ARCHIVED BLOG POSTS
2013
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Stocks made a strong comeback after yesterday's hyperbolic sell off. Yesterday the Dow Jones Industrials plummeted over 200 points, principally in fear that all the austerity gains in recent months in Italy might disappear if the wrong parties are elected. Despite the fact that many anti auster...
02/26/2013
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Mortgage backed securities (MBS) closed down 9 basis points at 103.47 having remained 20 basis points above the 25 day moving average. Yesterday's strong advance saw MBS bonds crashing through fierce resistance. Closing above that mark again today is a strong statement that bodes well for bonds...
02/26/2013
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Here are the advantages and disadvantages of Renting Renting Advantages No need for large cash to put down No costs to maintain the property No equity losses You can move at the end of the lease without having to wait to sell Do not have to come up with tax payment during the year T...
02/21/2013
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.75 having remained on the current bottom step of the down staircase. The Japanese candlestick chart actually looks like a staircase heading to the basement. MBS bonds have been marching steadily downward since their highs...
02/19/2013
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Stock markets, bond markets and commodities exchanges are all closed in the U.S. today in observance of Presidents Day. Here in the northeast that gives us a little extra time to neaten up our driveways and walkways after the onslaught of Nemo the three foot snow storm. Although there have been...
02/18/2013
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The power of 8. Utilizing a buy vs. rent comparison can be a lucrative activity. If you could multiply your rental commission by 8 times, would that not be worth a mention on your part and a little extra effort by your mortgage person. If you sew the seed, and have a custom rent vs. co...
02/18/2013
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. The power of credit curing. There is no correlation between wealth and the quality of one’s credit score. I have seen the entire spectrum in play. Recently I encountered a man whose wife’s score was not awful, but also not good enough to qualify for the rate I had offered him. I emailed hi...
02/18/2013
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Social Security – Although the maximum someone can be paid each month after having attained the full retirement age66 is $2,533 per month or $30,396 per year, did you know that there is large monthly bonus for waiting until 70? The maximum payment for those who begin collecting at 70 is $3,346 p...
02/18/2013
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Jumbo prices do not have the volatility that conforming rates have as they are not tied directly to mortgage backed securities. Instead, they are normally agreed upon by a pricing committee. As a result, they tend to stay competitive with one another rather than reacting to short term changes i...
02/18/2013
Stocks spent the day skittering along near the break even point with frequent dips into negative territory. Stock futures opened flat pending the release of the Consumer Sentiment numbers. Soon after the Empire State Manufacturing number came out with healthy 10 point gain versus the expectatio...
02/15/2013
