RichardMurphyMortgage

Proud Father, Mortgage Pro, National Trainer, Author, Aspiring Chef

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (7/11/23 OPEN)

Pricing today should be better than yesterday AM rate sheets but similar to any reprices better you saw yesterday. Bonds holding yesterday's gains but not really improving much. Reprice risk today is low.

Should be…https://t.co/pNoPsnahZI

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (7/10/23 OPEN)

Rates were slightly better on Friday after hitting the worst levels on Thursday, but today's rate sheets are likely to be about the same. Reprice risk on the day is low.

We shouldn't see big swings today with littl…https://t.co/WSnSswYTfU

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (7/7/23 OPEN)

Rate sheets today are not going to look much better than yesterday, if at all. Reprice risk today is moderate.

Summer Friday's tend to see the bond market slow down in the late morning as traders duck out for the we…https://t.co/bHX5k1d6Ry

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (7/6/23 OPEN)

Rate sheets today are going to get CRUSHED, and reprice risk on the day is high.

Bonds were already starting the day off in a terrible position with the 10yr yield jumping back up to 4.00 and mortgage bonds showing…https://t.co/CdsfyYPom1

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (7/5/23 OPEN)

Rate sheets likely to see a bit worse pricing than Monday as mortgage bonds continue to slide after the holiday. Reprice risk today is moderate.

Although it isn't too likely we see something in this afternoon's Fed…https://t.co/PnfyfNevz9

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (7/3/23 OPEN)

Rate sheets likely to be near the same levels as Friday, maybe a bit on the conservative side ahead of the holiday. Reprice risk on the day is moderat..

Bonds may be a bit more erratic due to low trading volume as m…https://t.co/BCH8qsWtML

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/30/23 OPEN)

Rate sheets at the worst levels we've seen in over a month after yesterday's brutal day. Reprice risk on the day is moderate.

Mortgage bonds have moved into positive territory, improving after the PCE inflation da…https://t.co/8rzesSJwBb

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/29/23 OPEN)

Well, today's the day I've been warning you about. Rate sheets are going to take a hit as strong economic data sends bonds reeling.

Fed futures showing markets now pricing in that second Fed rate hike that traders…https://t.co/hEOugxXry5

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/28/23 OPEN)

I know this is getting boring. If you think it is bad to read it, try writing it. The good news is that we aren't talking every day about how rates are moving higher. That's good, isn't it?

Pricing remains stagnant…https://t.co/aUzHW0eCJD

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/27/23 OPEN)

Pricing should be similar to yesterday. We are now running on a month that we really haven't seen much movement other than the odd day or two. Reprice risk on the day is low.

The outlook remains the same. All this…https://t.co/abgm3n20Pe

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/26/23 OPEN)

Morning rate sheets should be similar to Friday. Reprice risk is low on the day.

No economic events (other than a 2yr Treasury auction this afternoon) and no Fed speakers today to shake things up.

The outlook rem…https://t.co/6al34W7L7e

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/20/23 OPEN)

Pricing this morning likely to be similar to Friday. Reprice risk on the day is moderate.

Today (and this week) doesn't have a lot of economic data (housing data is important but doesn't affect rates) but does have…https://t.co/wkomzforWa

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/16/23 OPEN)

Pricing this morning may be a bit on the conservative side ahead of the 3-day weekend, but should be comparable to yesterday's early rate sheets. Bonds losing a bit of ground so far this morning, but not enough to w…https://t.co/WXNQx5pBY4

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/15/23 OPEN)

Pricing this morning likely to be a bit erratic among lenders, especially on the wholesale side. This is because bonds are all over the place, but right now are actually about the same as when pricing came out yeste…https://t.co/S28LAEStBl

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/14/23 OPEN)

Pricing this morning will be worse than yesterday AM rate sheets due to yesterday's terrible afternoon, but similar to any reprices worse. Reprice risk today is high, especially this afternoon when the Fed meets. Fe…https://t.co/HNxPRMTVFy

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/13/23 OPEN)

Pricing this morning will depend a bit more on where bonds are at when lenders set their pricing due to a lot of early volatility. Bonds were improved to start the day and initially got better on the CPI data, but t…https://t.co/aKYV2rcweR

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/12/23 OPEN)

Pricing this morning should be similar to Friday, although mortgage bonds are choppy this morning. Reprice risk on the day is low.

We should see things settle down for the day ahead of tomorrow's big CPI inflation…https://t.co/SZS3xvmpXJ

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/9/23 OPEN)

Pricing this morning should be similar to yesterday or slightly worse for some. Reprice risk on the day is low.

No economic data or headlines to shake anything up. The only reason we would see any bigger moves is du…https://t.co/NxavJeRvbE

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (June 8, 2023 OPEN)

Pricing this morning likely a little worse than yesterday, but improved for any reprices worse you may have gotten. Reprice risk today is low.

We have found bonds to be highly reactionary to small reports like…https://t.co/IzpCMzszmG

[RichardMurphyMortgage @murphy_mortgage]

Daily Market Commentary (6/7/23 OPEN)

Pricing this morning once again likely to be flat, maybe a little better on some rate sheets, as rates tread water ahead of the real action next week. Reprice risk on the day is low with no Fed speakers and no econom…https://t.co/Cyg8M81Mdb