ARCHIVED BLOG POSTS
2015
0
Comments
Mortgage backed securities (MBS) closed down 3 basis points today at 103.12 having remained just 12 basis points below tough resistance offered by the 50 day moving average at 103.24, With stocks down again today, MBS bonds floated right on a flat line pretty much all day. As you imagine with t...
07/22/2015
0
Comments
Mortgage backed securities (MBS) close up 28 basis points today at 103.16 having climbed to within 8 basis points of resistance offered by the 50 day moving average at 103.24. We are rooting for a close above that level in hopes of achieving lower interest rates this week. A quiet week of inter...
07/21/2015
1
Comments
With little new news coming from Greece and China and the heat bearing down on the big city trading has adapted a slow summer pace. To further slow exacerbate the sleepy pace, MBS traders are already taking few positions in anticipation on next week's Fed Meeting. Fed speakers have become fairl...
07/20/2015
0
Comments
Mortgage backed securities (MBS) closed down 19 basis points today at 102.84 having fallen through support previously offered by the 25 day moving average. MBS bonds will need to re-take that new resistance level in order to continue improving interest rates. With no economic reports coming out...
07/20/2015
Stocks were in a mixed market today as Google made a nice advance and pulled other tech stocks in the NASDAQ with it. Despite improving housing starts and increasing permits to build new houses, the big board had some minor losses today. I will be watching MBS bonds closely tomorrow as they sta...
07/17/2015
0
Comments
Mortgage backed securities (MBS) closed up 12 basis points today at 103.03 having closed just 28 basis points below resistance offered by the 50 day moving average. That market the fifth consecutive gain for MBS bonds. They are now in their third straight upward trend after three falls to the ...
07/17/2015
1
Comments
Now there’s a smarter way toto build your own home. It’s called a Construction-to-Permanent Loan. It’s the one loan that can take you through the entire construction process and convert to a permanent loan when your home is completed and you’re ready to move in! One loan, one closing, four fin...
07/15/2015
1
Comments
Stocks were barely in positive ground most of the day as some mixed news seaped across the news wires today. The Empire State Manufacturing Survey revealed strong than expected numbers today. Janet Yellen was in Congress testifying and said once again that any rate hikes would be based on the l...
07/15/2015
0
Comments
Mortgage backed securities (MBS) closed up 18 basis points today at 102.84 having broken through and closed above the 25 day moving average now 2 basis points below. The fact that MBS bonds were able to close above the average should bode well for bonds tomorrow barring good economic news. Riot...
07/15/2015
1
Comments
Stocks had yet another good day today after Greece agreed to the terms of large new bailout package from the European Union. That new trumped a poor showing for retail sales which actually slipped backward instead of the 1.0% advance the street expected. Bonds, however, which had been reeling i...
07/14/2015
