• June 27, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 July Coupon is currently down -11 BPS. Rosie the Riveter: May Durable Goods were much stronger than expected with the headline reading rising by 1.7% vs. est. of a contraction of -1.0%. Ex Transportation, it was up 0.6% vs. est. of -0.1% and Non Defense Capital Goods Ex

• June 26, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 July Coupon is currently up just +6 BPS. Rosie the Riveter: The June Dallas Fed Manufacturing Survey continued to slump with a contractionary reading of -26.5 which follow May’s very weak -29.1. Treasury Dump: We kicked off three days of dumping our debt into the marketplace with our

• June 24, 2023
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• realestatelife

  The Fed is on a pause, making us put our feet on the brake. But anytime now, we have to continue hovering over that gas pedal and get ready to go. Chairman Powell says, “It gives us a little bit more time to watch what’s going on, watch the things come through the market,

• June 23, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 July Coupon is currently up +19 BPS. Markit Down: The June Markit Flash PMIs showed Manufacturing at 46.3 vs. est. of 48.5 and Services PMI at 54.1.0 vs. est. of 54.0 Not a lot of data this week other than housing news. The week headlined by Jerome Powell’s

• June 22, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 July Coupon is currently down at -23 BPS. Taking it to the House: May Existing Home Sales were 4.30M units on an annualized basis vs. est. of 4.250M. The Talking Fed: Fed Chair Powell completed two days of testimony. This time to the Senate Banking Committee. There were

• June 21, 2023
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• realestatelife

MBS OVERVIEW Domestic Flavor: Taking it to the House: Weekly Mortgage Applications were flat at 0.5%. Refinances were down -2.1% and Purchases were up 1.5%. The Talking Fed: Fed Chair Powell will give his Semiannual Monetary Policy report to the Committee on Financial Services in the House today at 10 am ET. We already have

• June 20, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 July Coupon is currently flat at +2 BPS. Taking it to the House: May Building Permits were higher than expected as the annualized number hit 1.491M vs. est. of 1.423M and a small gain from April’s pace of 1.417M. Housing Starts were a big surprise to the upside,

• June 19, 2023
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• realestatelife

  Achieve the real estate life you want and get the most out of it as Michael Harris takes you on another episode full of tips, resources, and insights on today’s market. Dive into the intricacies of recent Federal Reserve actions, dissecting both their impact and what was left undone. Join us in decoding the

• June 16, 2023
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• realestatelife

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

• June 15, 2023
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• realestatelife

MBS OVERVIEW Our benchmark FNMA MBS 6.00 July Coupon is currently up 34 BPS. Retail Sales: The May headline Retail Sales showed a MOM increase of 0.3% vs. est. of -0.1%. Ex Autos, they were 0.1% which matched expectations and the Control Group was up 0.2% vs. est. of 0.0%. Jobs, Jobs, Jobs: Initial Weekly