• November 12, 2023
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• realestatelife

  We have to learn to embrace financial changes and take advantage of opportunities that arise from lower interest rates. This episode discusses financial decisions, such as real estate, lending, and debt management in this episode. Join us as we uncover the hidden implications behind mortgage rates shifting amidst a softer tone from the Federal

• November 10, 2023
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• realestatelife

UMBS 6.0 98.61 (-3bps)10yr yield 4.62 Mortgage bonds recovered, limiting reprice damage. Still seeing rates creep away from best levels, and supporting the idea to lock for protection. We just can’t know what the CPI data will bring next week, forecasts be damned, and only loans willing to risk waking up to a jump in

• November 9, 2023
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• realestatelife

11/09/23 WRAP UPUMBS 6.0 98.69 (-58bps)10yr yield 4.63 Rates were hurt today because the 10yr bond auction went poorly, and Powell’s comments today that the Fed will move carefully but won’t hesitate to raise rates further to curb inflation. This could trigger rates to creep higher, so consider locking some loans, especially if haven’t seen

• November 8, 2023
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• realestatelife

Rate sheets this morning likely the same as yesterday’s AM rate sheets but worse than any reprices better (if you are one of the handful who saw one). Reprice risk on the day is moderate, although there isn’t any relevant economic data coming out today we do have a bunch of Fed members out speaking,

• November 7, 2023
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• realestatelife

Rate sheets this morning should be similar to yesterday, and reprice risk on the day is moderate. There will be an army of Fed officials out there spewing their opinions today, and it’s already started with Kashkari and Goolsbee. This afternoon we will see the Treasury 3-year note auction, which normally wouldn’t be a thing,

• November 6, 2023
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• realestatelife

WRAP UPUMBS 6.0 98.75 (-39bps)10yr yield 4.65 Rates lost a bit of ground today after last week’s epic performance, but still lower than we were anytime in October. Tomorrow brings a bunch of Fed speakers, but not likely markets are swayed away from the current sentiment that the Fed is done raising rates. May even

• November 6, 2023
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• realestatelife

  Despite the high inflation, the FED did not increase interest rates. In fact, it is getting a bit lower. Michael Harris explores what to expect in this current state of the market and how you can take advantage of the rates on the decline. He also talks about what’s going on in the economic

• November 3, 2023
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• realestatelife

Rates will dip even further this morning, helped along by jobs data coming in weaker than expected across the board this morning. Reprice risk on the day is moderate, we’re seeing a very big reaction to the jobs data, capping off a week of bond gains that were sorely needed. We could see bonds fluctuate

• November 2, 2023
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• realestatelife

WRAP UPUMBS 6.5: 100.33 (+42bps)10yr yield 4.66 Despite a handful of reprices worse when bonds lost a bit of ground mid day, it ultimately is a good day for bonds. Tomorrow morning comes the jobs data that could shake things up though, consider locking risk adverse, but we could see rates improve further if markets

• November 1, 2023
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• realestatelife

Rate sheets will start the day slightly better than yesterday, but be ready for the fireworks. Reprice risk is high today, with lots of action that will send bonds all over the place. The fun has already started as I write this, with the Treasury’s refunding announcement and ADP private payroll data already being released