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March 24, 2023 – Economic News

  • March 24, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +17 BPS with 60 minutes left to trade. Rosie the Riveter: February headline Durable Goods Orders were weaker than expected, down -1.0% vs. est. of +0.6%. Ex Transportation, it was flat at 0.0% vs. est. of 0.2% and Non Defense Capital

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Inflation And The Fed Dominate Markets

  • March 24, 2023
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  The market is being dominated by the Fed and the rising inflation rate. To ensure that you are not in any financial risk, learn how to take control of your money and strive to build long-term wealth. Michael Harris explores how to navigate today’s trends that directly impacts your financial decisions. He unpacks the

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March 23, 2023 – Economic News

  • March 23, 2023
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MBS OVERVIEW Taking to the House: February New Home Sales hit 640K on annualized basis vs. est. of 650K. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lighter than expected, 191K vs. est. of 201K. The more closely watched 4 week moving average dropped to 196,250. Continuing Claims were higher than the prior month but lower than

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March 22, 2023 – Economic News

  • March 22, 2023
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Your PM Lock Commentary has just been posted.For a full breakdown of today’s analysis: MBS OVERVIEW Taking to the House: Weekly Mortgage Applications improved again. This time by 3.0%. Refinances were up by 4.9% and Purchases were up by 2.2% The Talking Fed: Today at 2 pm ET we get the Federal Reserve’s latest interest rate decision

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March 21, 2023 – Economic News

  • March 21, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -17 BPS with 60 minutes left to trade. Taking to the House: The February Annualized Pace of Existing Home Sales hit 4.58M units vs. est. of 4.20M Treasury Dump: We had a 20 year Treasury bond auction today at 1 pm. $12B went off

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March 20, 2023 – Economic News

  • March 20, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -7 BPS with 60 minutes left to trade. There were no economic events today. On Deck for Tomorrow: FOMC starts two days of meetings, Existing Home Sales and a 20Y Treasury bond auction. Interest rates increased today, although well anchored in

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March 17, 2023 – Economic News

  • March 17, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +10 BPS with 60 minutes left to trade. Rosie the Riveter: February Industrial Production was weaker than estimates, flat at 0.0% vs. est. of 0.2% but January was revised higher from 0.0% to 0.3%. Capacity Utilization was 78.0% vs. est. of

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SVB Bank Fallout And Rates

  • March 17, 2023
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  If you think it’s fine to follow the bank’s plan in paying your debts, then you better pause for a moment and see what Michael Harris can offer you in this insightful episode. Michael shares his wisdom to help you with your finances and create wealth with the fastest and easiest way to pay

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March 16, 2023 – Economic News

  • March 16, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -27 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected and returned to its trend of sub-200K with 192K vs. est. of 205K. The more closely watched 4 week moving average dropped

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March 15, 2023 – Economic News

  • March 15, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +35 BPS with 60 minutes left to trade. Inflation Nation: February headline Producer Prices (PPI) decreased by -0.1% vs. est. of +0.3% on a MOM basis and came in at 4.6% vs. est. of 5.4% on a YOY basis, both were

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