January 4, 2023 – Economic News

  • January 4, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is up +30 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The November Job Openings and Labor TurnOver Survey (JOLTS) showed 10.458M unfilled jobs vs. est. of 10.0M and October was revised higher to 10.512M. The key take-a-way here is that

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U.S. manfacturing sector contracts for second straight month in December – ISM

  • January 4, 2023
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Read More… U.S. manfacturing sector contracts for second straight month in December – ISM

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January 3, 2023 – Economic News

  • January 3, 2023
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Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) Geopolitical, 2) Jobs, Jobs, Jobs and 3) The Talking Fed 1) Jobs, Jobs, Jobs: We have Big Jobs Friday this week with Non Farm Payrolls, the Unemployment Rate and most importantly, Average Hourly Earnings. Throughout

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December 30, 2022 – Economic News

  • December 30, 2022
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Rosie the Riveter: The December Chicago PMI hit 44.9 vs. est. of 41.2. While this is still very much in contractionary territory, its a big move upward from Novembers reading of 37.2 Intra-Day Lock Status Video: ***The bond market will close EARLY today at 2 pm ET and will not reopen until Tuesday***In today’s video

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We’re in the second biggest home price correction of the post-WWII era—here’s the latest data

  • January 3, 2023
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Speaking to reporters in September, Fed Chair Jerome Powell made it clear that going forward the U.S. housing market would get “reset” by a “difficult correction.” “Houses were going up at an unsustainable fast level. So the deceleration in housing prices that we’re seeing should help to bring prices more closely in line with rents

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January 10, 2023 – Economic News

  • January 10, 2023
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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

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Homeowner Equity Gains

  • December 28, 2022
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Homeowners Still Have Positive Equity Gains over the Past 12 Months If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your

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December 23, 2022 – Economic News

  • December 23, 2022
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Inflation Nation: We have a mixed bag of inflationary data today. Headline PCE YOY was hotter than expected, 5.5% vs. est. of 5.3%, plus October was revised higher to 6.1%. MOM, PCE was much less than expected, up only 0.1% vs. est. of 0.3% however some of that miss is due to an upper revision

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December 22, 2022 – Economic News

  • December 22, 2022
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Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower (better) than expected, 216K vs. est. of 222K. The more closely watched 4 week moving average moved down to 222K. Continuing Claims were 1.672M vs. est. of 1.683M. Rainbows and Unicorns: We got the 3rd release of the 3rd QTR GDP and it continues to be

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December 21, 2022 – Economic News

  • December 21, 2022
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  • realestatelife

Taking it to the House: Weekly Mortgage Applications eked out a small gain of 0.9%. Purchase Applications were down -0.1% and Refinance Applications were up a strong 6.0%. November Existing Home Sales were lighter than expected with 4.09M units at an annualized pace vs. est. of 4.20M and a steep drop from October’s pace of

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