• July 22, 2023
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• realestatelife

  A lot has been going on in the lending space right now. Inflation is hard to read, recession is possible, unemployment is rising, and interest rates are a little bit different. While we enjoy the calm before the storm, what is the best course of action to take to mitigate the risks and secure

• July 20, 2023
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• realestatelife

Rate sheets taking a hit this morning as bonds opened much weaker on the day. An unexpected turn, as bonds lost a lot of ground in overnight trading but are now finding a bottom. This isn’t anything to panic about, but does put a damper on the morning. Reprice risk on the day is low

• July 19, 2023
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• realestatelife

Rate sheets this morning likely to look similar to yesterday, and reprice risk on the day is low. Yesterday saw mortgage bonds lose some ground through the afternoon with a handful of late day reprices worse, mainly on the wholesale side, but nothing to get worked up about. Bonds improving this morning on news that

• July 18, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 August Coupon is currently up +8 BPS. Retail Sales: We got a mixed bag with the June data. The headline Retail Sales were lighter than expectations, 0.2% vs. est. of 0.5% but May was revised higher from 0.3% to 0.5%. Ex Autos, Retail Sales were up 0.2% vs.

• July 17, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 August Coupon is currently up +11 BPS. Rosie the Riveter: The July NY Empire Manufacturing Index surprised to the upside in the Fed’s district, showing expansion of 1.1 vs. est. of 0.0. It is that index’s second straight month of growth. Yellen is Yelling: Treasury Secretary Janet Yellen

• July 16, 2023
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• realestatelife

  Inflation is down by quite a few points and interest have fallen down. We hit the highs of 2023. What does that mean for you? We’re not really out of the woods yet but we’re certainly facing a great window of opportunity to take that next step and start our journey to becoming debt-free.

• July 14, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 August Coupon is currently down -28 BPS. Genco Olive Oil: Import and Export Prices both dropped more than expected. Import Prices MOM were down -0.2% vs est of -0.1% and were down -6.1% on a YOY basis. Export Prices MOM were down -0.9% vs est of -0.2% and

• July 13, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 August Coupon is currently up +42 BPS. Inflation Nation: The June headline Producer Price Index was weaker (better) than expected, rising by just 0.1% vs. est. of 0.2%, plus the prior month was revised lower to -0.4%. YOY, it was up 0.1% vs. est. of 0.4%. Core PPI

• July 12, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 July Coupon is currently up +57 BPS. Taking it to the House: Weekly Mortgage Applications eked out a small gain of 0.9% even though mortgage rates shot up during that period. Purchases were up 1.8% and Refinances were down -1.3%. Inflation Nation: The June headline Consumer Price Index

• July 11, 2023
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• realestatelife

MBS OVERVIEW Half Full: The June NFIB Small Business Optimism Index increased from 89.4 to 91.0 and beat out forecasts of 89.9. The June IBD/TIPP Economic Optimism will hit at 10 am. The Talking Fed: St. Louis Fed President Bullard will speak today. Treasury Dump: We kick off three days of dumping our debt into