• 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

• April 28, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +24 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The quarterly release of the Employment Cost Index for the 1st QTR showed a solid gain of 1.2% vs. est. of 1.1%. Inflation Nation: March headline PCE showed a MOM

• April 27, 2023
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• realestatelife

Federal Reserve expected to raise rates another 25 basis points next week The U.S. economy rose 1.1% in the first quarter, falling short of estimates, in a sign that a slowdown is underway.  It is also a big pullback from the fourth quarter’s 2.6% rise and the third quarter’s 3.2% increase, according to the final estimate

• April 27, 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. Taking it to the House: The March Pending Home Sales Index contracted by -5.2% vs. est. of +0.5% Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected, 230K vs. est. of

• April 26, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -22 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications edged up 3.7%. Purchases led the way with a 4.6% gain. Refinances were flat at 1.7% Rosie the Riveter: The March Headline Durable Goods Orders

• April 25, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +18 BPS with 60 minutes left to trade. Taking it to the House: March New Home Sales were much stronger than expected, hitting 683K on an annualized basis vs. est. of 634K and a nice jump from the Fed pace of

• April 24, 2023
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• realestatelife

MBS OVERVIEW Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) LLPA, 2) Inflation Nation and 3) GDP 1) LLPA: Loan Level Pricing Adjustments are now a form of social engineering and will have a big impact on how mortgage rates are calculated, Bryan

• April 22, 2023
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• realestatelife

  To achieve financial empowerment, start by understanding how to manage loans, decipher interest rates, and pave your way towards financial freedom. In this episode, we discuss real estate, loans, and financial empowerment. Discover the secrets behind mortgages, interest rates, and the details of home financing. Our host, Michael Harris, shares his two-pronged approach: it’s

• April 21, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -3 BPS with 60 minutes left to trade. Rosie the Riveter: April Flash S&P Marit PMIs were stronger than expected. The Manufacturing PMI was 50.4 vs. est. of 49.0 and the Services PMI were 53.7 vs. est. of 51.5 The 10