ARCHIVED BLOG POSTS
2016
Standard & Poor's futures opened slightly higher this morning but almost immediately fell back as the Philadelphia Fed took a nose dive. Shortly there after crude oil prices were reported up at $44 per barrel and initial weekly jobless claims declined to 247,000 which represented a 43 year low. ...
04/21/2016
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.12 having fallen through and closed below support which had been offered at the 50 day moving average. This was the second bad day for MBS bonds in several days and interest rate may suffer tomorrow unless some negative ne...
04/21/2016
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As the Kuwaiti oil workers strike came to an end U.S. supply levels grew as crude futures were to be found above $40 per barrel today. Stock futures pointed upward and March home prices were up 5.1% over February's results. The Dow was up 102 points during the day as MBS bonds predictably slipp...
04/20/2016
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Mortgage backed securities (MBS) closed down 22 basis points today at 102.31 having fallen through and closed below support which had been offered at the 25 day moving average. This was the first bad day for MBS bonds in several days and interest rate will likely suffer tomorrow unless some nega...
04/20/2016
Ask Me About my Reverse Mortgages called HECMs. Here are 10 key points that make them attractive to seniors.1. The Federal Housing Administration (FHA) insures the HECM loan. 2. Monthly mortgage payments are eliminated. I 3. The title of your home stays in your name, 4. Loan repayment ts due onl...
04/18/2016
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.59 having come to rest just 9 basis points below resistance offered by the 10 day moving average. Rates remained great today as MBS bonds were able to remain in a lofty holding pattern above 4 of the 5 major moving averages...
04/18/2016
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Stocks, which have been upward toward their highs for the year, looked as if they might have somewhat of a hiccup today despite some good Gross National product numbers out of China. Stocks did in fact follow the hint given by S & P futures and sell off slightly through most of the day. Empire ...
04/15/2016
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Mortgage backed securities (MBS) closed up 16 basis points today at 102.62 having risen up to and through support offered at the 10 day moving average prior to closing just 10 basis points below it. With the yield on the 10 year Treasury Note down to 1.75% today, MBS had a good day and are once ...
04/15/2016
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.47 having remained below resistance offered by the 10 day moving average. I would not be surprised if the 3.625% 30 year conforming rate that was available today might not be tomorrow. Adjustments for high loan to value a...
04/14/2016
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Are you Aware of these Down Payment Assistance Programs? Whether you're a young couple thinking about starting a family or a renter ready to put down roots, you may be considering purchasing a home. But if you're like many other potential first-time home buyers, you may be unsure how to tackl...
04/14/2016
