Category: Announcements

• January 4, 2023
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• realestatelife

Federal Reserve officials reaffirmed their commitment to fighting inflation at their December meeting and indicated that interest rates could remain elevated for “some time” until there is clear evidence that consumer prices are falling. Minutes from the U.S. central bank’s Dec. 13-14 meeting released on Wednesday showed that policymakers are intent on wrestling inflation closer

• January 4, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is up +30 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The November Job Openings and Labor TurnOver Survey (JOLTS) showed 10.458M unfilled jobs vs. est. of 10.0M and October was revised higher to 10.512M. The key take-a-way here is that

• January 4, 2023
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• realestatelife

Read More… U.S. manfacturing sector contracts for second straight month in December – ISM

• January 10, 2023
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• realestatelife

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

• December 28, 2022
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• realestatelife

Homeowners Still Have Positive Equity Gains over the Past 12 Months If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your

• December 23, 2022
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• realestatelife

Inflation Nation: We have a mixed bag of inflationary data today. Headline PCE YOY was hotter than expected, 5.5% vs. est. of 5.3%, plus October was revised higher to 6.1%. MOM, PCE was much less than expected, up only 0.1% vs. est. of 0.3% however some of that miss is due to an upper revision

• December 22, 2022
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• realestatelife

Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower (better) than expected, 216K vs. est. of 222K. The more closely watched 4 week moving average moved down to 222K. Continuing Claims were 1.672M vs. est. of 1.683M. Rainbows and Unicorns: We got the 3rd release of the 3rd QTR GDP and it continues to be

• December 21, 2022
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• realestatelife

Taking it to the House: Weekly Mortgage Applications eked out a small gain of 0.9%. Purchase Applications were down -0.1% and Refinance Applications were up a strong 6.0%. November Existing Home Sales were lighter than expected with 4.09M units at an annualized pace vs. est. of 4.20M and a steep drop from October’s pace of

• December 20, 2022
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• realestatelife

Domestic Flavor: Taking it to the House: November Housing Starts were higher than expected, 1.427M vs. est. of 1.415M on an annualized basis. Single-Family starts were down -4.1% from 863K to 828K SAAR, which is the lowest since May 2020. Multi-Family starts rose 4.8% from 557K to 584K, highest since April 2022. Building Permits fell

• December 19, 2022
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• realestatelife

Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) Inflation Nation, 2) The Consumer and 3) Central Bank Palooza. 1) Inflation Nation: We get the Fed’s key measure of inflation, Personal Consumption Expenditures (PCE) on Friday. Both headline PCE and Core (ex food and