January 24, 2023 – Economic News

  • January 24, 2023
  • no comment
  • realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +18 with 60 minutes left to trade. Rosie the Riveter: The preliminary Markit Manufacturing PMI was better than expected (46.8 vs. est. of 46.1) but still well below 50. Same story with Services, 46.6 vs. est. of 44.5. Richmond Fed Manufacturing

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January 2023 – Economic News Afternoon

  • January 23, 2023
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  • realestate

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -9 BPS with 60 minutes left to trade. There were no domestic events today. On Deck for Tomorrow: Richmond Fed Manufacturing, 2 year Treasury note auction. Check the main page for Bryan’s video break down SIGMA RESEARCH, INC. THE SHIRMEYER REPORT

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January 23, 2023 – Economic News Morning

  • January 23, 2023
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  • realestate

MBS OVERVIEW Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) Inflation Nation, 2) Central Bank Palooza and 3) GDP 1) Inflation Nation: We get the Fed’s key inflation gauge on Friday with PCE as well as Personal Incomes and Spending. Will this follow

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Market Update | 10-07-22

  • October 7, 2022
  • no comment
  • realestate

Jobs, Jobs, Jobs: Its Big Jobs Friday! You can read the official BLS release here. Here is the Tale of the Tape: Jobs: September Non Farm Payrolls (NFP) increased by 263K vs. est. of 250K August NFP remained at 315K July NFP revised from 526K upward to 537K The rolling 3 month moving average is

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August 9, 2023 – Rate Commentary

  • August 9, 2023
  • no comment
  • realestate

WRAP UPUMBS 5.5: 99.08 (+11bps)10yr yield: 4.01CPI data at 8:30am ET tomorrow. Markets expect higher number than June, so unless MUCH higher I don’t think way we will see too much of a negative response but there is definitely a possibility. If shelter costs and core CPI show more improvement than expected we could see

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August 8, 2023 – Rate Commentary

  • August 8, 2023
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  • realestate

WRAP UPUMBS 5.5: 98.73 (-16bps)10yr yield: 4.03 Mtg bonds bouncing around through the day, but not enough to see lenders reprice worse. Not a lot of risk floating into tomorrow. Rates sheets this morning will improve, and reprice risk on the day is low. Bonds here and abroad got a big boost overnight from soft

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US economy adds 943,000 jobs in July, unemployment falls to 5.4%

  • August 6, 2021
  • no comment
  • realestate

Nonfarm payrolls increased by 943,000 workers in July as the unemployment rate fell to 5.4%, the Labor Department said Friday. Analysts were expecting 870,000 jobs gained and the unemployment rate to fall to 5.7%.

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Employment rate unchanged at 3.7%

  • September 6, 2019
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  • realestate

U.S. creates just 130,000 new jobs in August, keeping Fed on track to cut rates The economy created just 130,000 new jobs in August, offering more evidence that hiring has slowed in 2019. Most Americans who want a job can find one, however, and the 3.7% unemployment rate is near a 50-year low.   The

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