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Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +49 BPS with 60 minutes left to trade. Taking it to the House: The March FHFA Housing Price Index showed a MOM gain of 0.6% which was much stronger than expected 0.2%. The March Case Shiller Metro City Index, showed a
READ MOREIt’s Memorial Day weekend. To those in uniform serving and those who have served in the past, you may want to think about saving money and using that money for proper use, whether it’s for you or those you care about. Michael Harris is here to help you keep the money you worked hard
READ MOREMBS OVERVIEW Rosie the Riveter: April Headline Durable Good Orders were up 1.1% vs. est. of -1.0%. Ex Transportation, they were down -0.2% vs. est. of -0.1%. Non-Defense Capital Goods Orders Ex-Aircraft was up 1.4% vs. est. of -0.2%. Inflation Nation: The Fed’s Key measure of Inflation, Core PCE (which is PCE ex food and
READ MOREMBS OVERVIEW Taking it to the House: The April Pending Home Sales Index (which is only an estimate and not actually a sum of all contracts signed but not yet closed) was flat at 0.0% vs. est. of 1.0%. March was -5.2% Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were only 229K vs. est. of
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -17 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications fell again, this time down -4.6%. Refinances were down -5.4% and Purchases were down -4.3% The Talking Fed: We got the Minutes from
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +9 BPS with 60 minutes left to trade. Rosie the Riveter: The May Richmond Fed Manufacturing Index contracted again with a reading of -15 vs. est. of -10. The May Markit Manufacturing PMI cratered, contracting at 48.5 vs. April’s expansionary reading
READ MOREWhy go through the rough roads when you can painlessly go to the right destination in the most efficient way possible using the roads already paved by those who have gone before you? Michael Harris is the person who can help you avoid the same problems by navigating the way with the perfect financial
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -17 BPS with 60 minutes left to trade. There were no economic releases today. The Talking Fed: Fed Chair Powell talked out of both sides of his mouth today, giving fuel to those that expect a pause and to those that
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is down -17 BPS with 60 minutes left to trade. Taking it to the House: April Existing Home Sales hit 4.28M units on an annualized basis which was very close to expectations of 4.3M. The median existing-home price for all housing types in
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +11 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications dropped by -5.7%. Refinances tanked by -7.7% and Purchases fell by -4.8%. April Building Permits were 1.416M units on an annualized basis, vs. est. of
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