ARCHIVED BLOG POSTS
2010
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Motivational speaker Brian Buffini has taken Connecticut by storm. Across the state legions of realtors have signed up for his "100 Days to Greatness" program. Buffini, thorugh a series of CDs and workbooks, shows new realtors and some veterans as well how he used personal notes and items of va...
02/12/2010
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Mortgage backed securities (MBS) closed up 25 basis points today at 100.91. The 4.5% coupon bond managed to leap frog both the 200 and 50 day moving averages and is now just 12 basis points below resistance offered by the 100 day moving average. The bond opened above yesterday's high and powere...
02/12/2010
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One of the new regulations which came out of the sub prime mortgage crisis requires national mortgage licensing. Preparation for what is called the SAFE Mortgage Loan Originator test requires many hours of study. There is a 26 page Mortgage Loan Originator (MLO) Testing Handbook with which orig...
02/11/2010
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Mortgage backed securities (MBS) closed up 9 basis points today at 100.66 a slim 8 basis points above the all important 200 day moving average. Lower that expected initial jobless claims began the market on a downward trend. This was exascerbated mid session by more poor results from today's Tr...
02/11/2010
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Mortgage backed securities (MBS) closed down for the third consecutive day today falling 16 basis points to 100.56. The drop pushed the price below the all important support of the 200 day moving average. In just two days MBS bonds have plummeted through four major levels of support. A second p...
02/10/2010
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Markets are influenced by economic factors, technical factors, political factors and emotions. Many days which are devoid of outside factors can be extremely volatile as emotion takes over from logic. During the next eight days the markets will have some high impact economic reports to digest. ...
02/09/2010
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Mortgage backed securities (MBS) closed down 18 basis points today at 101.10 teetering precariously just above support at the 100 day moving average. Remaining above support is critical if bonds are to keep on their current upward trend. Closing below this support may start rates on a long upwa...
02/09/2010
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Leverage is the act of borrowing money to increase liquidity. Although leverage comes with an inherant cost, it allows conitnued investment. For real estate investors, leverage comes in the way of a mortgage. A leverage rate is equal to the CAP rate discussed yesterday plus the appreciation ra...
02/08/2010
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Mortgage backed securities (MBS) closed down 12 basis points today at 101.28 a scant 25 basis points above support offered by the 100 day moving average. Despite the fact that stocks faired poorly, MBS bonds were unable to gain any ground. There were no economic reports released today. The nex...
02/08/2010
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In the world of commerical real estate a cap rate is the rate of return a property would generate with no mortgage costs and no depreciation. A property worth $2,000,000. with a net operating income (NOI) of $200,000. would have a cap rate of 10%. Many real estate investors who know both the NO...
02/05/2010
