Treasury yields rebound from historic lows

The 10-year Treasury yield briefly broke below the 2-year rate on Wednesday, flashing a recession warning that send stocks tumbling. As of Friday, the curve steepened and was no longer inverted.  The 10yr UST price down 17+/32 to yield 1.58% as of 10:46 AM ET, and UMBS 3.0% are down 5/32, 3.50% are down 3+/32, 4.0% are down 00+/32, and 4.5% are up 1/32.

Here’s why the yield curve inversion could lead to the lowest mortgage rates ever

The spread between two key interest rates inverted Wednesday, August 14, 2019. Here’s why that seemingly insignificant phenomenon could lead to ultra-low mortgage rates, perhaps the lowest ever recorded.

Applications For New Home Sales Jumped 11% on Lower Rates

Applications for mortgages for new home purchases increased 11% in July compared with June and were up 31.2% compared with July 2018, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS).
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Three reasons to choose us for all your Ideal hedging

Services

Maximize your Execution The mortgage pipeline is a very dynamic component of a mortgage banking business. Each day, new locked applications are coming in, loans are closing, locked applications are being denied or withdrawn and terms of existing locks are

Philosophy

At Vice Capital Markets, our hedging philosophy and process is both conservative and analytical.  Using your own historical data, we determine the expected fallout levels for each type of mortgage product in your pipeline.  Using this information along with the

Benefits

  Primary Benefits of Hedging Greatly improved execution over best efforts. In typical market environments, a 25 to 55 basis point improvement in execution is realized. In high-volume environments, double the typical improvement is not unusual. Improved flexibility and execution
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At Vice Capital Markets our goal is to help you

Since 2001, Vice Capital Markets has successfully managed the interest rate risk and maximized the profitability on over $400 billion of mortgage-backed securities trades and mortgage-related transactions.

Our expertise and familiarity with many types of executions and end investors has yielded superior results for our clients.

Through long rallies, swift declines, and multiple interest rate shocks our fallout models and risk management strategies have steadily and successfully weathered market fluctuations of all degrees.

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Troy D. Baars

President

Shawn D. Ansley

Managing Director

Kimberly M. Campbell

Vice President

Christopher M. Bennett

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