• November 21, 2023
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• realestatelife

Rate sheets this morning may be a little bit better than yesterday, reflecting a small improvement in mortgage bonds. Reprice risk on the day is low, there is no imminent danger to seeing rates move higher from here. The outlook remains that things should be pretty quiet ahead of the holiday, despite tomorrow morning bringing

• June 19, 2023
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• realestatelife

  Achieve the real estate life you want and get the most out of it as Michael Harris takes you on another episode full of tips, resources, and insights on today’s market. Dive into the intricacies of recent Federal Reserve actions, dissecting both their impact and what was left undone. Join us in decoding the

• July 16, 2023
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• realestatelife

  Inflation is down by quite a few points and interest have fallen down. We hit the highs of 2023. What does that mean for you? We’re not really out of the woods yet but we’re certainly facing a great window of opportunity to take that next step and start our journey to becoming debt-free.

• November 17, 2023
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• realestatelife

Market WRAP UP MBS 6.0 99.77 (0bps)10yr yield 4.44 Quiet day as expected, minimal risk to floating into next week but Monday could see some pullback in the AM. Rate sheets should be similar to yesterday, with bonds starting the day out flat. Reprice risk on the day is low, however there seem to be

• June 24, 2023
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• realestatelife

  The Fed is on a pause, making us put our feet on the brake. But anytime now, we have to continue hovering over that gas pedal and get ready to go. Chairman Powell says, “It gives us a little bit more time to watch what’s going on, watch the things come through the market,

• November 15, 2023
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• realestatelife

12/15/23 WRAP UP UMBS 6.0 99.31 (-23bps)10yr yield 4.54 Once the initial activity was over, the day was a snoozefest. It’s likely we see some bouncing around from here, but not any definite moves higher or lower for rates. Loans with time could see improvement after Thanksgiving, with December data and the Fed meeting though,

• November 14, 2023
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• realestatelife

UMBS 6.0 99.58 (+93bps)10yr yield 4.45 Bond held the gains all day, mortgage bonds still above the 100-day moving average… a very clear signal that markets think the Fed rate hikes are over. Very little risk to most loans floating into tomorrow, and we could see rate sheets continue to improve with more of the

• November 13, 2023
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• realestatelife

Rate sheets this morning will continue to see rates creeping higher, and reprice risk is moderate on the day. Rates look likely to move higher this week, unless we get help from inflation data and retail sales data. Talk of how a change in the way health insurance costs are tabulated for the CPI inflation

• 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 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,