ARCHIVED BLOG POSTS
2016
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As MBS bonds continue to trade higher stocks here continued with little movement in a mixed market. The Japanese failed increase the bond bonding program or cut their prime interest rate below ,10. This caused some chagrin here as they don't appear to be doing enough to stimulate their economy,...
07/29/2016
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As MBS bonds continue to trade higher stocks here continued with little movement in a mixed market. The Japanese failed increase the bond bonding program or cut their prime interest rate below ,10. This caused some chagrin here as they don't appear to be doing enough to stimulate their economy,...
07/29/2016
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Mortgage backed securities (MBS) closed up 25 basis points today at 104.06 having forged deeper into the rarefied air above all the moving averages. Rates continued to improve after today's session. The 30 year conforming was available 3.375% today for the best applicants. The refinance oppor...
07/29/2016
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Once again the Fed kept speculators trying to figure out exactly what Janet Yellen and her cronies at the Federal Reserve were thinking. While the message was clear that the time to raise short term interest rates has not yet arrived, the phrase "near-term risks to the economic outlook have dimi...
07/28/2016
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Mortgage backed securities (MBS) closed up 6 basis points today at 103.81 having remained above all the moving averages today. After yesterday's strong reaction to the Fed's decision to keep short term interest rates the same, many interest rates decreased. The 30 year conforming was quite close...
07/28/2016
Did you realize that some veterans can borrow 100% of the purchase price of a house with no upfront fee and no monthly pmi? After hearing all the bad things that were happening at VA hospitals in various parts of the country, it is comforting to know that VA loans can be so helpful to those who ...
07/28/2016
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Did you know that when someone buys a new home, that person has only 90 days from the date of the closing to mortgage the house and deduct the mortgage interest. If a mortgage is taken out after 90 days, the buyer may only be able to deduct interest on up to $100,000 which is referred to as home...
07/28/2016
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Not surprisingly for the first day of a Fed Open Market Committee (FOMC) stock traders are doing their best Kenny Rogers impression. "Know when to hold em and know when to fold em" They are certainly not counting their money while they are sitting at the table. chances are there will be not ch...
07/26/2016
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Mortgage backed securities (MBS) closed down 3 basis points today at 103.41 having remained below the 25 day moving average once again today. The 30 year conforming is stiill barely clinging to 3.50% today for the best applicants. The refinance opportunity is still in play. Whether in Wiscons...
07/26/2016
In addition to a full week of earning's reports this week will have a full economic menu ranging from consumer sentiment to housing to manufacturing to economic growth. But the main event will be the Fed's Open Market Committee at which voting Board members will decide once again what to do with...
07/25/2016
