March 23, 2023 – Economic News

  • March 23, 2023
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  • realestatelife

MBS OVERVIEW Taking to the House: February New Home Sales hit 640K on annualized basis vs. est. of 650K. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lighter than expected, 191K vs. est. of 201K. The more closely watched 4 week moving average dropped to 196,250. Continuing Claims were higher than the prior month but lower than

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March 22, 2023 – Economic News

  • March 22, 2023
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  • realestatelife

Your PM Lock Commentary has just been posted.For a full breakdown of today’s analysis: MBS OVERVIEW Taking to the House: Weekly Mortgage Applications improved again. This time by 3.0%. Refinances were up by 4.9% and Purchases were up by 2.2% The Talking Fed: Today at 2 pm ET we get the Federal Reserve’s latest interest rate decision

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March 21, 2023 – Economic News

  • March 21, 2023
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  • realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -17 BPS with 60 minutes left to trade. Taking to the House: The February Annualized Pace of Existing Home Sales hit 4.58M units vs. est. of 4.20M Treasury Dump: We had a 20 year Treasury bond auction today at 1 pm. $12B went off

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March 20, 2023 – Economic News

  • March 20, 2023
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  • realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -7 BPS with 60 minutes left to trade. There were no economic events today. On Deck for Tomorrow: FOMC starts two days of meetings, Existing Home Sales and a 20Y Treasury bond auction. Interest rates increased today, although well anchored in

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March 17, 2023 – Economic News

  • March 17, 2023
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  • realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +10 BPS with 60 minutes left to trade. Rosie the Riveter: February Industrial Production was weaker than estimates, flat at 0.0% vs. est. of 0.2% but January was revised higher from 0.0% to 0.3%. Capacity Utilization was 78.0% vs. est. of

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March 16, 2023 – Economic News

  • March 16, 2023
  • no comment
  • realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -27 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected and returned to its trend of sub-200K with 192K vs. est. of 205K. The more closely watched 4 week moving average dropped

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March 15, 2023 – Economic News

  • March 15, 2023
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  • realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +35 BPS with 60 minutes left to trade. Inflation Nation: February headline Producer Prices (PPI) decreased by -0.1% vs. est. of +0.3% on a MOM basis and came in at 4.6% vs. est. of 5.4% on a YOY basis, both were

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Inflation rose 0.4% in February as prices remain stubbornly high

  • March 14, 2023
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  • realestatelife

Inflation remained uncomfortably high in February, although it has cooled slightly from a peak notched in 2022. The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in February from the previous month. Prices climbed 6% on an annual

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March 14, 2023 – Economic News

  • March 14, 2023
  • no comment
  • realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -4 BPS with 60 minutes left to trade. Inflation Nation: February headline Consumer Prices (CPI) increased by 0.4% on a MOM basis and 6.00% on a YOY basis, both matched market expectations. Core (ex food and energy) was a smidge hotter

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March 13, 2023 – Economic News

  • March 13, 2023
  • no comment
  • realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +38 BPS with 60 minutes left to trade. There were no economic events today. The Running Man: The bond market continues to benefit from concern over the stability of the financial banking system as Silicon Valley Bank and now Signature Bank

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