ARCHIVED BLOG POSTS
2017
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.72 having broken through resistance offered by the 25 and 50 day moving averages and come to rest 14 basis points below the 200 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.25%. ...
12/29/2017
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I wish you and your family a happy and prosperous new year. Please know that I will be available throughout the year to help you close more real estate sales with all the tools, programs and skills I have available. I have printed my New Year’s poem below. I hope you enjoy it and feel free to ...
12/29/2017
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S & P stock futures opened up marginally this morning just as they did yesterday. There were 245,000 initial jobless claims filed last month and oil rose above $59. per barrel today. The Chicago purchasing mangers index was reported at 67.6 which was the highest level since 2011. That may bode...
12/28/2017
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.53 having remained above support offered by the 10 day moving averages and come to rest 10 basis points below the 25 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.25%. Whether i...
12/28/2017
History repeated itself today as S & P stock futures opened slightly higher and all three major U.S. indices closed with Lilliputian gains. The difference today, however, was that MBS bonds, instead of gaining a meager 3 points, gained 31. This was quite a positive sign for the bonds as they br...
12/27/2017
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Mortgage backed securities (MBS) closed up a whopping 31 basis points today at 102.62 having broken through resistance offered by the 10 day moving averages and come to rest exactly at the 25 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.25%. Whether...
12/27/2017
S & P 500 futures opened slightly lower today and it is well that they should have. Stocks came out of the long holiday weekend like a sleepy bear comes out of hibernation or like a sloth in Venezuela is in almost the same spot in the tree when you are leaving the restaurant as he was when you e...
12/26/2017
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.31 having remained below support offered by all the moving averages and come to rest 17 basis points below the 10 day. The 30 year was available at 4.125% today. The 30 year jumbo was at 4.25%. Whether in New England, the ...
12/26/2017
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I have been watching the forecast for Christmas for 7 days now. Early on it predicted rain, then for few days leaned toward snow, then sunny, then snow and now it has dark grey image of what I assume is blustery wind. I wonder a couple of things based on all these choices. First what will we r...
12/22/2017
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.28having remained below support offered by all the moving averages and come to rest 22 basis points below the 10 day. The 30 year was available at 4.125% today. The 30 year jumbo was at 4.25%. Whether in New England, the M...
12/22/2017
