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2016
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Mortgage backed securities (MBS) closed down 3 basis points today at 103.12 having once again remained above all the moving average and closed near the highest point since January 2015. MBS bonds remained at the 2 year high and closed right at it once again. Now is a good time to lock.and secure...
06/16/2016
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Mortgage backed securities (MBS) closed up 12basis today at 103.09 having once again remained above all the moving average and closed near the highest point since January 2015. In reaction to Janet Yellen's' dovish comments, MBS bonds rose all the way up to the 2 year high and closed right at it...
06/15/2016
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MBS bonds were aided this morning as the German Bund yield fell to a record low of negative .034%. That brought the yield of the 10 year bond briefly down to 1.59%. S&P 500 futures fell in anticipation of the Fed meeting tomorrow and over concern about Britain's June 23 vote (known as the Brexi...
06/14/2016
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Mortgage backed securities (MBS) closed up 3 basis today at 102.97 having once again remained above all the moving average and closed near the highest point since January 2015. During the day MBS bonds rose all the way up to the 2 year high before being turned away. We will see if the bonds get...
06/14/2016
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Welcome to Fed Week as the Federal Reserve's Open Market Committee will decide whether to keep short term interest rates the same or raise them by a quarter point. Fed funds futures are predicting little chance of a rate hike this month. Wednesday at 2PM Janet Yellen will hold a news conference...
06/13/2016
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Mortgage backed securities (MBS) closed up 6 basis today at 102.94 having once again remained above all the moving average and closed near the highest point since January 2015. I am continuing to float loans in my portfolio for the time being. Those who have not yet refinanced across the country...
06/13/2016
Did you realize that 10.3% of the citizens of the United States are veterans. Despite the government's effort to provide information about the myriad of programs and opportunities, many veterans have not taken advantage of the available benefits. One of the largest and most important of those i...
06/10/2016
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Mortgage backed securities (MBS) closed up 19 basis today at 102.91 having once again remained above all the moving average and closed near the highest point since January 2015. I am continuing to float loans in my portfolio for the time being. Those who have not yet refinanced across the countr...
06/10/2016
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Stock futures looked droopy this morning after investors looked to take some profits to capitalize on recent gains. Crude oil futures dropped below $51 once again and initial unemployment claims were 4,000 less than last week. The 10 year Treasury yield was all the way back down to 1.67. the D...
06/09/2016
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Mortgage backed securities (MBS) closed flat today at 102.97 having once again remained above all the moving average and closed at the highest point since January 2015. I am continuing to float loans in my portfolio for the time being. Those who have not yet refinanced across the country should ...
06/09/2016
