Rally, Rally, Rally!

That's the word of the day as the last two days have been great to mortgage rates. It seems the confidence, trust, and bearable risk in MBS (Mortgage Backed Securities) the government has instilled in this sector will do some good (at least short-term) for mortgage rates; as we have seen a .50%bps point improvement since the news broke early yesterday morning. As usual however the current market we operate in is still extremely volatile and can swing at a moments notice, however with that being said look for continued improvement in mortgage rates after the release of retail sales data tomorrow morning!

I have also started reading the very interesting (sarcastically stated) novel of "An Analysis and Description of Pricing and Information Sources in the Securitized and Structured Finance Markets". This publication although extremely hard to find really dives into the world of CDO's and MBS asset avenues' both from inception and into the secondary market. The avenues' of investing money have gotten so complicated that the individuals who even launched these products are having to educate themselves on the ongoing change, risk, pricing, structure, cash flow, pass through and other entities that make these investments tick.

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