• August 22, 2023
• no comment
• realestatelife

WRAP UPUMBS 6.0: 99.05 (-3bps)10yr yield: 4.33 Bonds improved a bit through the day, and a handful of lenders improved pricing from this morning. However, this is far from anything to get overly excited about, as most rate sheets are still trending worse… just at a slower pace. Advice remains to lock all loans, even

• August 21, 2023
• no comment
• realestatelife

WRAP UPUMBS 6.0: 99.08 (-34bps)10yr yield: 4.34 When the bleeding stops, rates will hold these higher levels, not move lower again. Until that happens, we will continue to see rates move higher as markets adjust to this “new normal” of a strong economy and labor market with declining inflation. Consumer credit is driving the economy,

• August 18, 2023
• no comment
• realestatelife

WRAP UPUMBS 5.5: 97.58 (-16bps)10yr yield: 4.29 Bonds clawing back some gains after hitting the worst levels of the day and triggering some reprices worse, but nothing to be excited about. The outlook remains that we will see rates move higher, and the advice remains to lock. Rate sheets likely to be similar to yesterday,

• August 18, 2023
• no comment
• realestatelife

  Get ready for an enlightening episode that could transform your financial journey! Join Michael Harris as he explores the world of responsible money management and smart mortgage choices, from the lens of his over 37 years of experience in the industry. Whether you’re just stepping into homeownership, looking to invest, or seeking to optimize

• August 17, 2023
• no comment
• realestatelife

WRAP UPUMBS 5.5: 97.58 (-16bps)10yr yield: 4.29 Bonds clawing back some gains after hitting the worst levels of the day and triggering some reprices worse, but nothing to be excited about. The outlook remains that we will see rates move higher, and the advice remains to lock. Rate sheets will continue to lose ground this

• August 16, 2023
• no comment
• realestatelife

WRAP UPUMBS 5.5: 97.71 (-20bps)10yr yield: 4.26 Rates continue to levels not seen since the aughts, and there is no real reason to expect that to stop in the near future. Lots of reprices worse today as bonds lost ground through the afternoon, not to be blamed on the Fed mtg minutes (which were no

• August 15, 2023
• no comment
• realestatelife

Rate sheets this morning should be similar to yesterday as bonds gain back lost ground from earlier this morning. Reprice risk on the day is moderate, we could see more volatility and if bonds do lose ground lenders may be quick to consider repricing worse. The outlook remains that rates are close to peaking, but

• August 14, 2023
• no comment
• realestatelife

WRAP UPUMBS 5.5: 98.00 (-36bps)10yr yield: 4.20 Mortgage bonds improved through the afternoon, only to give back all the gains. Lenders that repriced better may reprice worse again before day’s end. Rates look likely to creep higher from here, reaching 2023 highs and maybe matching the worst rates we saw last October. They will fall

• August 14, 2023
• no comment
• realestatelife

  Inflation is looking a lot better, but that doesn’t mean we’re truly out of the woods. While inflation rises lower than expected in July, we still need to put our best foot forward to combat this inflationary environment and its effects. Michael Harris guides you with the perfect financial GPS to help you plan

• August 11, 2023
• no comment
• realestatelife

Rate sheets are going to be much worse today than yesterday’s AM pricing, and worse than any reprices you saw yesterday as bonds continue to tank. Reprice risk on the day today is moderate, bonds are already taking big losses, but we could see another bout of snowball selling where bad turns to worse. Bonds