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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 February Coupon is down -1 BPS with 60 minutes left to trade. Taking it to the House: December New Home Sales hit 616K units on an annualized basis vs. est. of 617K, it was a slight improvement over November’s annualized pace of 602K units thanks
READ MOREThe U.S. economy ended 2022 on solid footing, but momentum seems to have cooled slightly as consumers confront the dual threat of stubbornly high inflation and rising interest rates. Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 2.9% on an annualized basis in the three-month period from October through
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +12 with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications were up for the 2nd straight week. This time by 7.0%. Refinances were up 14.6% and Purchases were up 3.4% Treasury Dump: We had a record
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +18 with 60 minutes left to trade. Rosie the Riveter: The preliminary Markit Manufacturing PMI was better than expected (46.8 vs. est. of 46.1) but still well below 50. Same story with Services, 46.6 vs. est. of 44.5. Richmond Fed Manufacturing
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -9 BPS with 60 minutes left to trade. There were no domestic events today. On Deck for Tomorrow: Richmond Fed Manufacturing, 2 year Treasury note auction. Check the main page for Bryan’s video break down SIGMA RESEARCH, INC. THE SHIRMEYER REPORT
READ MOREMBS OVERVIEW Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) Inflation Nation, 2) Central Bank Palooza and 3) GDP 1) Inflation Nation: We get the Fed’s key inflation gauge on Friday with PCE as well as Personal Incomes and Spending. Will this follow
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -13 BPS with 60 minutes left to trade. Taking it to the House: December Existing Home Sales were a little better than expected, 4.02M units on an annualized basis vs. est. of 3.96M and not far off November’s pace of 4.08M Jobs, Jobs,
READ MORENo matter what you do, you can’t create the wealth you deserve and save yourself out of debt with today’s economic state. You don’t have to stay on that route during a bad economic state because Michael Harris, the President and CEO of United Mortgage Corporations of America, brings his Financial GPS Program to
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +1 BPS with 60 minutes left to trade. Taking it to the House: December Building Permits had an annualized pace of 1.330M vs. est. of 1.370M. But Housing Starts were 1.382M vs. est. of 1.359M…so a mixed bag there. Jobs, Jobs,
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +25 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications shot up by 27.9%. Refinances rocketed up by 34.2% and Purchases were up 24.7%. The January NAHB Index came in at 35 instead of 31
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