• January 23, 2023
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• realestatelife

MBS 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

• January 20, 2023
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• realestatelife

MBS 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,

• January 11, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +11 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications rose by 1.2% thanks to a big gain of 5.1% in Refinance Applications. Purchase Applications were basically flat at -0.5% The Talking Fed:

• August 9, 2023
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• realestatelife

WRAP UPUMBS 5.5: 99.08 (+11bps)10yr yield: 4.01CPI data at 8:30am ET tomorrow. Markets expect higher number than June, so unless MUCH higher I don’t think way we will see too much of a negative response but there is definitely a possibility. If shelter costs and core CPI show more improvement than expected we could see

• August 8, 2023
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• realestatelife

WRAP UPUMBS 5.5: 98.73 (-16bps)10yr yield: 4.03 Mtg bonds bouncing around through the day, but not enough to see lenders reprice worse. Not a lot of risk floating into tomorrow. Rates sheets this morning will improve, and reprice risk on the day is low. Bonds here and abroad got a big boost overnight from soft

• October 6, 2022
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• realestatelife

Jobs, Jobs, Jobs: We saw a pretty sizable increase in the number of announced corporate job cuts per the September Challenger Job Cuts report which moved from 20,485 in August to 29,989 in Sept. Initial Weekly Jobless Claims were higher than expected (219K vs. est. of 200K) but the prior week was revised lower to

• September 15, 2022
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• realestatelife

The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Prospects for future improvement anytime soon are dim as well. “The outlook for future economic growth remained generally weak, with … expectations

• April 9, 2020
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• realestatelife

The Federal Reserve will provide up to $2.3 trillion of loans to further support the economy, the central bank said Thursday. The so-called Main Street Lending Program will provide support to households and businesses of all sizes and help governments deliver critical services to combat disruptions caused by the COVID-19 pandemic.

• March 16, 2020
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• realestatelife

In a dramatic step Sunday meant to make borrowing as cheap as possible for American households and businesses as the coronavirus brings the U.S. economy to a near standstill, The Federal Reserve made its second emergency cut in two weeks, slashing 1% off its benchmark rate, and renewed a program to buy $500B in Treasury

• March 12, 2020
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• realestatelife

Federal reserve announces $1 trillion in 3-month repo over two days, and officially starts purchasing coupon Treasuries as part of its POMO operations.