• April 25, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +18 BPS with 60 minutes left to trade. Taking it to the House: March New Home Sales were much stronger than expected, hitting 683K on an annualized basis vs. est. of 634K and a nice jump from the Fed pace of

• April 24, 2023
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• realestate

MBS OVERVIEW Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) LLPA, 2) Inflation Nation and 3) GDP 1) LLPA: Loan Level Pricing Adjustments are now a form of social engineering and will have a big impact on how mortgage rates are calculated, Bryan

• April 22, 2023
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• realestate

  To achieve financial empowerment, start by understanding how to manage loans, decipher interest rates, and pave your way towards financial freedom. In this episode, we discuss real estate, loans, and financial empowerment. Discover the secrets behind mortgages, interest rates, and the details of home financing. Our host, Michael Harris, shares his two-pronged approach: it’s

• April 21, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -3 BPS with 60 minutes left to trade. Rosie the Riveter: April Flash S&P Marit PMIs were stronger than expected. The Manufacturing PMI was 50.4 vs. est. of 49.0 and the Services PMI were 53.7 vs. est. of 51.5 The 10

• April 20, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +17 BPS with 60 minutes left to trade. Taking it to the House: March Existing Home Sales were 4.44M units on an annualized basis, vs. est. of 4.500M Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were a smidge higher than expected, 245K vs. est.

• April 19, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +5 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications fell by -8.8%. Purchases tanked by -10.0%. Refinances decreased by -5.8%. Treasury Dump: We had the 20 year Treasury bond auction today at

• April 18, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -5 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: March Building Permits dropped from an annualized pace of 1.55M units down to 1.413M. Housing Starts moved from 1.432M down to 1.420M. The good news for

• April 17, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -20 BPS with 60 minutes left to trade. Rosie the Riveter: The April Empire State Manufacturing Index surprised to the upside with a very respectable reading of 10.8 vs. est. of -18.0 following March’s massive loss of -24.6. Taking it to

• April 14, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -35 BPS with 60 minutes left to trade. Retail Snails: Headline March Retail Sales showed another monthly decline, contracting by -1.0% vs. est. of -0.4%. Ex Autos, it was down -0.8% vs. est. of -0.3% and the Control Group shrank by

• April 14, 2023
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• realestate

  Let’s marry the home, date the rate, and divorce the debt! But is it possible to divorce that debt by eliminating interest? That’s what we will dive into today with Michael Harris. Michael talks about how you divorce the debt sooner rather than later after adding it to create wealth. Michael will show you