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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter of a point, further slowing its aggressive campaign to cool the economy amid growing evidence that stubbornly high inflation is finally starting to ease. The widely expected move puts the key benchmark federal funds rate at a range of 4.5% to 4.75%,
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +37 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The January ADP Employment Report showed 106K job adds which was well below the consensus estimates of 178K and a steep decline from December’s upwardly revised 253K. The December Job
READ MOREHiring by U.S. companies slowed sharply in January, the latest sign that the historically tight labor market is finally starting to cool off, according to the ADP National Employment Report released Wednesday morning. Companies added 106,000 jobs last month, missing the 178,000 gain that economists surveyed by Refinitiv had predicted. It marked the worst month for
READ MOREMBS OVERVIEW Jobs, Jobs, Jobs: The 4th QTR Employment Cost Index showed that wages and benefits rose by 1.0% compared to the 3rd QTR which was below estimates of 1.1% and lower that the 3rd QTR gain of 1.2%. Taking it to the House: The November YOY Case Shiller Home Price Index showed housing prices in their
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -4 BPS with 60 minutes left to trade. Rosie the Riveter: The regional Dallas Fed Manufacturing Survey just had its 9th straight month of readings below zero, this time it contracted by -8.4 and is yet another data point that confirms
READ MOREAre you getting the benefits of today’s market? Are you aware of what’s new in today’s economy? In this episode, the President and CEO of United Mortgage Corporation of America, Michael Harris, brings you good economic news and how mortgage rates are starting to go down. He’s closely looking into this economic news because
READ MOREAn inflation gauge closely watched by the Federal Reserve showed signs of slowing in December, but it still remained abnormally high, according to new data released Friday. The Personal Consumption Expenditures (PCE) index showed that consumer prices rose 0.1% from the previous month and rose 5% on an annual basis, according to the Bureau of
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +9 BPS with 60 minutes left to trade. Taking it to the House: December Pending Home Sales Index rose by 2.5% vs. est. of a decline of -1.0% Inflation Nation: December headline PCE increased by 0.1% on a MOM basis, the
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -1 BPS with 60 minutes left to trade. Taking it to the House: December New Home Sales hit 616K units on an annualized basis vs. est. of 617K, it was a slight improvement over November’s annualized pace of 602K units thanks
READ MOREThe U.S. economy ended 2022 on solid footing, but momentum seems to have cooled slightly as consumers confront the dual threat of stubbornly high inflation and rising interest rates. Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 2.9% on an annualized basis in the three-month period from October through
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