• October 18, 2023
• no comment
• realestate

Rate sheets will continue to see rates creep higher this morning, although reprice risk on the day is low. Yesterday was a brutal day for rates, pushing them to new limits and laughing at my statement that it looked like we had peaked. Although some of the underlying variables didn’t change, and even though the

• October 17, 2023
• no comment
• realestate

10/17/23 4:47pm ETWRAP UPUMBS 6.0: 97.11 (-58bps)10yr yield 4.84 Bonds didn’t rebound today, which would have been a better sign. It’s still likely we see rates fall back a bit from here, however they could creep higher before that happens. I still think we are close to peak rates, but it wouldn’t be the first

• October 16, 2023
• no comment
• realestate

WRAP UPUMBS 6.0: 97.78 (-36bps)10yr yield 4.70Rates moved higher today, and bonds couldn’t improve. Tomorrow AM we get retail sales data, which could help pricing rebound if it shows any kind of slowdown but will hurt AM rate sheets if it shows more strength. I’d still risk floating, especially loans closing November and later, even

• October 14, 2023
• no comment
• realestate

  Your real estate life isn’t always about your rate. It’s about where you’re paying it and how it’s set up. In this episode, Michael Harris talks about how to build a better path to retiring your debt sooner. Michael can give you the ability to save money and pay it off sooner. So join

• October 13, 2023
• no comment
• realestate

Rate sheets will be a little worse than yesterday, although they should be better than any reprices worse you saw yesterday. Reprice risk on the day is low, we should have a quiet day, but as we saw yesterday there is still always a chance of seeing bonds move more than expected. We should be

• October 12, 2023
• no comment
• realestate

WRAP UPUMBS 6.0: 97.94 (-67bps)10yr yield 4.71 Bonds moved much worse today than I would have expected, especially with inflation data coming in as forecast with a decent core number. We can point to some sectors of inflation that could be partly to blame, however, it is more likely this is just normal movement. If

• October 11, 2023
• no comment
• realestate

WRAP UPUMBS 6.0: 98.91 (+39bps)10yr yield 4.57 Mortgage bonds continue to improve, setting up tomorrow to have better rates. We could see some volatility when the CPI data comes out at 8:30am ET, but overall it is unlikely we see rates start moving higher again. Unless worried about tomorrow, loans should continue floating. Rate sheets

• October 10, 2023
• no comment
• realestate

Rate sheets will rebound this morning from Friday’s brutal reaction to the jobs data, unfortunately rates being helped by the conflict/war in the Gaza strip/Israel. Reprice risk today is low, it is unlikely we see bonds give back the current gains. We might have seen a shift in sentiment this week anyway, had there not

• October 8, 2023
• no comment
• realestate

  Direct your financial resources towards freedom by reducing interest costs, while maintaining your current lifestyle. Take control, reduce debts, and rewrite your financial destiny today. In this episode, join us as we discuss financial empowerment and economic foresight. Discover the undisclosed strategies for lowering interest rates, maximizing loan benefits, and navigating your financial journey

• October 8, 2023
• no comment
• realestate

  Life’s financial journey isn’t about the speed; it’s about recalculating the route to ensure a prosperous destination. Shift the direction, seize the opportunities, and chart a course for lasting financial well-being. In this episode, we discuss the slow and prolonged healing process in the financial labyrinth itself. We will guide you through various financial