ARCHIVED BLOG POSTS
2009
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Mortgage backed securities (MBS) closed down 9 basis points at 101.22 below resistance offered by the 50 day moving average at 101.41 and above support at the 100 day moving average at 100.80. Consumer sentiment and retail sales reports both came in better than expected. Remember that good econ...
12/11/2009
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Did you know that 62% of marriages in this country end up in divorce? What would happen if you had just inherited money from the death of a relative and then got divorced. Would you be able to keep your inheritance. Probably not. In most states half of that new found wealth would go to your s...
12/10/2009
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Mortgage backed securities (MBS) closed down 25 basis points today at 101.56 just above support provided by the 50 day moving average @ 101.42 and just below resistancee of the 25 day moving average at 101.77. MBS bonds were held down by rising stock prices and by two consecutive Treasury acutio...
12/10/2009
There are many banks that offer a program, at a small cost, allowing borrowers to pay an extra thirteenth payment each year. The extra payment has the effect of reducing the term of your loan by more than 2 1/2 years and saves a great deal of interest the longer you keep the loan. The additiona...
12/09/2009
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Mortgage backed securities (MBS) closed down 16 basis points (bps) today at 101.88 just above support at the 25 day moving average and below resistance at 102.06. The results of today's Treasury auction were less than satisfactory. This caused MBS bonds to dip down during the middle of the day ...
12/09/2009
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Why do banks require credit reports and what do they use them for one might wonder. The partyline is to predict the chance of a borrower being 90 days late on a loan within the next two years. Each of three bureaus has a different scoring models. In fact, each of the bureaus has several models...
12/08/2009
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Mortgage backed securities (MBS) closed up 22 basis points (bps) today at 102.03 just below resistance at 102.06 and above all moving averages. MBS bonds were still riding on the coattails of Bernanke's positive comments yesterday. They were up as high as 53 basis points early in the day. When...
12/08/2009
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Reverse mortgages are responsible for allowing elderly homeowners to remain in their homes, pay their taxes and keep food on their tables. The relatively new financial products can provide financial security in three ways. Funds can be distributed in a lump sum which can be used as an investmen...
12/07/2009
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Mortgage backed securties closed up 28 basis points today at 101.81 having bounced off support at the 50 day moving average and jumped above the 25 day moving average. Principally, Bernanke's comments asserting that rates and inflation will remain low for the foreseeable future quelled the fears...
12/07/2009
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A surprisingly low number of job losses reported today set all the markets moving. As usual, good economic news, or should I say economic news that was better than previous worse economic news, is good for stocks and bad for bonds. Today's news was also good for the dollar. In fact perceptions...
12/04/2009