• August 10, 2023
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• realestatelife

WRAP UPUMBS 5.5: 98.50 (-58bps)10yr yield: 4.11 What should have been a quiet day got out of hand quick, with lots of lenders repricing worse (and some twice) Great example today of bond selling triggering more selling… and it wasn’t due to the CPI data, or really much else to point a finger at. Very

• August 9, 2023
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• realestatelife

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

• August 8, 2023
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• realestatelife

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

• August 7, 2023
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• realestatelife

WRAP UP UMBS 5.5: 98.89 (-18bps) 10yr yield: 4.10 Quiet day, not a lot of risk floating into tomorrow although pricing could slip a little bit. Rates sheets this morning should be better than Friday’s AM rate sheets but likely worse than any reprices better, at least to start the day. Bonds woke up to

• August 6, 2023
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• realestatelife

  Are you tired of financial roadblocks, lost in the maze of mortgages and interest rates? Do you want to be debt-free sooner? Join us on the latest episode of Your Real Estate Life with the dynamic Michael Harris, where we’re decoding the secrets to supercharging your financial future! In this episode, Mike reveals powerful

• August 5, 2023
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• realestatelife

  We are seeing the Fed hike rates as our fight against inflation resumes. With that, rates have been the highest we have seen in many years. The Fed resumes by going up another quarter after taking a hiatus. However, home loan rates remain steady. What does this mean for you? Tune in to this

• August 4, 2023
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• realestatelife

Rates sheets this morning poised to be about the same as yesterday, unless we see more volatility this morning before lenders set pricing. If the current gains hold we could see slightly better rate sheets, but nothing to get too excited about. One the morning drama plays out reprice risk on the day should be

• August 3, 2023
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• realestatelife

WRAP UP UMBS 5.5: 98.28 (-41bps)10yr yield: 4.18 Tomorrow brings jobs data at 8:30am ET, before rate sheets. Data showing a softening labor market would help bonds improve, but rates don’t have much room to go lower. If the data is not well received by markets, bonds are going to sell off to new terrible

• August 2, 2023
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• realestatelife

Afternoon WRAP UPUMBS 5.5: 98.69 (-17bps)10yr yield: 4.09 Although bonds are well off the worst levels of the day, nothing really points to potential for improvement. Rates still look poised to hit new highs for the year, and unless a surprisingly weak labor reading comes in on Friday we don’t have anything on the horizon

• August 1, 2023
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• realestatelife

08/01/23 4:47pm ET WRAP UPUMBS 5.5: 98.86 (-39bps) 10yr yield: 4.04 No improvement today, leaving the door open for things to get worse. Risks favor locking, little reason to believe that we will see rates move lower. If Friday’s jobs data shows softening to the labor market, we could see rates fall back again… but