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2017
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.50 having made back half of Friday's loss and come to rest 186 basis points below the 200 day moving average. The 30 year was at 4.25% once again today. If you have a rate of 5% or more it is still not too late to refina...
01/09/2017
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After an overnight storm whitened parts of the northeast, far more austral states are expecting major doses of snow tonight. Our relatives in Virginia are bracing for a foot of the fluffy white flakes while North Carolina's temperatures may be colder than Green Bay Wisconsin's. The tail of the ...
01/06/2017
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Mortgage backed securities (MBS) closed down 38 basis points today at 102.50 having given up most of yesterday advance and came to rest 205 basis points below the 200 day moving average. The 30 year was at 4.25% once again today. If you have a rate of 5% or more it is still not too late to r...
01/06/2017
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Mortgage backed securities (MBS) closed up a whopping 57 basis points today at 102.88 and came to rest 167 basis points below the 200 day moving average. The 30 year was at 4.25% once again today. If you have a rate of 5% or more it is still not too late to refinance; especially for those ju...
01/06/2017
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If you are looking to encourage your clients remind them that the yield on the 10 year Treasury has been higher 92% of the time in the last 20 years. That means that mortgage rates have only been lower 8% of the time over the last 20 years. That is remarkable and should reduce most grumbling ab...
01/04/2017
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.31 and came to rest 224 basis points below the 200 day moving average. The MBS bonds which had been as low as 102.03 early in the session did well to recover much of the early loss. The 30 year was at 4.25% once again t...
01/04/2017
Stocks opened substantially higher this morning, haven risen nearly 150 points. Meanwhile the news in gold was still seemingly unmoved by the addition of $1,6 billion Muslims gaining access to the world market for the precious metal. Was it all hype? Today it managed only a gain of $12 from it...
01/03/2017
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Mortgage backed securities (MBS) closed down 10 basis points today at 102.34 and came to rest 224 basis points below the 200 day moving average. The MBS bonds which had been down 44 basis points early in the session did well to recover much of the early loss. The 30 year was at 4.25% once ag...
01/03/2017
