• April 27, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -12 BPS with 60 minutes left to trade. Taking it to the House: The March Pending Home Sales Index contracted by -5.2% vs. est. of +0.5% Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected, 230K vs. est. of

• April 26, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -22 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications edged up 3.7%. Purchases led the way with a 4.6% gain. Refinances were flat at 1.7% Rosie the Riveter: The March Headline Durable Goods Orders

• April 25, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +18 BPS with 60 minutes left to trade. Taking it to the House: March New Home Sales were much stronger than expected, hitting 683K on an annualized basis vs. est. of 634K and a nice jump from the Fed pace of

• April 24, 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) LLPA, 2) Inflation Nation and 3) GDP 1) LLPA: Loan Level Pricing Adjustments are now a form of social engineering and will have a big impact on how mortgage rates are calculated, Bryan

• April 21, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -3 BPS with 60 minutes left to trade. Rosie the Riveter: April Flash S&P Marit PMIs were stronger than expected. The Manufacturing PMI was 50.4 vs. est. of 49.0 and the Services PMI were 53.7 vs. est. of 51.5 The 10

• April 20, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +17 BPS with 60 minutes left to trade. Taking it to the House: March Existing Home Sales were 4.44M units on an annualized basis, vs. est. of 4.500M Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were a smidge higher than expected, 245K vs. est.

• April 19, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +5 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications fell by -8.8%. Purchases tanked by -10.0%. Refinances decreased by -5.8%. Treasury Dump: We had the 20 year Treasury bond auction today at

• April 18, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -5 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: March Building Permits dropped from an annualized pace of 1.55M units down to 1.413M. Housing Starts moved from 1.432M down to 1.420M. The good news for

• April 17, 2023
• no comment
• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -20 BPS with 60 minutes left to trade. Rosie the Riveter: The April Empire State Manufacturing Index surprised to the upside with a very respectable reading of 10.8 vs. est. of -18.0 following March’s massive loss of -24.6. Taking it to

• April 14, 2023
• no comment
• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -35 BPS with 60 minutes left to trade. Retail Snails: Headline March Retail Sales showed another monthly decline, contracting by -1.0% vs. est. of -0.4%. Ex Autos, it was down -0.8% vs. est. of -0.3% and the Control Group shrank by