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Saturday’s: 9AM
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Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 6:30AM
K-EARTH 101 FM
An inflation gauge closely watched by the Federal Reserve showed signs of slowing in December, but it still remained abnormally high, according to new data released Friday. The Personal Consumption Expenditures (PCE) index showed that consumer prices rose 0.1% from the previous month and rose 5% on an annual basis, according to the Bureau of
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +9 BPS with 60 minutes left to trade. Taking it to the House: December Pending Home Sales Index rose by 2.5% vs. est. of a decline of -1.0% Inflation Nation: December headline PCE increased by 0.1% on a MOM basis, the
READ MOREThe U.S. economy ended 2022 on solid footing, but momentum seems to have cooled slightly as consumers confront the dual threat of stubbornly high inflation and rising interest rates. Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 2.9% on an annualized basis in the three-month period from October through
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +12 with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications were up for the 2nd straight week. This time by 7.0%. Refinances were up 14.6% and Purchases were up 3.4% Treasury Dump: We had a record
READ MOREMBS 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
READ MOREMBS 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
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -13 BPS with 60 minutes left to trade. Taking it to the House: December Existing Home Sales were a little better than expected, 4.02M units on an annualized basis vs. est. of 3.96M and not far off November’s pace of 4.08M Jobs, Jobs,
READ MOREMBS 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:
READ MOREMortgage rates may head toward 8.5% if they break through the 7% threshold they’re on the verge of now, according to the chief economist of the National Association of Realtors. That possibility is based on a technical analysis of mortgage rates from NAR’s Lawrence Yun, who studied key levels of resistance that borrowing costs will
READ MOREWRAP 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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