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2017
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With tech stocks recovering slightly from their recent woes, Standard & Poor's 500 futures were hovering just above ground this morning. After yesterday's mixed stock performance, we were greeted with the quadruple witching day today. That occurs four times a year on the third Friday of March, ...
06/16/2017
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Mortgage backed securities (MBS) closed up 9 basis points today at 103.16 having broken through and closed 3 basis points above support now 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, ...
06/16/2017
VanEck Vectors Junior Gold Miners ETF finds itself in an unusual pickle. The fund which makes available the stocks of around 40 small gold mining companies referred to as "penny stocks", performed so nicely that many of the companies it owns are know too big for the regulatory limits for the fun...
06/15/2017
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Mortgage backed securities (MBS) closed down 25 basis points today at 103.31 having fallen through and closed 8 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...
06/15/2017
Well the Fed Open Market Committee met once again today and as forecast they raised the fed funds rate by .25%. That is the rate that they charge to lend money to member banks overnight. Previously when they hiked the rate conforming mortgage rates had popped up in the weeks before the hike. T...
06/14/2017
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Mortgage backed securities (MBS) closed up 31 basis points today at 103.31 having broken through and closed 15 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, ...
06/14/2017
The wait for the Fed to release its decision about raising the Fed funds rate will drag on for almost another full day. At 2:15 tomorrow the results will be known and we will see how stocks and bonds react this time. As I mentioned, federal fund rate futures are calling for a nearly 100% chang...
06/13/2017
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Mortgage backed securities (MBS) closed up 6 basis points today at 103.00 having risen to within 17 basis points below 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 Atl...
06/13/2017
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Welcome back Active Rain. From Thursday through Sunday I was attending my 50th High School Reunion at Deerfield Academy in Deerfield, Massachusetts. I and 53 of my classmates experienced cool crisp mornings and a mix of beautiful cloud formations and brilliant shades of blue sky. As we approac...
06/12/2017
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.94 having fallen to 24 basis points below 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 Atlan...
06/12/2017
