• April 5, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +6 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The March ADP Employment Change was much lower than expected… showing 145K vs. est. of 200K. February was revised upward from 242K to 261K. Taking it to the House: Weekly

• April 4, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +24 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lighter than expected, 205K vs. est. of 215K. The more closely watched 4 week moving average dropped to 212.5K. Continuing Claims were 1.634M vs. est.

• April 3, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +5 BPS with 60 minutes left to trade. Rosie the Riveter: The March ISM Manufacturing PMI contracted for the 5th straight month and hit levels we have not seen since the height of the pandemic driven slowdown. The headline reading was

• March 31, 2023
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• realestatelife

An inflation measure closely watched by the Federal Reserve showed signs of slowing in February, but it still remained abnormally high, according to new data released Friday. The personal consumption expenditures (PCE) index showed that consumer prices rose 0.3% from the previous month and climbed 5% on an annual basis, according to the Bureau of

• March 31, 2023
• no comment
• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +15 BPS with 60 minutes left to trade. Inflation Nation: We got a mixed bag of inflationary data today. Headline PCE MOM increased by 0.3% vs. est. of 0.2%. YOY, it was up 5.0% vs. est. of 5.3%. Core (ex food

• March 30, 2023
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• realestatelife

MBS OVERVIEW 4:30 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -3 BPS with 30 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims remain below 200K with a reading of 198K vs. est. of 196K. The more closely watched 4 week moving average ticked up to 198,250. Continuing Claims were very

• March 29, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +5 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications improved by 2.9%. Refinances led the way, up 4.8%. Purchases were up 2.0%. The February Pending Home Sales Index saw a MOM gain of 0.8

• March 28, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -6 BPS with 60 minutes left to trade. Taking it to the House: The January YOY metro city index from Case Shiller showed a gain of 2.5% which matched expectations but was almost half of the annual pace in December of

• March 27, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is up +13 BPS with 60 minutes left to trade. Bob the Builder: November Construction Spending was much better than expected, up 0.2% vs. est. of down -0.4% Rosie the Riveter: The revised Markit Manufacturing PMI matched the previous release of 46.2 On

• March 24, 2023
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• realestatelife

MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +17 BPS with 60 minutes left to trade. Rosie the Riveter: February headline Durable Goods Orders were weaker than expected, down -1.0% vs. est. of +0.6%. Ex Transportation, it was flat at 0.0% vs. est. of 0.2% and Non Defense Capital