posted - 01/17/2008 : 4:04:57 PM

quote:
Originally posted by ML

Respectfully, Matt, the VAST majority of BO posters haven't a clue as to what you're doing, have absolutely no interest whatsoever, don't know what an MBS is, and probably can't even spell MBS.

Here's the thing ML...Most of us can spell *******, and the VAST majority of the B.O. posters did not ask you to speak for them. I know that I did not give you my proxy. I'm interested Matt...go for it!

forsociald

2140 Posts

Posted - 01/17/2008 : 4:05:17 PM

That would be awesome. Thanks!!

mantixmortgage

2660 Posts

Posted - 01/17/2008 : 4:09:37 PM

quote:
Originally posted by ML

Respectfully, Matt, the VAST majority of BO posters haven't a clue as to what you're doing, have absolutely no interest whatsoever, don't know what an MBS is, and probably can't even spell MBS.

is this kind of like IBS?

if so, count me out

mgraham224

950 Posts

Posted - 01/18/2008 : 11:54:16 AM

LOL!

It's only like IBS if the market sends rates up!

Rudeness, you are the starsky to my hutch.

Seriously though, I know there are a lot of fly-catchers here, but at least it will be available for those who want to learn more. I'll hopefully work on it over the weekend.

Take a look back over the blog this week. I kinda nailed it :-)

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