• May 21, 2023
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• realestatelife

  Why go through the rough roads when you can painlessly go to the right destination in the most efficient way possible using the roads already paved by those who have gone before you? Michael Harris is the person who can help you avoid the same problems by navigating the way with the perfect financial

• May 19, 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. There were no economic releases today. The Talking Fed: Fed Chair Powell talked out of both sides of his mouth today, giving fuel to those that expect a pause and to those that

• May 18, 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. Taking it to the House: April Existing Home Sales hit 4.28M units on an annualized basis which was very close to expectations of 4.3M. The median existing-home price for all housing types in

• May 17, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +11 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications dropped by -5.7%. Refinances tanked by -7.7% and Purchases fell by -4.8%. April Building Permits were 1.416M units on an annualized basis, vs. est. of

• May 16, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -10 BPS with 60 minutes left to trade. Retail Sales: The April Headline Retail Sales data showed only a 0.4% MOM increase vs. est. of 0.7%. Ex- Autos, it was up 0.4% which matched expectations. The strength of the report came

• May 15, 2023
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• realestatelife

Americans racked up more debt at the beginning of 2023 – and a growing number of households fell behind on payments for several types of loans, according to a New York Federal Reserve report published Monday. In the first three months of 2023, total household debt surged to a fresh record of $17.05 million, an

• May 15, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +1 BPS with 60 minutes left to trade. Rosie the Riveter: After a surprise gain in April, the May Empire State Manufacturing Index dropped to its worst level (excluding the COVID shutdown). It dropped from +10.8 in April down to -31.8

• May 13, 2023
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• realestatelife

  Inflation rates continue to ease, but that doesn’t mean you should rest on your laurels. Michael Harris is here to remind you to never stop working on eliminating debt and saving more for your sake. In this episode, he talks about attacking the interest of volume, how to stay updated with daily economic news,

• May 12, 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. Consumer Sentiment: The preliminary May UofM Consumer Sentiment Index tanked down to 57.7 from 63.5 in April. Their 5 year inflation expectations jumped from 3.0% to 3.2% and 1 year from 4.5% to

• May 11, 2023
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• realestatelife

MBS OVERVIEW 4:30 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +23 BPS with 30 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were higher than expected, 264K vs. est. of 245K. The more closely watched 4 week moving average increased to 245,250. Continuing Claims remained above the important