• December 11, 2023
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Rate sheets this morning will be similar to Friday and maybe a bit better for some. Reprice risk on the day is low, although we will see a 10yr Treasury auction at 1pm Eastern today. It is tomorrow’s CPI inflation data and Wednesday’s Fed meeting that will decide the near future of rates. The outlook

• December 9, 2023
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• realestate

UMBS 6.0 100.72 (-13bps)10yr yield 4.23 Although this mornings jobs data was a bust for better rates, it didn’t hurt things much. There is still hope that next weeks inflation data and Fed meeting could see rates move a bit lower, but this is the first sign that we may see this rally losing steam.

• December 7, 2023
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Rate sheets this morning likely to be similar to yesterday, despite the gains bonds made through the day on Wednesday, losing ground this morning to a cry of “Godzilla!!!” as Japan unleashed a different monster that stomped on bonds. Not anything to get worked up about though, just that the yen surged as speculation grew

• December 6, 2023
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• realestate

Rate sheets this morning likely to be similar to yesterday, which is to say some of the best pricing we’ve seen in months. However, we could see rates improve further over the coming days, as global markets bet on central banks cutting rates sooner than was expected a few months ago. Reprice risk on the

• December 5, 2023
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UMBS 6.0 100.80 (+20bps)10yr yield 4.17 Markets betting hard now that the Fed will cut rates by March, pushing yields lower and driving mortgage rates down as weaker JOLTS data today contributed to speculation that the labor market is cooling after running red hot the last couple of years. The big moves though still to

• December 4, 2023
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• realestate

Rate sheets this morning will be better than Friday’s rate sheet, more in line with any reprices better you got on Friday. Reprice risk today is low, but remember that tomorrow morning brings JOLTS data as well as some ISM data that could shake things up. However, my current “guess” is that rates will improve this

• December 1, 2023
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Rate sheets should be similar to yesterday, and it is unlikely we see much movement on the day making reprice risk low. There will be some ISM manufacturing data that could sway bonds a bit as rate sheets start coming out, but it isn’t something to go nuts worrying about. Fed Chair Jerome Powell will

• November 30, 2023
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• realestate

Rate sheets may lose little bit of ground from yesterday, but shouldn’t be too far off. Unfortunately there wasn’t a stronger reaction to this morning’s PCE inflation data, which came in right at expectations. Reprice risk on the day is low, bonds lost a bit of ground in overnight trading but could make it up

• November 30, 2023
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• realestate

Moving to a new home while starting a business is an exciting process, yet it can be extremely stressful at the same time. You have the opportunity to create something new, but you also have to make sure that everything goes smoothly during the transition. Here, Your Real Estate Life has compiled a list of

• November 29, 2023
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11/29/23 MARKET WRAP UP UMBS 6.0 100.55 (+22bps)10yr yield 4.26 Fed futures showing that markets now expect the first Fed rate cut to happen in May, and belief building that it could be sooner. Next week’s labor data could fuel that fire, and December still looks like it will bring the lowest rates of the