ARCHIVED BLOG POSTS
2017
As we discussed yesterday, the lack of inflation progress has led to speculation that there might be no more Fed rate hikes this year. The biggest factor in today's trading, however, was the tragedy and carnage that occurred in Barcelona. Another madman armed with a vehicle targeted innocent vi...
08/17/2017
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Mortgage backed securities (MBS) were up 12 basis points today at 103.34 having come to rest 71 points above support offered by the 200 day moving average. The 30 year conforming fell to 3.875% today. The 30 year jumbo was also at 4.125%. Whether in New England, the Mid Atlantic or the Midwest ...
08/17/2017
Remember yesterday when some better than expected economic reports gave stock traders concern about another possible fed rate hike this yea?. Well welcome to the revolving door of news and investing. Today the minutes of the Fed meeting were released and it appears many Fed members are still c...
08/16/2017
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Mortgage backed securities (MBS) were up 19 basis points today at 103.22 having come to rest 58 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today. The 30 year jumbo was also at 4.125%. Whether in New England, the Mid Atlantic or the Midwe...
08/16/2017
After another down day in MBS and Treasury markets, we are locking rates for clients who will be closing in the near term. I am still floating rates, however, for those whose closings are a bit down the road. The 10 year Treasury closed with a yield of 2.26 up from yesterday's 2.19 low. July ...
08/15/2017
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Mortgage backed securities (MBS) were down 16 basis points today at 103.03 having come to rest 38 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today. The 30 year jumbo was also at 4.125%. Whether in New England, the Mid Atlantic or the Mid...
08/15/2017
Over the weekend the intensity of the rhetoric between the U.S. and North Korea quelled a bit. That having been said, we still have a major portion of our Pacific fleet in the theater engaging in war games with South Korea and Japan. There were no economic reports released today. Tomorrow inve...
08/14/2017
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Mortgage backed securities (MBS) were down 6 basis points today at 103.22 having come to rest 56 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today. The 30 year jumbo was also at 4.00%. Whether in New England, the Mid Atlantic or the Midwe...
08/14/2017
As we head into the weekend, pundits from all sides are wailing with tails of doom and gloom regarding the Korean peninsula and the affect North Korea's brash and seemingly irrational leader could have on the entire world. After yesterdays mercurial plunge, stocks returned to reacting to economi...
08/11/2017
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Mortgage backed securities (MBS) were up 6 basis points today at 103.28 having come to rest 61 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today. The 30 year jumbo was also at 4.00%. Whether in New England, the Mid Atlantic or the Midwest...
08/11/2017
