• June 10, 2023
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• realestatelife

  Always keep an eye on your personal finances. Never let it surprise you, and make sure it is working to your advantage at all times. Michael Harris talks about how married couples can properly set up their finances, why you only need a checking and savings account, and the right way to have debt

• June 9, 2023
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• realestatelife

MBS OVERVIEW There are no domestic events today MBS prices improved from 9:30 am ET levels, the 10 still higher but 2 bps lower than 9:30 am at 3.74%. There were data points today. Markets looking toward next week with FOMC on Wednesday and inflation data with may CPI and PPI released on Tuesday and

• June 8, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +26 BPS with 60 minutes left to trade. Domestic Flavor: Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were higher than expected, up 261K vs. est. of 235K. The more closely watched 4 week moving average inched upward to 237K. Continuing Claims

• June 7, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -21 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications fell by only -1.4%. Purchases were down -1.7% and Refinances were flat at -0.7%. Trade Balance: The April Goods and Services Trade Balance was $-74.6B

• June 6, 2023
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• realestatelife

MBS OVERVIEW 4:00 pm EST – Our benchmark FNMA MBS 6.00 June Coupon is up +6 BPS with 60 minutes left to trade. Optimism?: The June IBD/TIPP Economic Optimism Survey came in at 41.7 vs May’s level of 41.6, so it remains extremely low. The expectations were for 45.2 Central Bank Palooza: The Reserve Bank

• June 5, 2023
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• realestatelife

MBS OVERVIEW 4:00 pm EST – Our benchmark FNMA MBS 6.00 June Coupon is down -15 BPS with 60 minutes left to trade. Domestic Flavor: Rosie the Riveter: April Factory Orders were lighter than expected, 0.4% vs est of 0.5% and more than half of March’s pace of 0.9%. Services: The May national ISM Non

• June 4, 2023
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• realestatelife

  The month of May ends with rate relief. What do you need to know to gear up for the future? Michael Harris is here to discuss how to navigate everything going on with inflation, the proposed bill aimed to fix the debt ceiling, and the right way to handle the rising FED rates. He

• June 2, 2023
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• realestatelife

MBS OVERVIEW 3:30 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -25 BPS with 90 minutes left to trade. Jobs, Jobs, Jobs: Its Big Jobs Friday and we got a mixed bag of data. You can read the official BLS release here. Here is the Tale of the Tape: Jobs: May Non

• June 1, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +20 BPS with 60 minutes left to trade. Domestic Flavor: Rosie the Riveter: The 1st QTR Non Farm Productivity was revised higher vs its original release, -2.1% vs -2.7%. Unit Labor Costs were revised downward materially, from 6.3% down to 4.2%.

• May 31, 2023
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• realestatelife

MBS OVERVIEW ​ 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +42 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications fell again, this time by -3.7%. Refinances were down -6.9% and Purchases were down by -2.5%. Rosie the Riveter: The May Chicago