June 16, 2023 – Economic News

• June 16, 2023
• realestate
• Business & Markets, Fed, Interest Rates, Politics & Economy, Rates, Real Estate, Real Estate Finance, Recession, World News, Your Real Estate Life

MBS OVERVIEW

Our benchmark FNMA MBS 6.00 July Coupon is currently down -5 BPS.

Consumer Sentiment: The preliminary June UofM Consumer Sentiment Index hit 63.9 vs est of 60.0. The 5 year inflation expectations moved from 3.1% to 3.0% and the 1 year inflation expectations dropped from 4.2% down to 3.3%

The Talking Fed: Fed Gov Waller didn’t discuss the Fed’s potential move but addressed the financial stress from tightening lending conditions on the economy.

Central Bank Palooza: The Bank of Japan did what the BofJ does, nothing. They kept their key interest rate at -0.1%

On Deck for Tomorrow: ****The bond market is CLOSED on Monday****