MARKET UPDATE!!!!! 10/14/2015
MBS are up +9/32 (FNMA 30-yr 3.5 at 104.18), around 4/32 above morning levels, and near the high for the day. Favorable repricing was seen. Weaker than expected Retail Sales and PPI inflation data helped MBS today. The Fed’s Beige Book reported that economic growth in recent weeks was “modest” and that wage gains were “mostly subdued.” This also helped MBS. The Dow is down 150 points. Tomorrow, CPI, Empire State, and Philly Fed will be released.