• March 10, 2023
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• realestatelife

The Department of Housing and Urban Development cut the Federal Housing Administration’s mortgage insurance premium by 30 basis points, a move that many stakeholders think is long overdue. The cut drops premiums from 85 basis points to 55 basis points — reverting premiums to a level not seen since before the 2008 housing crisis. This

• February 22, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up +17 BPS with 60 minutes left to trade. Domestic Flavor: Taking it to the House: Weekly Mortgage Applications tanked for the second week in a row, this time they were down -13.3%. Refinances fell by only -2.2% but Purchase Applications dropped

• February 21, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is down -36 BPS with 60 minutes left to trade. Taking it to the House:  January Existing Home Sales were 4.00M vs. et of 4.10M which is down -0.7% from December and 37% YOY. The median home sales price did move higher on a YOY

• February 17, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up just +6 BPS with 60 minutes left to trade. Genco Olive Oil: Import Prices in January fell by -0.2% which matched expectations. YOY, they were up by 0.8% which was much lower than estimates in the 2.9% range. Export Prices were

• February 16, 2023
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• realestatelife

Producer price index projected to increase 0.4% in January Inflation at the wholesale level rose more than expected in January, the latest sign that painfully high consumer prices could take some time to dissipate. The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers,

• February 16, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is down -13 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected, 194K vs. est. of 200K. The more closely watched 4 week moving average was very low at 189.5K. Continuing Claims were 1.696M

• February 15, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up just +3 BPS with 60 minutes left to trade. Retail Sales: We got a nice upside surprise to the January Retail Sales data. The headline reading rose by 3.0% vs. est. of 1.8%. Ex Autos it was up 2.3% vs. est.

• February 13, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up +2 BPS with 60 minutes left to trade. There were no economic events today On Deck for Tomorrow: Consumer Price Index 10 year and MBSs today little changed awaiting tomorrow’s January consumer price index (CPI). Stock indexes had a decent day. There wasn’t any

• February 10, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is down -36 BPS with 60 minutes left to trade. Consumer Sentiment:  The Preliminary February UofM Consumer Sentiment Index was low but it was higher than expected (66.4 vs. est. 65.0). The one year inflation expectations rose from 3.9% to 4.2% The Talking Fed:  Philadelphia Fed

• February 9, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -32 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims once again were below 200K, this time 196K vs. est. of 190K. The more closely watched 4 week moving average dropped down below 190K to 189,250. Continuing Claims