• February 4, 2023
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• realestatelife

  Mastering your financial journey is about having the right tools, leveraging knowledge, and steering towards informed decisions. In this episode, our host Michael Harris explores the effects of Fed interest rate hikes and the art of mastering smart borrowing. Michael shares insights that empower you to take control of your financial destiny, from understanding

• February 3, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -16 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Its Big Jobs Friday, and we certainly got much stronger than expected “data” from the BLS.You can read their official release here. Here is the Tale of the Tape: Jobs:

• February 3, 2023
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• realestatelife

U.S. hiring roared back to life in January as the labor market remained surprisingly resilient in the face of higher interest rates, scorching-hot inflation and mounting recession fears. Employers added 517,000 jobs in January, the Labor Department said in its monthly payroll report released Friday, easily topping the 185,000 jobs forecast by Refinitiv economists. It

• February 2, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -21 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The January Challenger Job Cuts Report almost tripled from December, 102,943 vs. 43,651. Initial Weekly Jobless Claims were lower than expected, 183K vs. est. of 200K. The more closely watched

• February 1, 2023
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• realestatelife

The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter of a point, further slowing its aggressive campaign to cool the economy amid growing evidence that stubbornly high inflation is finally starting to ease.  The widely expected move puts the key benchmark federal funds rate at a range of 4.5% to 4.75%,

• February 1, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +37 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The January ADP Employment Report showed 106K job adds which was well below the consensus estimates of 178K and a steep decline from December’s upwardly revised 253K. The December Job

• February 1, 2023
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• realestatelife

Hiring by U.S. companies slowed sharply in January, the latest sign that the historically tight labor market is finally starting to cool off, according to the ADP National Employment Report released Wednesday morning.  Companies added 106,000 jobs last month, missing the 178,000 gain that economists surveyed by Refinitiv had predicted. It marked the worst month for

• January 31, 2023
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• realestatelife

MBS OVERVIEW Jobs, Jobs, Jobs: The 4th QTR Employment Cost Index showed that wages and benefits rose by 1.0% compared to the 3rd QTR which was below estimates of 1.1% and lower that the 3rd QTR gain of 1.2%. Taking it to the House: The November YOY Case Shiller Home Price Index showed housing prices in their

• January 30, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -4 BPS with 60 minutes left to trade. Rosie the Riveter: The regional Dallas Fed Manufacturing Survey just had its 9th straight month of readings below zero, this time it contracted by -8.4 and is yet another data point that confirms

• January 29, 2023
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• realestatelife

  Are you getting the benefits of today’s market? Are you aware of what’s new in today’s economy? In this episode, the President and CEO of United Mortgage Corporation of America, Michael Harris, brings you good economic news and how mortgage rates are starting to go down. He’s closely looking into this economic news because