• May 9, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -4 BPS with 60 minutes left to trade. Domestic Flavor: We had a very light day for economic data (again). The Talking Fed: NY Fed President John Willams spoke at the Economic Club of New York that “We haven’t said we

• May 8, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -12 BPS with 60 minutes left to trade. Domestic Flavor: We had a very light day for economic data. Inflation Nation: The NY Fed published the results of its April Survey of Consumer Expectations, which found that while inflation expectations at

• May 7, 2023
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• realestatelife

The Federal Housing Finance Agency (FHFA) has updated Loan Level Price Adjustments (LLPAs), which are risk assessment fees implemented in the underwriting process before loans are packaged and delivered to Fannie Mae and Freddie Mac. These government Enterprises guarantee most mortgages in the United States, and the changes (announced in January) went into effect May

• May 7, 2023
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• realestatelife

  Fed goes on rate hikes for the tenth time. What you must do about it to get out of debt and create massive wealth? Michel Harries talks about economic and market headlines you must keep an eye on to maintain a financially secure life. He also underlines the importance of simple interest, the power

• May 5, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -9 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: It’s Big Jobs Friday! You can read the official BLS release here. Here is the Tale of the Tape: Jobs: April Non Farm Payrolls (NFP) were 253K vs. est. of

• May 4, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -14 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The April Challenger Job Cuts showed 66,995 corporate announced cuts vs. March’s pace of 89,703. Initial Weekly Jobless Claims were inline with estimates, 242K vs. 240K. The more closely watched

• May 3, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +20 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The April ADP Employment Change was much better than expected showing 296K job additions vs. est. of only 148K Taking it to the House: Weekly Mortgage Applications edged lower by

• May 2, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +40 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: March Job Openings and Labor Turnover Survey (JOLTS) showed 9.590M unfilled jobs which was lower than expectations of 9.775M. The Quits rate was 2.5%. Overall, a solid report but lower

• May 1, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -28 BPS with 60 minutes left to trade. Rosie the Riveter: The April ISM Manufacturing PMI continues to show manufacturing contraction with readings below 50, this time 47.1 but that a lil better than expectations of 45.5. Prices Paid jumped up

• April 29, 2023
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• realestatelife

  Financial empowerment isn’t just about loans; it’s understanding the game, playing it right, and hitting that bullseye of financial stability. In this episode, we will discuss managing your finances, giving you important information to make smart decisions and secure your financial future. Our host, Michael Harris, the President and CEO of United Mortgage Corporation