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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The Federal Reserve didn’t raise interest rates recently but is thinking about doing it in December, possibly with fewer rate cuts next year. Interest rates, including mortgages, are going up, and this might continue for a while. It’s important to have a financial plan to adapt to these changes. US debt is a concern,
READ MORERates will continue to test the high water mark, and reprice risk today is low. The outlook is that rates will hold near the highs or even creep higher, with zero chance that we see a significant drop in rates anytime soon (“significant”, to me, means .25% or more). Treasury yields continue to climb, and
READ MORERate sheets this morning likely to be similar or slightly better than yesterday, and reprice risk on the day is moderate. Bonds showing some signs of recovery this morning, but nothing to get too excited about. Rates have quickly moved up to match this years highest levels already after the Fed meeting, but I think
READ MOREThe real estate path is not without its obstacles, but that doesn’t mean you have to painstakingly crawl your way to wealth and success. With an efficient and perfect financial GPS, you can get to your destination in the quickest way possible and navigate through the challenges you may run into during the process.
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READ MOREWRAP UPUMBS 6.0: 99.03 (-30bps)10yr yield: 4.50 The good news is that bonds didn’t get much worse than this mornings levels, the bad news is that they didn’t improve either (and are not likely too). I think it will get worse before it gets , so am still in a lock bias, although I do
READ MORERate sheets this morning likely to be similar to yesterday, ahead of what is likely to be a lively afternoon for bonds. Reprice risk on the day is high, although we’ll have to wait for the dust to settle before we get a clearer picture of where rates are headed from here. I believe the likelihood
READ MORERate sheets this morning likely to show pricing similar to yesterday’s open, and worse than the many reprices better that we saw yesterday. Reprice risk on the day is low, we could see some recovery in bonds that would help some lenders issue better pricing as the day goes one (like we saw yesterday) but
READ MORERate sheets will be at least slightly worse this morning, unless we see a reversal for mortgage bonds from early losses due to overnight trading. Reprice risk on the day is low, other than the handful of wholesale lenders who reprice when a mouse farts, most lenders won’t see bonds move enough to have to
READ MOREWRAP UPUMBS 6.0: 99.58 (-33bps)10yr yield: 4.33 Well, that’s a wrap. It’s tough to come up with any reason to be floating here that doesn’t include hoping and praying… hoping the Fed meeting and press conference go our way, praying rates fall a bit. I’m not saying it can’t happen, I’m just saying that I
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