What’s up in Mortgage Today – 8.2.23
MBS were down 39 bps on the AM, while stocks have lost 31.5 points. Fitch Ratings downgraded the U.S.'s credit rating from AAA to AA+, but this will have minimal negative impact. ADP [...]
What’s up in Mortgage Today – 8.1.23
The MBS market opened flat today, which is unusual. Stocks were down about 11 points. The Reserve Bank of Australia raised interest rates by 25 basis points overnight. Job openings were 9.6 million [...]
The true measure of leadership is influence … nothing more, nothing less
Reading Notes For: Click to Buy The Book!!! Reticular Activating System (RAS) is the filter that says, “Yes, listen,” or “Forget it,” and it's guided by our previous experiences, ideas, [...]
What’s up in Mortgage Today – 7.31.23
MBS up 9 bps on the day. Stocks up about 12. The week ahead will be dominated by the jobs report on Friday. We will also get ISM data and productivity. The Street [...]
What’s up in Mortgage Today – 7.28.23
MBS up 23 bps on the morning With ECI being a report that Powell increasingly mentions by name and PCE being the Fed's go-to big picture inflation index, there was at least something [...]
Mortgage Today 7/27: Bond Market Challenges Amid Surprising GDP Growth and Downward Price Pressure!
The bond market faces challenges due to excessive economic growth. Gross domestic product rose higher than expected at 2.4% in Q2. Consumption and corporate spending contributed, while residential construction hindered GDP growth. Inventory [...]
Pathos | Customers | Logos | Kairos | Relevance
Reading Notes For: BUY THE BOOK! Pathos Pathos is the ability to reach someone else via a story, humor, or any appeal that moves that individual to connect emotionally. It's [...]
What’s up in Mortgage Today – 7.24.23
MBS are down 20 bps on the morning. Though mostly due to illiquidity. Stocks flat. Bonds began the overnight session by losing ground in Asia. 10yr yields were as high as 3.857. Things [...]