• June 4, 2023
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• realestatelife

  The month of May ends with rate relief. What do you need to know to gear up for the future? Michael Harris is here to discuss how to navigate everything going on with inflation, the proposed bill aimed to fix the debt ceiling, and the right way to handle the rising FED rates. He

• June 2, 2023
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• realestatelife

MBS OVERVIEW 3:30 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -25 BPS with 90 minutes left to trade. Jobs, Jobs, Jobs: Its Big Jobs Friday and we got a mixed bag of data. You can read the official BLS release here. Here is the Tale of the Tape: Jobs: May Non

• June 1, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +20 BPS with 60 minutes left to trade. Domestic Flavor: Rosie the Riveter: The 1st QTR Non Farm Productivity was revised higher vs its original release, -2.1% vs -2.7%. Unit Labor Costs were revised downward materially, from 6.3% down to 4.2%.

• May 31, 2023
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• realestatelife

MBS OVERVIEW ​ 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +42 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications fell again, this time by -3.7%. Refinances were down -6.9% and Purchases were down by -2.5%. Rosie the Riveter: The May Chicago

• May 30, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +49 BPS with 60 minutes left to trade. Taking it to the House: The March FHFA Housing Price Index showed a MOM gain of 0.6% which was much stronger than expected 0.2%. The March Case Shiller Metro City Index, showed a

• May 29, 2023
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• realestatelife

  It’s Memorial Day weekend. To those in uniform serving and those who have served in the past, you may want to think about saving money and using that money for proper use, whether it’s for you or those you care about. Michael Harris is here to help you keep the money you worked hard

• May 26, 2023
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• realestatelife

MBS OVERVIEW Rosie the Riveter: April Headline Durable Good Orders were up 1.1% vs. est. of -1.0%. Ex Transportation, they were down -0.2% vs. est. of -0.1%. Non-Defense Capital Goods Orders Ex-Aircraft was up 1.4% vs. est. of -0.2%. Inflation Nation: The Fed’s Key measure of Inflation, Core PCE (which is PCE ex food and

• May 25, 2023
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• realestatelife

MBS OVERVIEW Taking it to the House: The April Pending Home Sales Index (which is only an estimate and not actually a sum of all contracts signed but not yet closed) was flat at 0.0% vs. est. of 1.0%. March was -5.2% Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were only 229K vs. est. of

• May 24, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -17 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications fell again, this time down -4.6%. Refinances were down -5.4% and Purchases were down -4.3% The Talking Fed: We got the Minutes from

• May 22, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +9 BPS with 60 minutes left to trade. Rosie the Riveter: The May Richmond Fed Manufacturing Index contracted again with a reading of -15 vs. est. of -10. The May Markit Manufacturing PMI cratered, contracting at 48.5 vs. April’s expansionary reading