• May 5, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -9 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: It’s Big Jobs Friday! You can read the official BLS release here. Here is the Tale of the Tape: Jobs: April Non Farm Payrolls (NFP) were 253K vs. est. of

• May 4, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -14 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The April Challenger Job Cuts showed 66,995 corporate announced cuts vs. March’s pace of 89,703. Initial Weekly Jobless Claims were inline with estimates, 242K vs. 240K. The more closely watched

• May 3, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +20 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The April ADP Employment Change was much better than expected showing 296K job additions vs. est. of only 148K Taking it to the House: Weekly Mortgage Applications edged lower by

• May 2, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +40 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: March Job Openings and Labor Turnover Survey (JOLTS) showed 9.590M unfilled jobs which was lower than expectations of 9.775M. The Quits rate was 2.5%. Overall, a solid report but lower

• May 1, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -28 BPS with 60 minutes left to trade. Rosie the Riveter: The April ISM Manufacturing PMI continues to show manufacturing contraction with readings below 50, this time 47.1 but that a lil better than expectations of 45.5. Prices Paid jumped up

• April 29, 2023
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  Financial empowerment isn’t just about loans; it’s understanding the game, playing it right, and hitting that bullseye of financial stability. In this episode, we will discuss managing your finances, giving you important information to make smart decisions and secure your financial future. Our host, Michael Harris, the President and CEO of United Mortgage Corporation

• April 28, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +24 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The quarterly release of the Employment Cost Index for the 1st QTR showed a solid gain of 1.2% vs. est. of 1.1%. Inflation Nation: March headline PCE showed a MOM

• April 27, 2023
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Federal Reserve expected to raise rates another 25 basis points next week The U.S. economy rose 1.1% in the first quarter, falling short of estimates, in a sign that a slowdown is underway.  It is also a big pullback from the fourth quarter’s 2.6% rise and the third quarter’s 3.2% increase, according to the final estimate

• April 27, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -12 BPS with 60 minutes left to trade. Taking it to the House: The March Pending Home Sales Index contracted by -5.2% vs. est. of +0.5% Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected, 230K vs. est. of

• April 26, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -22 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications edged up 3.7%. Purchases led the way with a 4.6% gain. Refinances were flat at 1.7% Rosie the Riveter: The March Headline Durable Goods Orders