MAGAZYN KIESZEŃ (470) 09.09. 2023

Market Wrap-up

Our benchmark FNMA MBS 6.50 September Coupon is currently up +2 BPS.

Domestic Flavor:

Consumer Credit: The July Consumer Credit report was much lower than expected, $10.4B versus estimates of $18.0B

Across the Pond:

Japan: GDP 2nd QTR 1.2% versus estimates of 1.3%, down from 1st QTR GDP of 1.5%.

Germany: CPI MOM 0.3% versus estimates of 0.3%, YOY 6.1% versus estimates of 6.1%.

G20: The G20 is in full swing with Treasury Secretary Janet Yellen and President Biden on site. Notably Putin and Xi will not be there.

Rosie the Riveter: The Revised 2nd QTR Non Farm Productivity was revised from 3.7% to 3.5% as Unit Labor Costs were revised from 1.6% to 2.2%.

On Deck for Tomorrow: Consumer Credit, G20 meeting

Interest rates began lower this morning, by mid-day the end of the recent improvements ahead of inflation data next week.

July consumer credit was expected +$16B reported at +$10.4B, June revised from $17.9B to $14.0B. Consumers ramped up the use of credit cards, climbing $9.6B after declining in the previous month. Non-revolving credit, such as loans for school tuition and vehicle purchases, rose $773 million. Increased use of credit cards at these high rates is something to be concerned about.

Next Week: Monday $44B 3 year note auction. Tuesday $35B 10 year note auction. Wednesday $20B 30 year bond auction. There isn’t any scheduled data next week until Wednesday. Wednesday MBA mortgage applications, August CPI, August treasury budget. Thursday August PPI, weekly jobless claims, August retail sales. Friday August import and export prices, August industrial production and factory use, U. of Michigan consumer sentiment index.

This Week: The 10 year note yield declined 8 bps, 2 year note +11 bps. FNMA 6.0 30 year coupon +186 bps. The DJIA -261, NASDAQ 0270, S&P -59. Gold declined $25.00 on dollar strength. Crude oil increased $1.48. he DJIA The dollar continued it climb; the dollar index increased 0.82 to 105.09. Bitcoin increased 24.

PRICES @ 4:00 PM 09.08.2023

10 year note: 4.26% +2 bp

5 year note: 4.40% +3 bp

2 year note: 4.97% +2 bp

30 year bond: 4.33% unch

30 year FNMA 6.0: 99.90 +3 bp (-7 bp from 9:30)

30 year FNMA 5.5: 98.27 +4 bp (-10 bp from 9:30)

30 year GNMA 5.5: 98.61 unch (-17 bp from 9:30)

Dollar/Yuan: $7.3439 +$0.0153

Dollar/Yen: 147.85 +0.55 yen

Dollar/Euro: $1.0698 +$0.0002

Dollar Index: 105.09 +0.03

Gold: $1942.40 -$0.10

Bitcoin: 25,855 -132

Crude Oil: $87.37 +$0.50

DJIA: 34,576.59 +75.86

NASDAQ: 13,761.53 +12.69

S&P 500: 4457.49 +6.35

SOFR Data 09/08: 30-DAY AVERAGE(%): 5.31328, 90-DAY AVERAGE(%): 5.20675, 180-DAY AVERAGE(%): 5.09068, INDEX: 1.0963267

POLAND

NAME	VALUE	NET CHANGE	% CHANGE	1 MONTH	1 YEAR	TIME (EDT)
WIG20:IND WIG 20	1,943.99	+16.60	+0.86%	-8.01%	+26.67%	11:15 AM
WIG:IND WSE WIG INDEX	66,542.38	+609.46	+0.92%	-4.60%	+31.22%	11:15 AM
WIG30:IND WIG30	2,407.50	+24.28	+1.02%	-7.63%	+32.32%	11:15 A

WALUTY

CURRENCY	VALUE	CHANGE	NET CHANGE	TIME (EDT)
EUR-USD	1.0700	0.0004	+0.04%	4:59 PM
USD-JPY	147.8300	0.5300	+0.36%	4:59 PM
GBP-USD	1.2468	-0.0004	-0.03%	4:59 PM
AUD-USD	0.6376	0.0000	0.00%	4:59 PM
USD-CAD	1.3640	-0.0045	-0.33%	4:59 PM
USD-CHF	0.8931	0.0003	+0.03%	4:59 PM

USD-CZK	22.8009	0.0248	+0.11%	4:59 PM
USD-SKK	28.1555	-0.0090	-0.03%	4:59 PM
USD-PLN	4.3148	-0.0110	-0.25%	4:59 PM
USD-HUF	360.2200	-1.4900	-0.41%	4:59 PM
USD-RUB	97.9534	-0.3890	-0.40%	1:45 PM

USD-MXN

17.5946

-0.0057

-0.03%

4:59 PM

ZMIANA CEN DOMÓW

See home price changes in your local market — Second Quarter 2023

First select state, then choose the metro closest to you

Select state AKALARAR-OKAZCACOCTDC-VA-MD-WVDEDE-MD-NJFLGAGA-ALGA-SCHIIAIA-ILIA-NE-SDIDID-WAILIL-WIININ-KYIN-MIKSKYKY-INLAMAMA-CTMDMD-DEMD-WVMEMIMNMN-WIMOMO-ILMO-KSMSMTNCNC-SCNDND-MNNENE-IANHNJNJ-PANMNVNYNY-NJOHOH-KY-INOH-PAOKOROR-WAPAPA-NJRI-MASCSC-NCSDTNTN-GATN-KYTN-MS-ARTN-VATXTX-ARUTUT-IDVAVA-NCVA-WVVTWAWIWI-MNWVWV-KY-OHWV-OHWY Select MetroBloomingtonCarbondale-MarionChampaign-UrbanaChicago-Naperville-EvanstonDanvilleDecaturElginKankakeePeoriaRockfordSpringfield

