• September 14, 2023
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• realestatelife

Rate sheets today likely similar to yesterday, and although this morning’s volatility in bonds makes things a bit rocky, reprice risk on the day is low. Some lenders may actually have a bit worse rate sheets this morning due to bonds losing ground after being in positive territory just a little bit ago, and we

• September 13, 2023
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• realestatelife

WRAP UPUMBS 6.0: 99.97 (+22bps)10yr yield: 4.26 After some early volatility, bonds improved to end the day. If you were one of the lucky ones who saw a reprice better – take it. Tomorrow will bring wholesale inflation, but that doesn’t move markets like the CPI did this morning. Consider locking loans for protection unless

• September 12, 2023
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• realestatelife

WRAP UPUMBS 6.0: 99.78 (-5bps)10yr yield: 4.27 10yr auction a non event, as I expected. Tomorrow we get CPI inflation data, coming in ahead of AM rate sheets, and I still advise to lock most loans. It’s not just the data that matters, it is the REACTION to the data. Unless we get an amazingly

• September 11, 2023
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• realestatelife

Rate sheets likely to be a bit worse than Friday, but not too much. Reprice risk on the day is moderate, we could see mortgage bonds lose ground on the day despite there being no economic data. There’s a 3yr Treasury auction this afternoon, but that won’t matter to bonds. I’m still in a locking

• September 8, 2023
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• realestatelife

WRAP UPUMBS 6.0: 99.84 (-5bps)10yr yield: 4.26 Quiet day, advice remains to lock most loans simply for protection with big rate improvements unlikely. Rate sheets will be better this morning, reflecting yesterday’s improvement in bonds, but not really anything to get overly excited about. Reprice risk on the day is low, no reason to expect

• September 7, 2023
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• realestatelife

WRAP UPUMBS 6.0: 99.91 (+33bps)10yr yield: 4.25 Good day for bonds. If repriced better, consider taking it, otherwise you may want to consider floating into tomorrow to see if pricing is better and reflects the gains. This doesn’t really change the mid term outlook, but at least it’s a good day. Nothing on the calendar

• September 6, 2023
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• realestatelife

WRAP UPUMBS 6.0: 99.59 (-16bps)10yr yield: 4.30 Stronger than estimated ISM services numbers this AM sent bonds selling, but the Fed’s Beige Book showed slowing growth in the economy for July and August. Rates still likely to creep higher heading into Fed mtg 9/20, with only a surprisingly positive inflation reading next week being something

• September 5, 2023
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• realestatelife

WRAP UPUMBS 6.0: 99.77 (-42bps)10yr yield: 4.27 Lots of reprices worse pouring in this afternoon, hopefully you were able to lock with our first alert. Rates are back on the rise, and we have a lot more room to see them move higher. I wouldn’t get too hopeful of seeing them start to move lower

• December 28, 2024
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• realestatelife

800.230.0168 Company 805.530.1199 Direct Line to CEO NMLS #3189 | CA: Dept. of Real Estate #01870497 | CO: Regulated by the Division of Real Estate. | MT:  Broker No #3189 | TX: 4663 Farringdon Ln. | WA: Consumer Loan Company License CL-3189 | DSCR in 46 States (not ND, NV, SD, VT) We have many

• September 3, 2023
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• realestatelife

U.S. job growth continued at a moderate pace in August while the unemployment rate unexpectedly jumped, a sign that the labor market is finally cooling in the face of rising interest rates and chronic inflation. Employers added 187,000 jobs in August, the Labor Department said in its monthly payroll report released Friday, topping the 170,000 jobs