ARCHIVED BLOG POSTS
2017
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After days of setting new records stocks were slightly down today as traders await another full round of earnings reports. Traditionally Alcoa is the first company to report. With housing starts usually strong this time of year, Alcoa should have good news for investors. Coincidentally report...
07/17/2017
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Mortgage backed securities (MBS) closed up 7 basis points today at 102.69 having remained above support offered by the 100 day moving average and closed 12 basis points above it. The 30 year conforming remained at 4.125% today while the 30 year jumbo was available at 4.25%. Whether in New Englan...
07/17/2017
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Despite the fact that there was an alert to lock due to a sizable drop in MBS rates after a strong morning rally, we are calling to float rates as we enter next week. The Dallas Fed President Kaplan indicated that he would like to see more evidence of inflation prior to taking any steps to raise...
07/14/2017
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.62 having remained above support offered by the 100 day moving average and closed 5 basis points above it. The 30 year conforming remained at 4.125% today while the 30 year jumbo was available at 4.25%. Whether in New England...
07/14/2017
After having spoken before congress yesterday and not strongly advocating for rate hikes, Janet Yellen appeared before the Senate banking committee this morning. Meanwhile there was an auction for $12 billion 30 year U.S. Treasury bonds this afternoon. Only 247,000 initial jobless claims were ...
07/13/2017
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.59 having remained above support offered by the 100 day moving average and closed 3 basis points above it. The 30 year conforming remained at 4.125% today while the 30 year jumbo was available at 4.25%. Whether in New Engla...
07/13/2017
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Mortgage Backed securities had a strong day today despite some nice profits having been made in the stock market. Stocks and bonds, which normally trade in opposite directions, converged on a plan for success today. Marijuana stocks are starting ever so slowly to get on the move as Nevada comm...
07/12/2017
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Mortgage backed securities (MBS) closed up 25 basis points today at 102.66 having remained above support offered by the 100 day moving average and closed 10 basis points above it. The 30 year conforming remained at 4.125% today while the 30 year jumbo was available at 4.25%. Whether in New Engla...
07/12/2017
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Today was a lackluster day in equity markets here while MBS bonds experienced their second consecutive positive session. As I mentioned yesterday, I am floating rates for closing out over 30 days in hopes that we can regain some of the positive momentum we had in recent weeks. Summer is marchi...
07/11/2017
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.62 having once again broken through resistance offered by the 100 day moving average and closed 6 basis points above it. The 30 year conforming remained at 4.125% today while the 30 year jumbo was available at 4.25%. Whether ...
07/11/2017