• January 27, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +9 BPS with 60 minutes left to trade. Taking it to the House: December Pending Home Sales Index rose by 2.5% vs. est. of a decline of -1.0% Inflation Nation: December headline PCE increased by 0.1% on a MOM basis, the

• January 26, 2023
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• realestatelife

The U.S. economy ended 2022 on solid footing, but momentum seems to have cooled slightly as consumers confront the dual threat of stubbornly high inflation and rising interest rates. Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 2.9% on an annualized basis in the three-month period from October through

• January 25, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +12 with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications were up for the 2nd straight week. This time by 7.0%. Refinances were up 14.6% and Purchases were up 3.4% Treasury Dump: We had a record

• January 24, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +18 with 60 minutes left to trade. Rosie the Riveter: The preliminary Markit Manufacturing PMI was better than expected (46.8 vs. est. of 46.1) but still well below 50. Same story with Services, 46.6 vs. est. of 44.5. Richmond Fed Manufacturing

• January 23, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -9 BPS with 60 minutes left to trade. There were no domestic events today. On Deck for Tomorrow: Richmond Fed Manufacturing, 2 year Treasury note auction. Check the main page for Bryan’s video break down SIGMA RESEARCH, INC. THE SHIRMEYER REPORT

• 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:

• October 9, 2022
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• realestatelife

Labor Department data released Friday morning showed the US economy added 263,000 jobs in September, a slower pace than the previous month but probably not enough for those who want the Fed to pause sooner rather than later. Industry expert Barry Habib had the following gleanings from the household survey. Remember, the household survey is

• October 7, 2022
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• realestatelife

Jobs, Jobs, Jobs: Its Big Jobs Friday! You can read the official BLS release here. Here is the Tale of the Tape: Jobs: September Non Farm Payrolls (NFP) increased by 263K vs. est. of 250K August NFP remained at 315K July NFP revised from 526K upward to 537K The rolling 3 month moving average is