• March 28, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -6 BPS with 60 minutes left to trade. Taking it to the House: The January YOY metro city index from Case Shiller showed a gain of 2.5% which matched expectations but was almost half of the annual pace in December of

• March 27, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is up +13 BPS with 60 minutes left to trade. Bob the Builder: November Construction Spending was much better than expected, up 0.2% vs. est. of down -0.4% Rosie the Riveter: The revised Markit Manufacturing PMI matched the previous release of 46.2 On

• March 24, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +17 BPS with 60 minutes left to trade. Rosie the Riveter: February headline Durable Goods Orders were weaker than expected, down -1.0% vs. est. of +0.6%. Ex Transportation, it was flat at 0.0% vs. est. of 0.2% and Non Defense Capital

• March 23, 2023
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• realestatelife

MBS OVERVIEW Taking to the House: February New Home Sales hit 640K on annualized basis vs. est. of 650K. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lighter than expected, 191K vs. est. of 201K. The more closely watched 4 week moving average dropped to 196,250. Continuing Claims were higher than the prior month but lower than

• March 22, 2023
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• realestatelife

Your PM Lock Commentary has just been posted.For a full breakdown of today’s analysis: MBS OVERVIEW Taking to the House: Weekly Mortgage Applications improved again. This time by 3.0%. Refinances were up by 4.9% and Purchases were up by 2.2% The Talking Fed: Today at 2 pm ET we get the Federal Reserve’s latest interest rate decision

• March 21, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -17 BPS with 60 minutes left to trade. Taking to the House: The February Annualized Pace of Existing Home Sales hit 4.58M units vs. est. of 4.20M Treasury Dump: We had a 20 year Treasury bond auction today at 1 pm. $12B went off

• March 20, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -7 BPS with 60 minutes left to trade. There were no economic events today. On Deck for Tomorrow: FOMC starts two days of meetings, Existing Home Sales and a 20Y Treasury bond auction. Interest rates increased today, although well anchored in

• March 17, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +10 BPS with 60 minutes left to trade. Rosie the Riveter: February Industrial Production was weaker than estimates, flat at 0.0% vs. est. of 0.2% but January was revised higher from 0.0% to 0.3%. Capacity Utilization was 78.0% vs. est. of

• March 16, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -27 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected and returned to its trend of sub-200K with 192K vs. est. of 205K. The more closely watched 4 week moving average dropped

• March 15, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +35 BPS with 60 minutes left to trade. Inflation Nation: February headline Producer Prices (PPI) decreased by -0.1% vs. est. of +0.3% on a MOM basis and came in at 4.6% vs. est. of 5.4% on a YOY basis, both were