ARCHIVED BLOG POSTS
2017
After having coasted along in quite a tight shot group for the past couple months, MBS bonds and Treasuries could be about to make a move upward. Recent patterns in the stochastic charting have revealed a "Death Cross" for the 10 Year Treasury and a "Golden Cross" for the MBS bonds. Historicall...
06/23/2017
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Mortgage backed securities (MBS) closed up 3 basis points today at 103.22 having closed 12 basis points above support offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, the Mid Atlantic or the...
06/23/2017
We rolled out two new extended rate programs today. The first is called Long Term Rate Lock. Most programs have lock periods up to 90 days. Whether you need to get to the end or your lease, finish a construction project or your purchase is contingent on selling your present house, we can prote...
06/22/2017
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Mortgage backed securities (MBS) closed up 7 basis points today at 103.19 having closed 10 basis points above support offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, the Mid Atlantic or the...
06/22/2017
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Today is the summer solstice; the day when the sun gives the most exposure to the earth due to the earth's axis. We know it as the longest day of the while those in the southern hemisphere know it as the shortest day of the year. It is actually the moment (12:24 this morning) that the sun was d...
06/21/2017
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Mortgage backed securities (MBS) closed down 6 basis points today at 103.12 having remained just 2 basis points above resistance offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, the Mid Atla...
06/21/2017
Oil prices fell to a nine month low today taking other energy prices down with them. The broader market gave back some of yesterday's gains as a result. On the mortgage front, Fannie Mae is set to expand its debt to income ratio limit from 45% to 50% beginning July 29. This will allow an entir...
06/20/2017
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Mortgage backed securities (MBS) closed up 16 basis points today at 103.19 having broken through and closed 8 basis points above resistance offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, ...
06/20/2017
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With no economic reports coming out today or tomorrow one would have the Russian reaction to our shooting down a Serbian plane would have been negative in equities markets. Apple, however, took that out of play as their stock led a charge higher for all three major U.S. indices. MBS bonds conti...
06/19/2017
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Mortgage backed securities (MBS) closed down 9 basis points today at 103.06 having fallen through and closed 6 basis points below support offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, th...
06/19/2017
