2023
7 Free Apps for Better Health in 2023
Here’s What’s Up With These Big Swings in MBS Prices
Here’s What’s Up With These Big Swings in MBS Prices Thursday ended up being a boring, uneventful trading day as far as the broader bond market was concerned. It wasn’t without interesting developments though. One of them directly impacts loan pricing going forward (at some point in the near future when lenders update their rates accordingly) due to revamped LLPAs. The other is more of an ongoing phenomenon: a lack of liquidity in MBS at various moments of any given day. Don’t confuse this with a lack of willing buyers. They’re out there. Rather, it’s about the way that market participants enter prices quotes and how that risks giving the wrong impression to those of us who are simply interested in tracking intraday rate sheet risks. Econ Data / Events Jobless Claims 190k vs 214k f’cast, 205k prev Philly Fed Biz Index -8.9 vs -11.0 f’cast, -13.7 prev Prices 24.5 vs 36.3 prev Jobs 10.9 vs -0.9 prev 6-mo outlook 4.9 vs -0.9 prev Market Movement Recap 08:48 AM Modestly weaker overnight, slight recovery early and back to worst levels after data. 10yr up 3.5bps at 3.41. MBS down a quarter point. 01:33 PM Slightly weaker vs AM levels. 10yr up 3.7bps at 3.41 and MBS down just under a quarter point. 03:10 PM Sideways grind of a day despite liquidity-driven volatility in MBS. Currently down just over an eighth. 10yr up 2.6bps at 3.399.
Economist: 2023 to be all about the bond market
Fed’s actions are meant to tame inflation While noting the Fed’s actions appear to be yielding results in curbing inflation, she was taken aback the central bank didn’t allow for the traditional six-month period between rate hikes to test its impact on the market as it historically has done. Instead: “The Fed raised rates seven … [Read more…]
Some home builders are offering mortgage rates as low as 3 … – Morningstar
Some home builders are offering mortgage rates as low as 3 … Morningstar
Q1 2023 5% Quarterly Categories: Activate, Offers & Suggestions (Freedom/Flex, Discover, Dividend, Cash+ & More)
Enroll for all 5% category credit cards for the first quarter of 2023, including the Chase Freedom/Flex, Discover IT, Citi Dividend, US Bank Cash+, more. Freedom offers 5x on Grocery stores, Target, and Fitness. Discover offers 5% on Grocery, Drugstore, and Streaming
New Year Financial Checklist: 7 Things to Do in 2023
As 2023 kicks into gear, nowâs the perfect time to refresh your finances, particularly in light of recession and inflation fears that continue to plague us. Hence, weâve put together this top-of-year financial checklist. Now, admittedly this isnât an activity that most of us look forward to, but rest assured that completing this checklist will […]
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How to Use a Roth IRA as an Emergency Fund
Building an emergency fund is essential so you donât run into financial trouble if you lose your job or unexpected expense crops up. But keeping your emergency fund in a traditional savings account may not be the best solution. To ⦠Continue reading â
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Housing inventory falls under 1M again as sales collapse
Total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people.