September 5, 2023 -Rate Commentary

  • September 5, 2023
  • no comment
  • realestate

WRAP UPUMBS 6.0: 99.77 (-42bps)10yr yield: 4.27 Lots of reprices worse pouring in this afternoon, hopefully you were able to lock with our first alert. Rates are back on the rise, and we have a lot more room to see them move higher. I wouldn’t get too hopeful of seeing them start to move lower

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UMCA – Today’s Mortgage Rates – 800-230-0168

  • March 28, 2024
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  • realestate

800.230.0168 Company 805.530.1199 Direct Line to CEO NMLS #3189 | CA: Dept. of Real Estate #01870497 | CO: Regulated by the Division of Real Estate. | MT:  Broker No #3189 | TX: 4663 Farringdon Ln. | WA: Consumer Loan Company License CL-3189 We have many options available including loan amounts up to and now over 75,000,000.

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US economy adds 187,000 jobs in August while unemployment rate unexpectedly jumps

  • September 3, 2023
  • no comment
  • realestate

U.S. job growth continued at a moderate pace in August while the unemployment rate unexpectedly jumped, a sign that the labor market is finally cooling in the face of rising interest rates and chronic inflation. Employers added 187,000 jobs in August, the Labor Department said in its monthly payroll report released Friday, topping the 170,000 jobs

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Your Real Estate Life – Radio Program Saturday at 9:00 am PDT and Sunday at 7:00 am PDT

  • March 28, 2024
  • no comment
  • realestate

March 30th & March 31st Weekend Does Your Lender Love You?  You Do Not Need That Kind of Love in YOUR Life.  Join Host Mike Harris and make your appointment to join in this weekend as we Save Our Money together for loans in CA, CO, MT, TX, WA, and DSCR in an additional 46

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September 1, 2023 – Rate Commentary

  • September 1, 2023
  • no comment
  • realestate

Rate sheets this morning likely to be in line with yesterday, as both those that locked and those that floated win this morning… since there is basically no change. Reprice risk on the day is low, we may see bonds drift higher as traders park money in bonds for what is historically the last hurrah

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August 31, 2023 – Rate Commentary

  • August 31, 2023
  • no comment
  • realestate

Rate sheets this morning likely to be a bit worse than yesterday, and loans are facing a decision of whether to lock or float ahead of tomorrow’s jobs data. Reprice risk today is low, not much to worry about. The outlook today is much brighter than a week ago, with the door open to see

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August 30, 2023 – Rate Commentary

  • August 30, 2023
  • no comment
  • realestate

WRAP UPUMBS 6.0: 100.11 (-8bps)10yr yield: 4.12 Bonds losing steam in the late afternoon, could see some late day lender reprices worse. Never a bad idea to consider locking risk averse and near term, unless planning on floating into Friday’s jobs data to see what that brings. I’m no clairvoyant, all I can tell you

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August 29, 2023 – Market Commentary

  • August 29, 2023
  • no comment
  • realestate

MBS OVERVIEW Taking it to the House: The June FHFA Housing Price Index showed a MOM increase of 0.3% versus estimates of 0.2%. The June Case Shiller Metro City YOY Index dropped by -1.2% versus estimates of -1.3%. Jobs, Jobs, Jobs: The July Job Openings and Labor Turnover Survey (JOLTS) showed 8.827M unfilled jobs versus

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August 25, 2023 – Rate Commentary

  • August 25, 2023
  • no comment
  • realestate

Rate sheets will come out reflecting whatever take the market has on Fed Chair Jerome Powell’s speech from Jackson Hole today at 10:05am ET. The initial start to the day sees mortgage bonds a bit on the weaker side, and if pricing came out right now it would be slightly worse than yesterday. However, there

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August 24, 2023

  • August 24, 2023
  • no comment
  • realestate

Rate sheets likely to give back some of yesterday’s gains, which didn’t quite match up to the gains in bonds to begin with. What I mean is that mortgage bonds improved to levels last seen 8/14, when rates were .375 to .25% better. However, most rate sheets improved about .125%, some a little more. That’s

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