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September 12, 2023 – Rate Commentary

  • September 12, 2023
  • no comment
  • realestate

WRAP UPUMBS 6.0: 99.78 (-5bps)10yr yield: 4.27 10yr auction a non event, as I expected. Tomorrow we get CPI inflation data, coming in ahead of AM rate sheets, and I still advise to lock most loans. It’s not just the data that matters, it is the REACTION to the data. Unless we get an amazingly

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Time To Erase Debt – Cancel Interest Volume

  • September 12, 2023
  • no comment
  • realestate

  In this episode, Michael Harris explains how to turn up the frequency by turning down your interest volume. He discusses its difference from interest rates, how to understand your credit to get a higher score, and the right way to eliminate loans up to 30 years much faster without changing your lifestyle. Michael also

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September 11, 2023 – Rate Commentary

  • September 11, 2023
  • no comment
  • realestate

Rate sheets likely to be a bit worse than Friday, but not too much. Reprice risk on the day is moderate, we could see mortgage bonds lose ground on the day despite there being no economic data. There’s a 3yr Treasury auction this afternoon, but that won’t matter to bonds. I’m still in a locking

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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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Labor Day Weekend | It Is Time To Eliminate Interest

  • September 2, 2023
  • no comment
  • realestate

  It is time to stop losing money and start saving more! Make Your Real Estate life a reality with even more real benefits and results as you tune in to this Labor Day Weekend episode. Join our host, Michael Harris, to dive deep into how you can effectively eliminate interest that is making you

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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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