• October 25, 2023
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• realestatelife

Rate sheets this morning waving goodbye to yesterday’s gains, as mortgage bonds start out underwater and the 10yr Treasury yield starts reaching for 5% again. Reprice risk on the day is moderate, mortgage bonds are already deep in trouble and we shouldn’t see them get worse, yet it wouldn’t be the first time that bad

• October 24, 2023
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• realestatelife

Rate sheets this morning should be better than yesterday’s AM rate sheets, and similar to the many reprices better that we saw yesterday afternoon. Although mortgage bonds started out with some big losses this morning in overnight trading, by the time pricing comes out we should see most of the losses recovered. Bonds are volatile

• October 23, 2023
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• realestatelife

WRAP UPUMBS 6.0: 96.97 (+28bps)UMBS 6.5: 99.11 (+22bps)10yr yield 4.85 Surprising late morning rally turned a brutal morning for bonds around, helping rates drop a bit as most lenders repriced better. Current volatility makes it risky to consider floating here, what will happen tomorrow is simply anyone’s guess… and it IS a guess. Lock according

• October 23, 2023
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• realestatelife

  The interest rates have gone up. That’s one of the biggest things we see in the market today. In this episode, Michael Harris talks about your situation during the headwinds and unsustainable trends in today’s market. Looking at the market’s headwinds, Michael sees that utilizing the principles of money advances your agenda faster. He

• October 20, 2023
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• realestatelife

WRAP UPUMBS 6.0: 96.66 (+16bps)10yr yield 4.92 Was nice to catch a break for a day, but floating into Monday hoping it continues is very risky. Next week doesn’t bring a lot of data other than Friday’s PCE inflation data. Still, markets are 100% convinced the Fed will NOT hike at the next meeting, so

• October 19, 2023
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• realestatelife

Rate sheets continuing to worsen today, and with lots of Fed speakers we could see reprice risk as the day goes on. Although cautiously floating to start the day is ok, I’ve given up on rates rebounding after the vicious jump we’ve seen in the last week and instead it looks like we will continue

• October 18, 2023
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• realestatelife

Rate sheets will continue to see rates creep higher this morning, although reprice risk on the day is low. Yesterday was a brutal day for rates, pushing them to new limits and laughing at my statement that it looked like we had peaked. Although some of the underlying variables didn’t change, and even though the

• October 17, 2023
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• realestatelife

10/17/23 4:47pm ETWRAP UPUMBS 6.0: 97.11 (-58bps)10yr yield 4.84 Bonds didn’t rebound today, which would have been a better sign. It’s still likely we see rates fall back a bit from here, however they could creep higher before that happens. I still think we are close to peak rates, but it wouldn’t be the first

• October 16, 2023
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• realestatelife

WRAP UPUMBS 6.0: 97.78 (-36bps)10yr yield 4.70Rates moved higher today, and bonds couldn’t improve. Tomorrow AM we get retail sales data, which could help pricing rebound if it shows any kind of slowdown but will hurt AM rate sheets if it shows more strength. I’d still risk floating, especially loans closing November and later, even

• October 14, 2023
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• realestatelife

  Your real estate life isn’t always about your rate. It’s about where you’re paying it and how it’s set up. In this episode, Michael Harris talks about how to build a better path to retiring your debt sooner. Michael can give you the ability to save money and pay it off sooner. So join