ARCHIVED BLOG POSTS
2016
After suffering losses Monday and Tuesday stock futures were showing some hope thie morning. They were aided by good economic news from China which boosted stocks across the globe. The Mortgage Bankers Association refinance index surged 7% last week as those who had not yet refinanced became em...
04/06/2016
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Mortgage backed securities (MBS) closed down 9 basis points today at 104.81 having remained above support offered by all of the moving averages once again. MBS bonds remain stalled at 52 week highs creating the possibility for a refinancing boom. I know there are a lot of you out there who coul...
04/06/2016
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Fed chairs Evans and Rosengren from Chicago and Boston respectively acted a bit "hawkish" stating that they felt the economy could withstand a few rate hikes. Combine that with other Fed speakers calling for restraint on hikes and you have a muddy picture indeed. Stock futures typically do poor...
04/05/2016
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Mortgage backed securities (MBS) closed up 6 basis points today at 104.91 having remained above support offered by all the moving averages once again. MBS closed about 12 basis points above most of the early morning pricing points and 9 basis points below the high of the day. We have a brief wi...
04/05/2016
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Further Fed like accommodation in the Euro Zone has caused the yield on the 10 year German Bund to hit a five year low. It seems what is good for the U.S. stocks converts to German markets as well. Futures markets here began the day upward in appreciation. Stocks, however do not always follow t...
04/04/2016
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Mortgage backed securities (MBS) closed down 6 basis points today at 104.84 having remained above all the moving averages. Interest rates continue to be extremely desirable based on the recent improvements in the MBS market. Thanks can be given to Janet Yellen and her "dovish" policies regardin...
04/04/2016
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April Fools!! Someone hit me with that line this morning and I bought right into it and immediately began wondering what that would do to the election. I wonder what they did talk about. It must have been and interesting conversation. There were 215,000 new non farm jobs created last month an...
04/01/2016
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Mortgage backed securities (MBS) closed up 3 basis points today at 104.94 having remained above all the moving averages for the first time since February 10th. MBS bonds have managed to bring interest rates solidly back into the 3s with the 30 year conforming at 3.75%, the jumbo at 3.875 and the...
04/01/2016
