• January 16, 2023
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• realestate

  Inflation rates are declining! This is a welcome sign for those of us who have been waiting for better days in today’s inflationary environment. But more than this, let us explore what a declining interest rate means in various areas of our real estate journey. In this episode, Michael Harris dissects the recent economic

• January 13, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -16 BPS with 60 minutes left to trade. Genco Olive Oil: December Import Prices were higher than expected and signal future inflationary pressure. MOM, they were up 0.4% vs. est. of -0.8% and YOY they were up 3.5% vs. est. of

• January 12, 2023
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• realestate

Inflation continued to cool in December, the latest sign that painfully high consumer prices are finally beginning to loosen their stranglehold on the U.S. economy. The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, fell 0.1% in December from the

• January 12, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +24 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lighter than expected, 205K vs. est. of 215K. The more closely watched 4 week moving average dropped to 212.5K. Continuing Claims were 1.634M vs. est.

• January 11, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +11 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications rose by 1.2% thanks to a big gain of 5.1% in Refinance Applications. Purchase Applications were basically flat at -0.5% The Talking Fed:

• January 10, 2023
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• realestate

MBS OVERVIEW 3:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is down -11 BPS with 120 minutes left to trade. The Talking Fed: Fed Chair Powell spoke about the independent role of Central Banks today at 9 am but did not address Fed economic policy, rates, etc. Optimism? The December NFIB Small Business

• January 10, 2023
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• realestate

Section 203 of the Protecting Americans from Tax Hikes (PATH) Act of 2015, Pub.L.114-113, div. Q, enacted on December 18, 2015, modified section 6109 of the Internal Revenue Code, and in so doing, made significant changes to the Individual Taxpayer Identification Number (ITIN) program. Q1: When can I renew my ITIN? A1: If your ITIN has

• January 9, 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) The Talking Fed, 2) Inflation Nation and 3) Treasury Dump. 1) The Talking Fed: Last week’s Minutes made it clear that the Fed is frustrated that the markets are NOT buying their message

• January 8, 2023
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• realestate

  The new year is here and that means a fresh start with a new outlook and new ideas! Let go of the past misconceptions and information. Harness a new way of thinking so you can make your real estate life into reality! In this episode, Michael Harris celebrates the new year with you by

• January 6, 2023
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• realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is up +75 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Its Big Jobs Friday! You can read the official BLS release here. Jobs: December Non Farm Payrolls (NFP) added 223K vs. est. of 200K November NFP was revised lower from