ARCHIVED BLOG POSTS
2016
As MBS bonds slowly climbed their way back toward topping all the moving averages, stocks did their best to build another winning streak. Today was Fed day with the much anticipated 2PM news conference showcasing Janet Yellen's ability to confuse lay people and political pundits alike with her c...
08/17/2016
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Mortgage backed securities (MBS) closed up 16 basis points today at 103.66 having brooken through support offered by the 10 and 25 day moving averages prior to falling back and landing right on the 25 day moving average. We are still hoping for some price improvements in the short run. The 30 y...
08/17/2016
File this under "what a difference a day makes". Yesterday all three major U.S. exchanges registered record highs, today; not so much. Fed funds futures bet there was just a 9% change of the Fed raising rates at their September meeting. That was not enough, however to help stocks. Equities he...
08/16/2016
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Mortgage backed securities (MBS) closed down 9 basis points today at 103.5 having fallen through support offered by the 50 day moving average prior to bouncing back up and landing right on it. We are still hoping for some price improvements in the short run. The 30 year conforming remained solid...
08/16/2016
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The Japanese set the table for stock trading today as the 2nd quarter Gross Domestic Product disappointed and their industrial production improved. Empire State Manufacturing Index was down 4% versus an anticipated 4% Increase. Futures remained positive, however, as speculation circulated that ...
08/15/2016
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Mortgage backed securities (MBS) closed down 19 basis points today at 103.59 having once again fallen through support offered by the 25 day and 10 day moving averages. This setback does not deter us from looking for some pricing improvement over the coming weeks. The 30 year conforming remained ...
08/15/2016
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Stock futures this morning pointed to a lackluster day and that is exactly what we received. Crude oil was up to nearly $45 per barrel and the economy painted a gloomy picture without too much progress in sight. Retail sales were flat and automobile sales actually fell backward. The Consumer I...
08/12/2016
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Mortgage backed securities (MBS) closed up 12 basis points today at 103.75 having gained back more than half yesterday's losses and passed through resistance offered by the 25 day moving average and closed right at the 10 day moving average. We are still looking for some pricing improvement over ...
08/12/2016
In anticipation of improving crude oil prices, S&P 500 futures were trending higher this morning. Weekly initial job claims were in step this morning as 266,000 were reported. Freddie Mac reported that conforming interest rates, those with loan amounts of $17,000 or less inched higher this week...
08/11/2016
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Mortgage backed securities (MBS) closed down 22 basis points today at 103.59 having lost all of yesterday's gains and fallen through and closed below support offered by both the 10 and 25 day moving averages. Despite the setback we think there may be still refinancing opportunities in the short ...
08/11/2016
