What’s up in Mortgage Today – 8.9.23
MBS are up 5 bps in the early hours of trading. Stocks are flat. A relief rally in Italian shares boosted risk appetite, while US equity futures pointed to a recovery on Wall [...]
What’s up in Mortgage Today – 8.8.23
The US trade deficit shrank in June as imports slid to the lowest level since 2021. New York Fed President Williams sees Federal Reserve policy remaining restrictive for some time and Fed Governor [...]
Four Steps to Influence: #1 and #2
Reading Notes For: Click to Buy The Book!!! The brain has two primary functions. First, it protects us from the threat of death so we can continue to live and [...]
What’s up in Mortgage Today – 8.4.23
The jobs report showed a mixed bag of results, with lower payroll growth and a downward revision to last month's numbers, but slightly higher wages and lower unemployment. Bonds initially gained on [...]
What’s up in Mortgage Today – 8.3.23
Mortgage-backed securities (MBS) are down almost half a point early this morning. Bonds got spanked overnight despite a lack of overt motivations. Yields had risen more than 5bps by the open, but at [...]
Control the Message. The person asking the questions is in control.
Reading Notes For: Click to Buy The Book!!! Control the Message Instead, think about trying a different sequence by sharing a more complete story and leaving little to the listener's [...]
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 [...]