ARCHIVED BLOG POSTS
2017
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Unfortunately our surmise yesterday that MBS bonds might be on shaky ground came to fruition. During Janet Yellen's last final address on Capitol Hill this morning she indicated the economy would continue to be strong and that wages and incomes would continue to improve. That rhetoric buoyed s...
11/29/2017
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Mortgage backed securities (MBS) closed down 19 basis points today at 102.66 having fallen through support offered by the 10 day, 25 and 200 moving averages and come to rest below all five moving averages. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether in New...
11/29/2017
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Christmas, which is just four weeks from next Monday, is rushing at us with uncanny speed once again this year. With Thanksgiving, Black Friday and Cyber Monday already behind us, the advertising for every manor of products fills media sites of all sizes and shapes. In my lifetime there has alwa...
11/28/2017
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Mortgage backed securities (MBS) closed flat today at 102.84 having remained above support offered by the 10 day, 25 and 200 moving averages and come to rest just 4 basis points below the 50 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether i...
11/28/2017
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Last Thursday I celebrated Thanksgiving in our 1740 saltbox here in Stratford. Somehow Thanksgiving in a house that approximates the dwellings during which the early Thanksgivings were held makes it feel more authentic. We had all the traditional foods right down to the turnips. For our praye...
11/27/2017
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.84 having remained above support offered by the 10 day, 25 and 200 moving averages and come to rest just 4 basis points below the 50 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125...
11/27/2017
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The minutes from the last Fed Open Market Committee were released today revealing that there are some voting members who believe that they still too far from their inflation target to raise rates. We will see what happens when they vote once again in December. Only the NASDAQ was able to set a ...
11/22/2017
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Mortgage backed securities (MBS) closed up 25 basis points today at 102.88 having broken through resistance offered by the 10 day, 25 and 200 moving averages and come to rest just 2 basis points below the 50 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4...
11/22/2017
Today turned out to be a special day in domestic equity markets as all three of them closed at record highs. It was like an early Thanksgiving for investors. Big gains in the tech sector were the drivers of today's action. Tomorrow we will have reports on Consumer Sentiment and on weekly initi...
11/21/2017
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.6 having come to rest just 1 basis point below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether in New England, the Mid Atlantic or the Midwe...
11/21/2017
