ARCHIVED BLOG POSTS
2016
4
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I have a classmate who owns Sugar Bush and another who teaches at the University of Vermont Medical School in Burlington Vermont and both were thrilled about many inches of white powder last night. When I took out the recycling tonight the wind was whipping and it felt almost cold enough to snow...
10/24/2016
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Mortgage backed securities (MBS) closed down 9 basis points today at 103.28 having fallen to down to 23 points below resistance offered by the 100 day moving average. The bond's loss were mirrored by moderate gains for stocks.The 30 year remained at 3.50% during today's trading. Whether in New E...
10/24/2016
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Here in New England after the first cool days start to occur in September and transition into October, invariably we have an occurrence of Indian summer. During the past week we have seen temperatures soaring into the low 80s. Today marked the end of that period this year. We are now headed fo...
10/21/2016
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Mortgage backed securities (MBS) closed up 9 basis points today at 103.38 having having risen to within 12 points of resistance offered by the 100 day moving average. The bonds moderate gains were mirrored by similar losses for stocks.The 30 year remained at 3.50% during today's trading. Whether...
10/21/2016
Crude oil futures sold off today and earning reports from major corporations were mixed and did not provide enough positive results to give equity markets hear any traction. This did not deter the Atlanta Fed from predicting a third quarter increase of 2% for the GDP Gross Domestic Product). T...
10/20/2016
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Mortgage backed securities (MBS) closed flat today at 103.28 having having fallen to 21 points below resistance offered by the 100 day moving average. MBS bonds and stocks both sustained moderate losses today. The 30 year remained at 3.50% during today's trading. Whether in New England, the ...
10/20/2016
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The average 30 year interest rate rose to 3.73 from 3.68 today including payment of .36 points including the origination charges. Here at the Federal Savings Bank we have a 3.50% interest rate today with a 3.57 APR. West Texas crude oil increased to $51 per barrel today as it was reported that ...
10/19/2016
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Mortgage backed securities (MBS) closed flat today at 103.31 having having remained 17 points below resistance offered by the 100 day moving average. MBS bonds managed to stay even today as stocks had moderate gains. The 30 year remained at 3.50% during today's trading. Whether in New England...
10/19/2016
Goldman Sachs, Netflix and Johnson & Johnson set the pace today with strong earnings reports which allowed stocks to earn a moderate advance. The Consumer Price Index was close to expectations this morning as the index was up .3% in September and the core was up .1%. Increases in the prices of ...
10/18/2016
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Mortgage backed securities (MBS) closed up 22 basis points today at 103.312 having come within 13 basis points of resistance offered by the 100 day moving average prior to closing 16 basis points below. MBS bonds did well to achieve such gains in the face of a solid stock market. The 30 year r...
10/18/2016