01/03/2023 Daily Rates

By 01/03/2023No Comments

Daily Rates & Headlines

For Tuesday, January 03, 2023

Here are my interest rate observations from this morning.

Today’s Par Rate* Charge
(1st rate above 1% Charge)
Yesterday’s Par Rate*
Interest Rate
1.313%  Interest Rate
*Rate Scenario Details: Purchase, 30 Year Fixed, Conventional, $500,000 Purchase, $400,000 Loan, 80% LTV, 41% DTI, Income=$7,500, Primary Residence, Single Family, 84045 Zip Code, FICO=780, Escrows=Yes, Fees Out, Expiration=30 days.
Daily Rate Sheet Compare Comparison Rate* Difference Today Yesterday
Lower 7.000% -0.315 0.20 0.536
Lower MBS Price
Current Day

7:54AM MST
MBS Price
10 Year Treasury
Higher MBS Price
Yesterday Close
MBS Price
10 Year Treasury
Rate Influence Economic Report Actual Expected Prior
Higher Construction Spending 0.2% -0.5% -0.3%
Legend: Yellow highlight = Higher Interest Rates.
Green Highlight = Lower Interest Rates.



Headlines & Comments


Tesla Surges 7% After Morgan Stanley Calls Recent Sell Off “Opportunity”

(ZeroHedge by Tyler Durden). Morgan Stanley’s Adam Jonas was out yesterday lowering his price target on Tesla stock from $330 to $250, but maintaining his overweight rating on the name and arguing that the recent selloff in the name has created an “opportunity”. The note may have inadvertently acted as the final capitulation hurdle to get out of the way before the stock was able to break higher. And break higher it has done today, rising 7% at the cash open, outperforming the broader market strength (and up 15% from yesterday’s early lows).

Direct’s Comment

To confirm that dark and evil forces exist, one only need look to Tesla. The company has never been in a stronger position, in product engineering, in manufacturing, in demand, and is incredibly profitable. The prospects are even greater in the near future. So Morgan Stanley was likely correct in saying the company is a good opportunity. I don’t own any shares of Tesla. But, is the reason that Tesla’s stock was performing horribly was because Twitter was releasing FBI actions (prohibiting free speech)? It is hard to say for certain, but there is so much coincidence in what the FBI has done, and the harm to Tesla. Yikes! If I were going to buy Tesla stock, I would be waiting for the dust surrounding Twitter to settle. This will be interesting to watch.

Spiritual Power.

(Nephi 13:16). “And it came to pass that I, Nephi, beheld that the Gentiles who had gone forth out of captivity did humble themselves before the Lord; and the power of the Lord was with them.”


The source of our spiritual power is the Lord! The ultimate source of spiritual power is God our Father. The messenger of this power is the Holy Ghost…
Our spiritual power line is strengthened through prayer. As we counsel with God in all our doings, He will direct us for good. Prayer is available whenever we ask for it! But the Lord places the initiative upon us. He expects us to reach for His power, just as we must insert the plug in the outlet for electricity… Personal worthiness and scripture study enable us to do more with this power.
Rewards result from the righteous use of the spiritual power belonging to the priesthood!
(Daily Joy, Russell M. Nelson, p.6).

Make it a great day! Let’s get after it.

James Beech