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Economic News

Wednesday, May 13, 2026

Static Quote FNMA 30-year 5.50% MBS 100.09 -12 bps

Markets now turn their attention toward upcoming Housing data, CPI, PPI, and Retail Sales reports. Inflation readings remain especially important because they will heavily influence expectations amongst the Federal Reserve under a new Fed Chair Kevin Warsh.

The bond market will need to absorb a fresh supply of Treasuries including 3- and 10-year notes, and 30-year bonds. Bonds hate more bonds – so the buying appetite, or lack thereof, could be a market mover next week.

Fed meeting June 17th has a 2.20% chance to lower by 0.25%.
Kevin Warsh confirmation proceeding for May 15th.


Economic Calendar

CPI – Consumer Price Index
The headline inflation number markets react to immediately
If inflation surprises higher → rates can spike quickly

PPI – Producer Price Index
Tracks upstream inflation
Gives insight into future consumer pricing pressure

Retail Sales
Measures consumer strength
Strong spending = higher rate pressure
Weak spending = possible bond market relief

Housing Starts & Permits
Forward-looking housing supply indicator
Important for long-term affordability

Fed Commentary
Markets dissect tone more than words
“Higher for longer” still the dominant narrative

Recent Newsletter

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Latest News and interest rates

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Your Real Estate Life – Empowering You to Build Wealth Through Property

Renting may seem convenient, but in the long run, you’re paying someone else’s mortgage instead of building your own equity. It’s time to take control of your financial future by investing in your own home or commercial property. Your Real Estate Life is your trusted resource for navigating the path to property ownership with confidence.

Unlock the Secrets to Smart Real Estate Decisions

Whether you’re buying your first home, expanding your investment portfolio, or seeking financial strategies to maximize your property’s potential, this show provides expert insights tailored to your journey. Dive deep into:

✔ Mortgage and lending programs
✔ Interest rates and economic trends
✔ Financial literacy and wealth-building strategies
✔ Debt reduction without sacrificing your lifestyle
✔ Identifying market risks and avoiding costly mistakes

Meet Your Expert Host – Michael A. Harris

With over 38 years of experience in mortgage lending, Michael A. Harris is the President & CEO of United Mortgage Corporation of America. He has helped countless individuals save money, eliminate mortgage debt faster, and achieve financial independence. As a Senior Director and Certified Field Trainer at United Financial Freedom, Michael is dedicated to guiding families toward a debt-free life.

Take Charge of Your Financial Future

The real estate market is constantly evolving, and having the right knowledge is essential. This program equips you with the tools and resources to make informed decisions, whether you’re purchasing, refinancing, or investing.

Start saving money today! Learn how to secure the best loan, reduce unnecessary interest payments, and turn debt into wealth—all without compromising your financial well-being.

Don’t wait—begin your journey toward homeownership and financial success now!

Listen to the show and take the first step toward financial freedom.

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Past EPISODES



Calendar

Next Broadcasts

Fox Sport Ventura 1590 AM & 97.9 FM KVTA FM

Fox Sport Ventura 1590 AM & 97.9 FM KVTA FM
Your Real Estate Life with Mike Harris
Saturday May 16, 2026 at 9:00 am

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