• August 8, 2023
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WRAP UPUMBS 5.5: 98.73 (-16bps)10yr yield: 4.03 Mtg bonds bouncing around through the day, but not enough to see lenders reprice worse. Not a lot of risk floating into tomorrow. Rates sheets this morning will improve, and reprice risk on the day is low. Bonds here and abroad got a big boost overnight from soft

• August 7, 2023
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WRAP UP UMBS 5.5: 98.89 (-18bps) 10yr yield: 4.10 Quiet day, not a lot of risk floating into tomorrow although pricing could slip a little bit. Rates sheets this morning should be better than Friday’s AM rate sheets but likely worse than any reprices better, at least to start the day. Bonds woke up to

• August 6, 2023
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  Are you tired of financial roadblocks, lost in the maze of mortgages and interest rates? Do you want to be debt-free sooner? Join us on the latest episode of Your Real Estate Life with the dynamic Michael Harris, where we’re decoding the secrets to supercharging your financial future! In this episode, Mike reveals powerful

• August 5, 2023
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  We are seeing the Fed hike rates as our fight against inflation resumes. With that, rates have been the highest we have seen in many years. The Fed resumes by going up another quarter after taking a hiatus. However, home loan rates remain steady. What does this mean for you? Tune in to this

• August 4, 2023
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Rates sheets this morning poised to be about the same as yesterday, unless we see more volatility this morning before lenders set pricing. If the current gains hold we could see slightly better rate sheets, but nothing to get too excited about. One the morning drama plays out reprice risk on the day should be

• August 3, 2023
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WRAP UP UMBS 5.5: 98.28 (-41bps)10yr yield: 4.18 Tomorrow brings jobs data at 8:30am ET, before rate sheets. Data showing a softening labor market would help bonds improve, but rates don’t have much room to go lower. If the data is not well received by markets, bonds are going to sell off to new terrible

• August 2, 2023
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Afternoon WRAP UPUMBS 5.5: 98.69 (-17bps)10yr yield: 4.09 Although bonds are well off the worst levels of the day, nothing really points to potential for improvement. Rates still look poised to hit new highs for the year, and unless a surprisingly weak labor reading comes in on Friday we don’t have anything on the horizon

• August 1, 2023
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08/01/23 4:47pm ET WRAP UPUMBS 5.5: 98.86 (-39bps) 10yr yield: 4.04 No improvement today, leaving the door open for things to get worse. Risks favor locking, little reason to believe that we will see rates move lower. If Friday’s jobs data shows softening to the labor market, we could see rates fall back again… but

• July 31, 2023
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Wrap up10yr yield: 3.96 Bonds off their best levels of the day, if you saw one of the handful of reprices better today you may see them reprices worse again before the day is over… otherwise not enough movement for most lenders to bother (but some may). Unless holding out for jobs data or CPI

• July 28, 2023
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07/28/23 4:30pm ET WRAP UPUMBS 5.5: 99.30 (+38bps)10yr yield: 3.96 After a rough ride, mtg bonds about the same levels we ended with on Tuesday. I told you not to panic yesterday, although we won’t yet see the full recovery on most rate sheets unless we get a positive start Monday, bonds have recovered a