• February 28, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up +0 BPS with 60 minutes left to trade. Taking it to the House: Another round of bad housing news today. December YOY Case Shiller Home Price Index tanked from an appreciation rate of 6.8% in November down to only 4.6% in

• February 27, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up +8 BPS with 60 minutes left to trade. Rosie the Riveter: January headline Durable Goods Orders were weaker than expected, -4.5% vs. est. of -4.0% but ex Transportation, they were much stronger than expected, 0.7% vs. est. of 0.1%. Non Defense

• February 24, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is down -29 BPS with 60 minutes left to trade. Inflation Nation: The Fed’s key measure of inflation was much hotter than expected. Headline PCE increased by 0.6% on a MOM basis vs. est. of 0.5%. YOY, it increased by 5.4% vs. est.

• February 23, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up +20 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were once again lower than expected, 192K vs. est. of 200K. The more closely watched 4 week moving average is now 191K. Continuing Claims hover near

• March 10, 2023
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The Department of Housing and Urban Development cut the Federal Housing Administration’s mortgage insurance premium by 30 basis points, a move that many stakeholders think is long overdue. The cut drops premiums from 85 basis points to 55 basis points — reverting premiums to a level not seen since before the 2008 housing crisis. This

• February 22, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up +17 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications tanked for the second week in a row, this time they were down -13.3%. Refinances fell by only -2.2% but Purchase Applications dropped

• February 21, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is down -36 BPS with 60 minutes left to trade. Taking it to the House:  January Existing Home Sales were 4.00M vs. et of 4.10M which is down -0.7% from December and 37% YOY. The median home sales price did move higher on a YOY

• February 17, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up just +6 BPS with 60 minutes left to trade. Genco Olive Oil: Import Prices in January fell by -0.2% which matched expectations. YOY, they were up by 0.8% which was much lower than estimates in the 2.9% range. Export Prices were

• February 16, 2023
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Producer price index projected to increase 0.4% in January Inflation at the wholesale level rose more than expected in January, the latest sign that painfully high consumer prices could take some time to dissipate. The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers,

• February 16, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is down -13 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected, 194K vs. est. of 200K. The more closely watched 4 week moving average was very low at 189.5K. Continuing Claims were 1.696M