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2016
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Mortgage backed securities (MBS) closed down 9 basis points today at 103.50 having remained below the 25 day moving average Once again today. The 30 year conforming was left barely clinging to 3.50% today for the best applicants. The refinance opportunity is still in play. Whether in Oregon, ...
07/25/2016
Remember what Jim Valvano the coach of the 1983 national basketball champion North Carolina State Wolfpack said in his famous cancer speech at the 1993 ESPYs. "When people say to me how do you get through life or each day, it’s the same thing. To me, there are three things we all should do every...
07/22/2016
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After breaking their string of nine consecutive up days and six consecutive new record highs for the Dow, stocks resumed their climb today. GE Chief Executive Jeffrey Immelt said in a statement today.“The diversity and scale of our portfolio enabled the company to perform well despite a volatile...
07/22/2016
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Mortgage backed securities (MBS) closed even today at 103.59 having fallen below the 25 day moving average for the first time since June 27. The 30 year conforming remained at 3.50% today for the best applicants. The refinance opportunity is still in play. Whether in Arkansas, Kansas or New M...
07/22/2016
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The string of nine consecutive daily gains and seven straight days of new records finally ended today as all three major indices closed with losses. As automotive giant GM amassed huge profits last month, Travelers balance the market with a 20% loss in profits. Weekly initial unemployment claim...
07/21/2016
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Mortgage backed securities (MBS) closed up 6 basis points today at 103.59 having closed just 12 basis points below the 10 day moving average just above. The 30 year conforming remained at 3.50% today for the best applicants. The refinance opportunity is still in play. Whether in New York, New...
07/21/2016
The earnings season continued today with Microsoft, Goldman Sachs and Johnson & Johnson showing higher earnings. On the other side of the aisle Netflix added fewer new clients than expected and their stock was off 12% as a result. Housing start were up almost 5% over May and Building Permits we...
07/19/2016
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Mortgage backed securities (MBS) closed up 16 basis points today at 103.69 having closed to within 13 basis points of the 10 day moving average just above. The fact that MBS bonds closed at their high of the day should bode well for tomorrow' session. The 30 year conforming remained at 3.50% to...
07/19/2016
The world continually seems to unravel as frightened, astonished witnesses observe in horror. Friday an attempted coup in Turkey caused over 200 deaths and many more arrests. Three on duty policemen sworn to serve and protect in Baton Rouge, LA, were callously murdered in cold blood by a craze...
07/18/2016
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Mortgage backed securities (MBS) closed down 3 basis points today at 103.53 having fallen through support offered by the 25 day moving average prior to bouncing up and closing 7 basis points above it. The 30 year conforming remained at 3.50% today for the best applicants. The refinance opportu...
07/18/2016
