ARCHIVED BLOG POSTS
2018
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Mortgage backed securities (MBS) closed down 9 basis points today at 101.59 falling to 53 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.625% day. The 30 year jumbo was at 4.50%. Whether in New England, the Mid Atlantic or the Midwest or anyw...
04/23/2018
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S & P stock futures looked to rise toward tte open today as good earnings reports from GE and Honeywell impressed traders. It was nice to see GE with some improved numbers as the market has been down on the giant manufacturer of late. The yield on the 10 year Treasury was at 2.91% today which i...
04/20/2018
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Mortgage backed securities (MBS) closed down 22 basis points today at 101.72 falling to 51 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.625% day. The 30 year jumbo was at 4.375%. Whether in New England, the Mid Atlantic or the Midwest or an...
04/20/2018
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Mortgage backed securities (MBS) closed down 19basis points today at 101.94 resting 36 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.625% day. The 30 year jumbo was at 4.375%. Whether in New England, the Mid Atlantic or the Midwest or anywhe...
04/19/2018
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Earnings week continued today with Morgan Stanley exceeding expectations for both revenue and earnings and United Airlines and CSX exceeding revenue projections but falling short on profits. Stock futures rose as geopolitical fears eased generally after Kim Jung Un and Putin backed off their sab...
04/18/2018
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Mortgage backed securities (MBS) closed down 16 basis points today at 102.12 resting 24 basis points below resistance offered by the 10 and 25 day moving averages. The 30 year was available at 4.50% day. The 30 year jumbo was also at 4.50%. Whether in New England, the Mid Atlantic or the Midwe...
04/18/2018
Positive earnings and revenue reports continued their strong performance today as Netflix, Goldman Sachs, Johnson and Johnson and United Health all reported strong first quarters. The tech stocks were particularly strong today propelling the NASDAQ ahead a whopping 124 points. March housing sta...
04/17/2018
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Mortgage backed securities (MBS) closed flat today at 102.28 resting 10 basis points below resistance offered by the 10 and 25 day moving averages. The 30 year was available at 4.50% day. The 30 year jumbo was also at 4.50%. Whether in New England, the Mid Atlantic or the Midwest or anywhere e...
04/17/2018
After this weekend's' drama in Syria one would have thought that stock prices here would fall. The impression that traders and investors adopted, however, was that any retaliation from Russia would be minor. What did garner the attention of the markets was the earnings season. Alcoa which is t...
04/16/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.28 resting 9 basis points below resistance offered by the 25 day moving average. The 30 year was available at 4.50% day. The 30 year jumbo was also at 4.50%. Whether in New England, the Mid Atlantic or the Midwest or anywhe...
04/16/2018
