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2013
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Mortgage backed securities (MBS) closed up a whopping 41 basis points today at 104.12 having powered through double resistance offered by the 100 and 200 day moving averages.. The long green Japanese candlestick indicates that the bond closed almost at its high for the day. This is an extremely...
04/12/2013
U.S. equity markets enjoyed another strong session today. Buoyed by bank stocks, the three major exchanges all advanced today with the S& P 500 hitting yet another record setting level. It appears that the fellow who wrote the article in the New York Times business section about not selling whe...
04/11/2013
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Mortgage backed securities (MBS) closed up 22 basis points today at 103.72 having come within several basis points of the double resistance offered by the 100 and 200 day moving averages above. Despite a "C-" rating in today's Treasury auction of 30 year bonds, MBS bonds managed a gain today. T...
04/11/2013
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Mortgage backed securities (MBS) close up 3 basis points today at 104.09 having remained above support offered by the 200 day moving average. Bonds survived a $32 billion sale of three year Treasuries today and managed to remain at a high level. The deck was stacked against any bonds today as e...
04/09/2013
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All the activity in the MBS markets has had a powerful and positive effect on interest rates. 30 year conforming rates which several day ago were up to 3.875%, were all the way back down to 3.50% on Friday. The high balance conforming rate for high cost areas like my native Fairfield County wer...
04/05/2013
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We all know that market trading today is about as convoluted and difficult to predict as ever these days. At one point this morning the Dow was down almost two hundred points. While we know the official jobs number was dismal at the same time we were told that the percentage of jobless in this ...
04/05/2013
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Mortgage backed securities (MBS) closed up 34 basis points Friday at 104.31 after having crossed above difficult resistance at 104.48 prior to falling below it at the close. Equity markets plummeted this morning in reaction to a much lower than expected March jobs number. Although ADP, whose jo...
04/05/2013
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Mortgage backed securities (MBS) closed up a whopping 44 basis points today at 103.94 having broken through and more importantly closed above reistance at the 200 day moving average. Yesterday long green candlestick and close near the highs of the day was repeated today signaling the possibility...
04/04/2013
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Rates for conforming loans came down somewhat from their inflated levels. There were small changes in conforming and jumbo rates last week.The 30 year conforming was at 3.625% and the high balance conforming was back down to 3.875%. The jumbo 30 year was available at surprisingly low 3.75% an...
04/03/2013
Have you ever had a buyer to whom you showed homes end up purchasing with another Realtor? I want to help you make sure this doesn’t happen again! I am committed to having at least five contacts with each referral you send me, and through my phone calls, e-mails, faxes and mailed letters, I mak...
04/03/2013
