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2013
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Mortgage backed securities (MBS) closed up 31 basis points today at 103.50 having moved up nicely toward resistance offered by the 200 day moving average just 35 basis points above. The long green candlestick is a warming sight for those waiting to lock. The fact that bonds closed almost at the...
04/03/2013
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Foreclosure timeline. Do you realize that average lending institution takes 507 days to foreclose on a non-paying loan? That means that a homeowner who stopped making payments last February 28th could on average live in his/her home until July 19, 2014, that is mid next summer before t...
04/01/2013
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Last week it seems that the good weather and religious holiday took their toll on house hunting activities. The phones were pretty quiet as potential buyers were reveling in the unusually warm weather. The promising spring market should make a comeback to its great beginning as the euphoria of ...
04/01/2013
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Mortgage backed securities (MBS) closed up 19 basis points today at 103.31 having solidified its position firmly above support offered by the 25 and 50 day moving averages. Still seemingly in holiday mode and lacking any big international news, MBS traders glided to an easy gain as stocks experi...
04/01/2013
