September 8, 2023 – Rate Commentary

  • September 8, 2023
  • no comment
  • realestate

WRAP UPUMBS 6.0: 99.84 (-5bps)10yr yield: 4.26 Quiet day, advice remains to lock most loans simply for protection with big rate improvements unlikely. Rate sheets will be better this morning, reflecting yesterday’s improvement in bonds, but not really anything to get overly excited about. Reprice risk on the day is low, no reason to expect

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September 7, 2023 – Rate Commentary

  • September 7, 2023
  • no comment
  • realestate

WRAP UPUMBS 6.0: 99.91 (+33bps)10yr yield: 4.25 Good day for bonds. If repriced better, consider taking it, otherwise you may want to consider floating into tomorrow to see if pricing is better and reflects the gains. This doesn’t really change the mid term outlook, but at least it’s a good day. Nothing on the calendar

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September 6, 2023 – Rate Commentary

  • September 6, 2023
  • no comment
  • realestate

WRAP UPUMBS 6.0: 99.59 (-16bps)10yr yield: 4.30 Stronger than estimated ISM services numbers this AM sent bonds selling, but the Fed’s Beige Book showed slowing growth in the economy for July and August. Rates still likely to creep higher heading into Fed mtg 9/20, with only a surprisingly positive inflation reading next week being something

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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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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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