ARCHIVED BLOG POSTS
2018
As I am sure you remember, today the Fed's Open Market Committee completed its two day meeting and concluded with some statements and a news conference. Essentially they did not raise the fed funds rate and said that it would be below normal for some time, they stated that they had moved closer ...
05/02/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 101.72 having broken through resistance at the 10 day average and closed 38 basis points below resistance offered by the 25 day moving average. The 30 year was available at 4.625% day. The 30 year jumbo was at 4.50%. Whether in...
05/02/2018
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Did you know that using the term May Day to express distress originated at an airport in London? It was actually first used in 1923. It was made official in 1948. It was the idea of Frederick Mockford, who was a senior radio officer at Croydon Airport in London. He thought of the term “mayday" ...
05/01/2018
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Mortgage backed securities (MBS) closed down 6 basis points today at 101.69 remaining 1 basis point 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 anywher...
05/01/2018
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This week is chock full of important economic reports. They began yesterday with the Fed's favorite measure of inflation, the Personal Consumption Expenditures, which increased by less than .1%. Fed members had stated that they envision increased inflation this year but this does not support th...
05/01/2018
