• June 19, 2023
• no comment
• 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
• no comment
• 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
• no comment
• 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

• June 14, 2023
• no comment
• realestatelife

MBS OVERVIEW 3:30 EST – Our benchmark FNMA MBS 6.00 July Coupon is down -21 BPS with 90 minutes left to trade. The Talking Fed: The FOMC “paused” their path of raising their Fed Funds Rate and kept it at 5.25% but signaled future hikes ahead, making this a “hawkish pause”. You can read the

• June 14, 2023
• no comment
• realestatelife

MBS OVERVIEW Taking it to the House: We saw a nice bounce in Weekly Mortgage Applications after several weeks of declines. Total Applications were up 7.2% with Purchases up 7.6% and Refinances up 6.0% Inflation Nation: The May Headline Producer Price Index (PPI) showed a MOM contraction of -0.3% vs. est. of -0.1%. YOY, it

• June 13, 2023
• no comment
• realestatelife

MBS OVERVIEW 4:40 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -19 BPS with 60 minutes left to trade. Inflation Nation: Is inflation cooling? No. Is it worse than expected? No. The Headline May CPI MOM reading showed yet another increase, this time by 0.1% vs. est. of 0.2%. YOY, CPI was

• June 12, 2023
• no comment
• realestatelife

MBS OVERVIEW 3:30 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +14 BPS with 90 minutes left to trade. Treasury Dump: We had two auctions today. The 3 year note saw $40B go off at a high yield of 4.202% and a bid-to-cover ratio of 2.70. The 10 year note saw $32B

• June 10, 2023
• no comment
• realestatelife

  Always keep an eye on your personal finances. Never let it surprise you, and make sure it is working to your advantage at all times. Michael Harris talks about how married couples can properly set up their finances, why you only need a checking and savings account, and the right way to have debt

• June 9, 2023
• no comment
• realestatelife

MBS OVERVIEW There are no domestic events today MBS prices improved from 9:30 am ET levels, the 10 still higher but 2 bps lower than 9:30 am at 3.74%. There were data points today. Markets looking toward next week with FOMC on Wednesday and inflation data with may CPI and PPI released on Tuesday and

• June 8, 2023
• no comment
• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +26 BPS with 60 minutes left to trade. Domestic Flavor: Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were higher than expected, up 261K vs. est. of 235K. The more closely watched 4 week moving average inched upward to 237K. Continuing Claims