• January 19, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +1 BPS with 60 minutes left to trade. Taking it to the House: December Building Permits had an annualized pace of 1.330M vs. est. of 1.370M. But Housing Starts were 1.382M vs. est. of 1.359M…so a mixed bag there. Jobs, Jobs,

• January 18, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +25 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications shot up by 27.9%. Refinances rocketed up by 34.2% and Purchases were up 24.7%. The January NAHB Index came in at 35 instead of 31

• January 17, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -12 BPS with 60 minutes left to trade. Rosie the Riveter: The January NY Empire Manufacturing Index absolutely cratered, falling to an unheard of -32.9 vs. est. of -4.5 On Deck For Tomorrow: Bank of Japan Interest Rate Decision, Retail Sales, Producer Price Index,

• January 17, 2023
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The U.S. House of Representatives is bracing for a bitter struggle over the federal debt ceiling. While the issue is usually one of political theater that tends to be resolved before the country shoots itself in the foot with a voluntary default, things may turn out a little differently this time. Toughness on spending plans

• January 16, 2023
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• realestatelife

  Inflation rates are declining! This is a welcome sign for those of us who have been waiting for better days in today’s inflationary environment. But more than this, let us explore what a declining interest rate means in various areas of our real estate journey. In this episode, Michael Harris dissects the recent economic

• January 13, 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. Genco Olive Oil: December Import Prices were higher than expected and signal future inflationary pressure. MOM, they were up 0.4% vs. est. of -0.8% and YOY they were up 3.5% vs. est. of

• January 12, 2023
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• realestatelife

Inflation continued to cool in December, the latest sign that painfully high consumer prices are finally beginning to loosen their stranglehold on the U.S. economy. The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, fell 0.1% in December from the

• January 12, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +24 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lighter than expected, 205K vs. est. of 215K. The more closely watched 4 week moving average dropped to 212.5K. Continuing Claims were 1.634M vs. est.

• January 11, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +11 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications rose by 1.2% thanks to a big gain of 5.1% in Refinance Applications. Purchase Applications were basically flat at -0.5% The Talking Fed:

• January 10, 2023
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• realestatelife

MBS OVERVIEW 3:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is down -11 BPS with 120 minutes left to trade. The Talking Fed: Fed Chair Powell spoke about the independent role of Central Banks today at 9 am but did not address Fed economic policy, rates, etc. Optimism? The December NFIB Small Business