• June 8, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +26 BPS with 60 minutes left to trade. Domestic Flavor: Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were higher than expected, up 261K vs. est. of 235K. The more closely watched 4 week moving average inched upward to 237K. Continuing Claims

• June 7, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -21 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications fell by only -1.4%. Purchases were down -1.7% and Refinances were flat at -0.7%. Trade Balance: The April Goods and Services Trade Balance was $-74.6B

• June 6, 2023
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MBS OVERVIEW 4:00 pm EST – Our benchmark FNMA MBS 6.00 June Coupon is up +6 BPS with 60 minutes left to trade. Optimism?: The June IBD/TIPP Economic Optimism Survey came in at 41.7 vs May’s level of 41.6, so it remains extremely low. The expectations were for 45.2 Central Bank Palooza: The Reserve Bank

• June 5, 2023
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MBS OVERVIEW 4:00 pm EST – Our benchmark FNMA MBS 6.00 June Coupon is down -15 BPS with 60 minutes left to trade. Domestic Flavor: Rosie the Riveter: April Factory Orders were lighter than expected, 0.4% vs est of 0.5% and more than half of March’s pace of 0.9%. Services: The May national ISM Non

• June 4, 2023
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  The month of May ends with rate relief. What do you need to know to gear up for the future? Michael Harris is here to discuss how to navigate everything going on with inflation, the proposed bill aimed to fix the debt ceiling, and the right way to handle the rising FED rates. He

• June 2, 2023
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MBS OVERVIEW 3:30 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -25 BPS with 90 minutes left to trade. Jobs, Jobs, Jobs: Its Big Jobs Friday and we got a mixed bag of data. You can read the official BLS release here. Here is the Tale of the Tape: Jobs: May Non

• June 1, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +20 BPS with 60 minutes left to trade. Domestic Flavor: Rosie the Riveter: The 1st QTR Non Farm Productivity was revised higher vs its original release, -2.1% vs -2.7%. Unit Labor Costs were revised downward materially, from 6.3% down to 4.2%.

• May 31, 2023
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MBS OVERVIEW ​ 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +42 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications fell again, this time by -3.7%. Refinances were down -6.9% and Purchases were down by -2.5%. Rosie the Riveter: The May Chicago

• May 30, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +49 BPS with 60 minutes left to trade. Taking it to the House: The March FHFA Housing Price Index showed a MOM gain of 0.6% which was much stronger than expected 0.2%. The March Case Shiller Metro City Index, showed a

• May 29, 2023
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  It’s Memorial Day weekend. To those in uniform serving and those who have served in the past, you may want to think about saving money and using that money for proper use, whether it’s for you or those you care about. Michael Harris is here to help you keep the money you worked hard