• November 22, 2023
• no comment
• realestatelife

Rate sheets this morning should be similar to yesterday, maybe a little better in some cases. Most lenders tend to price a bit more conservatively ahead of a holiday, and reprice risk today is moderate because they will be quick to act if bonds lose ground. Mortgage bonds lost a bit of ground on this

• November 21, 2023
• no comment
• realestatelife

Rate sheets this morning may be a little bit better than yesterday, reflecting a small improvement in mortgage bonds. Reprice risk on the day is low, there is no imminent danger to seeing rates move higher from here. The outlook remains that things should be pretty quiet ahead of the holiday, despite tomorrow morning bringing

• November 17, 2023
• no comment
• realestatelife

Market WRAP UP MBS 6.0 99.77 (0bps)10yr yield 4.44 Quiet day as expected, minimal risk to floating into next week but Monday could see some pullback in the AM. Rate sheets should be similar to yesterday, with bonds starting the day out flat. Reprice risk on the day is low, however there seem to be

• November 15, 2023
• no comment
• realestatelife

12/15/23 WRAP UP UMBS 6.0 99.31 (-23bps)10yr yield 4.54 Once the initial activity was over, the day was a snoozefest. It’s likely we see some bouncing around from here, but not any definite moves higher or lower for rates. Loans with time could see improvement after Thanksgiving, with December data and the Fed meeting though,

• November 14, 2023
• no comment
• realestatelife

UMBS 6.0 99.58 (+93bps)10yr yield 4.45 Bond held the gains all day, mortgage bonds still above the 100-day moving average… a very clear signal that markets think the Fed rate hikes are over. Very little risk to most loans floating into tomorrow, and we could see rate sheets continue to improve with more of the

• November 13, 2023
• no comment
• realestatelife

Rate sheets this morning will continue to see rates creeping higher, and reprice risk is moderate on the day. Rates look likely to move higher this week, unless we get help from inflation data and retail sales data. Talk of how a change in the way health insurance costs are tabulated for the CPI inflation

• November 12, 2023
• no comment
• realestatelife

  We have to learn to embrace financial changes and take advantage of opportunities that arise from lower interest rates. This episode discusses financial decisions, such as real estate, lending, and debt management in this episode. Join us as we uncover the hidden implications behind mortgage rates shifting amidst a softer tone from the Federal

• November 10, 2023
• no comment
• realestatelife

UMBS 6.0 98.61 (-3bps)10yr yield 4.62 Mortgage bonds recovered, limiting reprice damage. Still seeing rates creep away from best levels, and supporting the idea to lock for protection. We just can’t know what the CPI data will bring next week, forecasts be damned, and only loans willing to risk waking up to a jump in

• November 9, 2023
• no comment
• realestatelife

11/09/23 WRAP UPUMBS 6.0 98.69 (-58bps)10yr yield 4.63 Rates were hurt today because the 10yr bond auction went poorly, and Powell’s comments today that the Fed will move carefully but won’t hesitate to raise rates further to curb inflation. This could trigger rates to creep higher, so consider locking some loans, especially if haven’t seen

• November 8, 2023
• no comment
• realestatelife

Rate sheets this morning likely the same as yesterday’s AM rate sheets but worse than any reprices better (if you are one of the handful who saw one). Reprice risk on the day is moderate, although there isn’t any relevant economic data coming out today we do have a bunch of Fed members out speaking,