Home price changes for Chicago-Naperville-Evanston, IL

Metro Area	Last quarter	2 qtrs ago	1 year ago	3 yrs ago	5 yrs ago	Custom Period	See Mortgage Rates
Chicago-Naperville-Evanston, IL	3.49%	4.60%	3.86%	29.26%	35.87%	Tracking Tool	Shop refinance rates for Chicago-Naperville-Evanston, IL

Mortgage Rates

30 Yr. Fixed Rate

7.22% -0.07%

	Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	7.22%	-0.07	0.00
15 Yr. Fixed	6.59%	-0.08	0.00
30 Yr. FHA	6.74%	-0.03	0.00
30 Yr. Jumbo	7.30%	-0.03	0.00
5/1 ARM	7.05%	0.00	0.00
30 Yr. VA	6.75%	-0.05	0.00
Updates Daily – Last Update: 9/8

15 Yr. Fixed Rate

6.59% -0.08%

	Rate	Change	Points
Freddie Mac
30 Yr. Fixed	7.12%	-0.06	0.00
15 Yr. Fixed	6.52%	-0.03	0.00
Updates Weekly – Last Update: 9/7

	Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	7.16%	+0.07	0.68
15 Yr. Fixed	6.57%	+0.06	0.94
30 Yr. Jumbo	7.11%	+0.07	0.55
Updates Weekly – Last Update: 8/16

MBS / Treasuries

UMBS 30YR 6.0

99.86 -0.03

	Price / Yield	Change
MBS
UMBS 6.0	99.86	-0.03
GNMA 6.0	100.13	0.00
Pricing as of: 9/8 5:31PM EST

10 Year US Treasury

4.2580 +0.0080

	Price / Yield	Change
US Treasury
2 YR Treasury	4.991	+0.038
5 YR Treasury	4.398	+0.025
7 YR Treasury	4.350	+0.016
10 YR Treasury	4.258	+0.008
30 YR Treasury	4.330	-0.012
Pricing as of: 9/8 5:31PM EST

NOWE RATY NA STAŁE ANNUITY

NEW Milestone MYGA Rates

Now up to 5.25%!

We’re increasing interest crediting rates on Milestone Multi-Year Guaranteed Single Premium Deferred Annuity (Milestone MYGA) for all premium levels, guarantee periods, and states, effective September 13, 2023.

NEW National Milestone MYGA Rates¹

Guarantee Period/Contract Year Term

Premium Levels	3-Year*	4-Year*	5-Year*	6-Year*	7-Year*
$100,000+	5.15%	5.15%	5.25%	5.20%	5.20%
$50,000+	4.90%	4.90%	5.00%	5.00%	5.05%
$15,000+	4.15%	4.35%	4.55%	4.65%	4.70%

POŻYCZKI HIPOTECZNE

ELITE 21-30 YEAR

ELITE 16-20 YEAR

RATE

15 DAY

30 DAY

45 DAY

RATE

15 DAY

30 DAY

45 DAY

8.625

-4.327

-4.277

-4.147

8.625

-4.926

-4.876

-4.746

8.500

-4.120

-4.070

-3.940

8.500

-4.704

-4.654

-4.524

8.375

-3.796

-3.746

-3.616

8.375

-4.391

-4.341

-4.211

8.250

-3.523

-3.473

-3.343

8.250

-4.136

-4.086

-3.956

8.125

-3.460

-3.410

-3.280

8.125

-3.972

-3.922

-3.792

7.999

-3.221

-3.171

-3.041

7.999

-3.701

-3.651

-3.521

7.875

-2.870

-2.820

-2.690

7.875

-3.361

-3.311

-3.181

7.750

-2.606

-2.556

-2.426

7.750

-3.137

-3.087

-2.957

7.625

-2.570

-2.520

-2.390

7.625

-2.915

-2.865

-2.735

7.500

-2.433

-2.383

-2.253

7.500

-2.716

-2.666

-2.536

7.375

-2.123

-2.073

-1.943

7.375

-2.458

-2.408

-2.278

7.250

-1.723

-1.673

-1.543

7.250

-2.133

-2.083

-1.953

7.125

-1.676

-1.626

-1.496

7.125

-1.885

-1.835

-1.705

6.999

-1.498

-1.448

-1.318

6.999

-1.665

-1.615

-1.485

6.875

-0.996

-0.946

-0.398

6.875

-1.666

-1.616

-1.486

6.750

-0.578

-0.528

-0.340

6.750

-1.266

-1.216

-1.086

6.625

-0.520

-0.470

-0.155

6.625

-0.995

-0.945

-0.815

6.500

-0.335

-0.285

0.469

6.500

-0.835

-0.785

-0.655

6.375

0.289

0.339

1.034

6.375

-0.567

-0.517

-0.387

6.250

0.854

0.904

1.086

6.250

-0.105

-0.055

0.075

6.125

0.906

0.956

1.532

6.125

0.224

0.274

0.404

6.000

1.352

1.402

2.259

6.000

0.728

0.778

0.908

5.875

2.079

2.129

2.950